TY  - BOOK
AU  - Mohan,Rakesh
TI  - Growth with financial stability : central banking in an emerging market 
SN  - 9780198089230
AV  - HG3284 .M63 2011
U1  - 332.4954 22
PY  - 2011///
CY  - New Delhi 
PB  - Oxford University Press
KW  - Financial institutions
KW  - India
KW  - History
KW  - 20th century
KW  - Banks and banking
KW  - Economic policy
KW  - 1947-
KW  - Economic conditions
N1  - Includes bibliographical references and index; I; Indian Economic Growth: The Record --; 1; The Growth Record of the Indian Economy: A Story of Sustained Savings and Investment; 3 --; 2; Sustaining Growth with Stability: The Role of Fiscal and Monetary Policies; 43 --; 3; Innovation and Growth: Role of the Financial Sector; 82 --; II; Growth and The Financial Sector --; 4; Development of Banking and Financial Markets in India: Fostering Growth while Containing Risk; 101 --; 5; Development of the Indian Debt Market; Partha Ray; Ray, Partha; 153 --; 6; Financial Inclusion in India: A Glass Half Empty or Three Quarters Full?; 206 --; III; Issuses In Monetary Policy --; 7; Communication in Central Banks: A Perspective; 251 --; 8; Managing the Impossible Trinity: Volatile Capital Flows and Indian Monetary Policy; Muneesh Kapur; Kapur, Muneesh; 271 --; IV; The Global Financial Crisis --; 9; Liberalization and Regulation of Capital Flows: Lessons for Emerging Market Economies; Muneesh Kapur; Kapur, Muneesh; 347 --; 10; The Global Financial Crisis: Causes, Impact, Policy Responses, and Lessons; 309 --; 11; Emerging Contours of Financial Regulation: Challenges and Dynamics; 423 --; V; The Way Ahead --; 12; Economic Reforms in India: Where Are We and Where Do We Go?; 453
N2  - It is widely believed that the Indian economy witnessed near stagnation in real GDP growth from Independence till the late 1970s. Challenging this notion, the collection of papers and speeches in this volume provides fresh perspectives on India's growth experience from Independence to the recent global financial crisis. This volume documents how the conduct of Indian monetary and financial policy has been unorthodox by the standards of extant international conventional wisdom, but appropriate to the macroeconomic and structural conditions prevailing in India. With a focus on growth drivers and financial stability, the volume deals with a wide-range of issues: growth of manufacturing and service sectors, role of policies (monetary, fiscal, financial market and sector, external sector), urban infrastructure investment, public service delivery, role of central banks, and the interaction between international finance and monetary policy. Drawing upon the post-reform experience and the global crisis, the volume takes stock of current challenges and suggests strategies to sustain long-term double-digit growth rates
ER  -