Financial And Fiscal Policies C: Crises and New Realities - Hardcover

Reddy, Ray, And Valluri

Hardcover

ISBN 10: 0199452652 ISBN 13: 9780199452651

Publisher: Oxford University Press, 2014

Synopsis

The world economy has been in a crisis mould since 2007. What started as a sub-prime crisis in the residential mortgage market in the US, resulted in a global financial crisis, uneven recovery and persisting uncertainties with new challenges to several areas of public policy. The eruption of the Sovereign debt crisis in some countries in the euro area has led to a setback to the incipient recovery. The emerging markets which appeared somewhat resilient in the initial stage, have since been subjected to uncertainties. In this backdrop, this book addresses evolving complex interlinkage between monetary, financial, and fiscal policies across the globe.

The book is organized into three distinct themes. First, the impact of the crisis on fiscal positions and fiscal implications of the measures undertaken to deal with the crisis on the global economy are narrated. Second, cross-country experiences with special emphasis on the euro area economies as well as India are explored. Finally, issues relating to the interaction between monetary, fiscal and financial policies are analysed, with emphasis on public debt management, sovereign debt restructuring, taxation and regulation of the financial sector and sub-national finance. The concluding chapter presents the emerging challenges.

About this title

About the Author:

Y.V. Reddy is Chairman, Fourteenth Finance Commission, Government of India. Narayan Valluri is Adviser, Administrative Staff College of India (ASCI) Hyderabad. Partha Ray is Professor (Economics Group), Indian Institute of Management Calcutta.

About this edition

• Publisher: Oxford University Press
• Publication date: 2014
• ISBN 10: 0199452652
• ISBN 13: 9780199452651
• Binding: Hardcover
• Number of pages: 368