Money and Finance in the Indian Economy - Softcover

Rakshit, Mihir

Softcover

ISBN 10: 0198070101 ISBN 13: 9780198070108

Publisher: OUP India, 2011

Synopsis

This volume analyses the diverse and often unexpected financial developments during the last 15 years of the post-reforms period. The essays provide an overview of the challenges faced by monetary and fiscal authorities under the rapidly changing domestic and international economic environment. With a focus on fiscal imbalances; monetary-cum-exchange rate policies, and management of cross-border capital flows, the volume deals with a wide-range of issues:
The transition from a period of credit rationing to a situation of demand constraint in the loan market
Fiscal problems with reference to the rising revenue and fiscal deficits such as debt financing, food subsidy and stock-piling of foodgrains, and fiscal correction measures.
External sector developments and their inter-relationship with other sectors of the macroeconomy.
The contribution of the banking sector towards economic growth and containment of financial volatility.
The volume provides a fruitful analysis of these problems through the identification of inter-sectoral linkages in terms of a coherent macro-theoretic framework.

About this title

About the Author

Mihir Rakshit is Director, Monetary Research Policy, ICRA Limited. Earlier he was Professor, Economic Research Unit, Indian Statistical Institute, Kolkata. He has also held teaching and research assignments at Presidency College, Kolkata, the Delhi School of Economics, and the Erasmus University, Rotterdam, the Netherlands.

Edition details

• Publisher: OUP India
• Publication date: 2011
• Language: English
• ISBN 10: 0198070101
• ISBN 13: 9780198070108
• Binding: Paperback
• Number of pages: 308