Indian Financial Reforms
Uma Kapila (Ed.)
About the Book
The Indian financial sector has seen wide ranging reforms during the last two decades. This edited volume comprising the writings of eminent economists, financial experts including top bankers, brings together at one place the story of India’s financial sector reforms—focusing on the unfinished agenda; the need for next generation of reforms; lessons and new responsibilities for central banks in view of the global financial crisis; the policy challenges arising from the new trilemma, that is, price stability, financial stability and sovereign debt sustainability; implications of Basel III and G-20; and, the issues and challenges pertaining to financial inclusion.
Reviews
“Uma Kapila has brought out a very nice compilation of interesting articles and views that should keep us thinking. This is a superb update on everything one wants to know about the financial sector of India, coming as it is from some of the best minds in this segment”
— The Financial Express
About the Author(s) / Editor(s)
Uma Kapila, PhD, retired as Reader, Department of Economics, Miranda House, University of Delhi. An alumna of Miranda House and Delhi School of Economics, she has taught Indian economy to undergraduate students for 42 years. She has authored/edited numerous books on the subject, including some the most widely acclaimed textbooks on Indian economy. She is also the co-editor (along with Raj Kapila) of the ongoing series Economic Developments in India, a monthly update published by Academic Foundation in the form of a book accompanied by a CD-Rom. Presently, Uma Kapila is Senior Editor, Academic Foundation.
Contributors
Ashok Lahiri
Member, Board of Directors, Asian Development Bank, Constituency Office of Afghanistan, Bangladesh, Bhutan, India, Lao PDR, Tajakistan, Turkmenistan
C. Rangarajan
Chairman, Prime Minister Economic Advisory Council,
Government of India, New Delhi
Y.V. Reddy
Chairman, Fourteenth Finance Commission,
Government of India, New Delhi
Joseph E. Stiglitz
Nobel Laureate (2001), University Professor, Columbia Business School;
The Graduate School of Arts and Science (Department of Economics)
and the School of International and Public Affairs
Duvvuri Subbarao
Governor, Reserve Bank of India, Mumbai
N.A. Mujumdar
Editor, Indian Journal of Agricultural Economics, Mumbai
K.C. Chakrabarty
Deputy Governor, Reserve Bank of India, Mumbai
Deepak Mohanty
Executive Director, Reserve Bank of India, Mumbai
Anand Sinha
Deputy Governor, Reserve Bank of India, Mumbai
H.R. Khan
Deputy Governor, Reserve Bank of India, Mumbai
B. Mahapatra
Executive Director, Reserve Bank of India, Mumbai
Contents in Detail
Acknowledgements
Editor/Contributors
Introduction | Uma Kapila
1. Indian Financial Reforms: National Priorities
Amidst an International Crisis
ASHOK K. LAHIRI
2. Indian Economy: Imperatives for
Second Generation Reforms
K.C. CHAKRABARTY
3. Next Generation Financial Sector Reforms
and Inclusive Growth
N.A. MUJUMDAR
4. The Indian Banking System: Some Issues
C. RANGARAJAN
5. Banking and Beyond: New Challenges before
Indian Financial System
K.C. CHAKRABARTY
6. Global Financial Crisis:
Some Lessons for Central Banks
N.A. MUJUMDAR
7. Society, Economic Policies and the Financial Sector
Y.V. REDDY
8. A Revolution in Monetary Policy:
Lessons in the Wake of the Global Financial Crisis
JOSEPH E. STIGLITZ
9. Price Stability and Financial Stability:
An Emerging Market Perspective
DEEPAK MOHANTY
10. Price Stability, Financial Stability and
Sovereign Debt Sustainability:
Policy Challenges from the New Trilemma
DUVVURI SUBBARAO
11. Crisis Preparedness in Interconnected Markets:
Prevention is Better than Cure
K.C. CHAKRABARTY
12. Financial Stability: 2007 to 2012: Five Years On
ANAND SINHA
13. Implications of Basel III for Capital,
Liquidity and Profitability of Banks
B. MAHAPATRA
14. Basel III in International and Indian Contexts:
Ten Questions We Should Know the Answers For
DUVVURI SUBBARAO
15. G-20 and India
DUVVURI SUBBARAO
16. Money Market and Monetary Operations in India
DEEPAK MOHANTY
17. Musings on Foreign Exchange Dealers Association
of India (FEDAI), Forex Market and Indian Rupee
HARUN R. KHAN
18. Issues and Challenges in Financial Inclusion:
Policies, Partnerships, Processes and Products
HARUN R. KHAN
19. Touching Hearts and Spreading Smile
DUVVURI SUBBARAO
Index
| Publisher | AF Press |
| Publication Date | 2013 |
| Number of Pages | 414 |
| ISBN |
9789332700079 |
Academic Foundation (AF), based in New Delhi, is India’s leading independent publisher of academic/scholarly books in Social Sciences, specialising in Economics—Development Economics and Indian Economy in particular, and allied subjects.
