Description
Book SynopsisThis collection provides an overview of India's growth experience from Independence to the recent global financial crisis from the perspective of financial economics. With a focus on growth drivers and financial stability, the volume analyses both macroeconomic and microeconomic policy reforms and suggests strategies for the future.
Table of ContentsTables and Figures; Acknowledgements; Introduction; I Indian Economic Growth: The Record; 1. Growth Record of the Indian Economy, 1950-2008: A Story of Sustained Savings and Investment; 2. The Role of Fiscal and Monetary Policies in India in Sustaining Growth with Stability in India; II Growth and the Financial Sector; 3. Financial Sector Development in India: Fostering Growth While Containing Risk; 4. Development of the Indian Debt Market; 5. Financial Inclusion in India: A Glass Half Empty or Three Quarters Full?; 6. Innovation and Growth: Role of the Financial Sector; III Issues in Monetary Policy; 7. Communications in Central Banks; 8. Managing the Impossible Trinity: Volatile Capital Flows and Indian Monetary Policy; IV The Global Financial Crisis; 9. Liberalization and Regulation of Capital Flows: Lessons for Emerging Market Economies; 10. The Global Financial Crisis: Causes, Impact, Policy Responses and Lessons; 11. Emerging Contours of Financial Regulation; V The Way Ahead; 12. Economic Reforms in India: Where Are We and Where Do We Go; Index