About the Book
The Indian financial sector has seen wide ranging reforms during the last two decades. This edited volume comprising the writings of eminent economists, financial experts including top bankers, brings together at one place the story of India’s financial sector reforms—focusing on the unfinished agenda; the need for next generation of reforms; lessons and new responsibilities for central banks in view of the global financial crisis; the policy challenges arising from the new trilemma, that is, price stability, financial stability and sovereign debt sustainability; implications of Basel III and G-20; and, the issues and challenges pertaining to financial inclusion.
Reviews
“Uma Kapila has brought out a very nice compilation of interesting articles and views that should keep us thinking. This is a superb update on everything one wants to know about the financial sector of India, coming as it is from some of the best minds in this segment”
— The Financial Express
About the Author(s) / Editor(s)
Uma Kapila, PhD, retired as Reader, Department of Economics, Miranda House, University of Delhi. An alumna of Miranda House and Delhi School of Economics, she has taught Indian economy to undergraduate students for 42 years. She has authored/edited numerous books on the subject, including some the most widely acclaimed textbooks on Indian economy. She is also the co-editor (along with Raj Kapila) of the ongoing series Economic Developments in India, a monthly update published by Academic Foundation in the form of a book accompanied by a CD-Rom. Presently, Uma Kapila is Senior Editor, Academic Foundation.
Contributors
Ashok Lahiri
Member, Board of Directors, Asian Development Bank, Constituency Office of Afghanistan, Bangladesh, Bhutan, India, Lao PDR, Tajakistan, Turkmenistan
C. Rangarajan
Chairman, Prime Minister Economic Advisory Council,
Government of India, New Delhi
Y.V. Reddy
Chairman, Fourteenth Finance Commission,
Government of India, New Delhi
Joseph E. Stiglitz
Nobel Laureate (2001), University Professor, Columbia Business School;
The Graduate School of Arts and Science (Department of Economics)
and the School of International and Public Affairs
Duvvuri Subbarao
Governor, Reserve Bank of India, Mumbai
N.A. Mujumdar
Editor, Indian Journal of Agricultural Economics, Mumbai
K.C. Chakrabarty
Deputy Governor, Reserve Bank of India, Mumbai
Deepak Mohanty
Executive Director, Reserve Bank of India, Mumbai
Anand Sinha
Deputy Governor, Reserve Bank of India, Mumbai
H.R. Khan
Deputy Governor, Reserve Bank of India, Mumbai
B. Mahapatra
Executive Director, Reserve Bank of India, Mumbai
Contents in Detail
Acknowledgements
Editor/Contributors
Introduction | Uma Kapila
1. Indian Financial Reforms: National Priorities
Amidst an International Crisis
ASHOK K. LAHIRI
2. Indian Economy: Imperatives for
Second Generation Reforms
K.C. CHAKRABARTY
3. Next Generation Financial Sector Reforms
and Inclusive Growth
N.A. MUJUMDAR
4. The Indian Banking System: Some Issues
C. RANGARAJAN
5. Banking and Beyond: New Challenges before
Indian Financial System
K.C. CHAKRABARTY
6. Global Financial Crisis:
Some Lessons for Central Banks
N.A. MUJUMDAR
7. Society, Economic Policies and the Financial Sector
Y.V. REDDY
8. A Revolution in Monetary Policy:
Lessons in the Wake of the Global Financial Crisis
JOSEPH E. STIGLITZ
9. Price Stability and Financial Stability:
An Emerging Market Perspective
DEEPAK MOHANTY
10. Price Stability, Financial Stability and
Sovereign Debt Sustainability:
Policy Challenges from the New Trilemma
DUVVURI SUBBARAO
11. Crisis Preparedness in Interconnected Markets:
Prevention is Better than Cure
K.C. CHAKRABARTY
12. Financial Stability: 2007 to 2012: Five Years On
ANAND SINHA
13. Implications of Basel III for Capital,
Liquidity and Profitability of Banks
B. MAHAPATRA
14. Basel III in International and Indian Contexts:
Ten Questions We Should Know the Answers For
DUVVURI SUBBARAO
15. G-20 and India
DUVVURI SUBBARAO
16. Money Market and Monetary Operations in India
DEEPAK MOHANTY
17. Musings on Foreign Exchange Dealers Association
of India (FEDAI), Forex Market and Indian Rupee
HARUN R. KHAN
18. Issues and Challenges in Financial Inclusion:
Policies, Partnerships, Processes and Products
HARUN R. KHAN
19. Touching Hearts and Spreading Smile
DUVVURI SUBBARAO
Index
| Publisher | AF Press |
| Publication Date | 2013 |
| Number of Pages | 414 |
| ISBN |
9789332700079 |
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