{"product_id":"microfinance-in-india-copy","title":"Monetary Governance in Search of New Space","description":"\u003ch2 class=\"d_normalheder\"\u003e\u003cspan\u003eAbout the Book\u003c\/span\u003e\u003c\/h2\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cp\u003eThe book is about the times in which we live. The context is the current global economic and financial crisis, caused by human inter-ventions that were bereft of transparency and commitment to sound market discipline.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003eGovernments and central banks are groping for quick solutions to assuage the growing anger of societies over the rising economic inequalities, unemployment and inflation.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003eThe need of the hour is to set in place good monetary governance. Monetary governance consists essentially of institutional mechanisms and processes required for sound functioning of the tasks that devolve on Governments and central banks.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003eIt focusses on issues relating to the functional area of macroeconomic management. It is distinct from financial governance which deals mainly with portfolio management and asset distribution within the context of the principles and policies laid down by macroeconomic managers.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003eThe book deals with the institutional requirements, the rainbow of interests, the analytics and the international dimensions of monetary governance in detail from the point of view of emerging market economies.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003eVasudevan argues, the way forward from the present state of policy-disarray lies in bestowing focus on accountability, knowledge-centric information and structural reforms as the points of policy pursuit.\u003c\/p\u003e\n\u003cspan class=\"morecontent\"\u003e\u003cspan\u003e\u003c\/span\u003e \u003c\/span\u003e\n\u003c\/div\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/h2\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\u003cspan\u003ePraise for this book\u003c\/span\u003e\u003c\/h2\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cp\u003e\"It is easy to advise countries to improve monetary governance but more difficult to operationalize this concept. What does good monetary governance mean and how can it be achieved? This is the central question the book takes up and then proceeds to answer.\u003c\/p\u003e\n\u003cp\u003e...What the book does is to describe the different models of governance that are being utilized across the world, highlighting their advantages and disadvantages. These descriptions are very valuable and could be used to design an appropriate monetary and financial governance structure that suits a particular country. I expect the book to be read by academics working in the area of monetary  policy and financial regulations, as well as by policymakers. \"\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eMohsin S. Khan\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003e \u003cbr\u003eSenior Fellow,\u003cbr\u003ePeterson Institute for International Economics, \u003cbr\u003eWashington DC \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\"...a valuable contribution to a topic in the field of monetary theory that is scantly articulated in the literature, which only a professional researcher\/ economist and a master of the subject such as Vasudevan, will venture to undertake. ...I enjoyed the intellectual wizardry of the author and I recommend the book as a must read for all central bankers, academics, public analysts and post graduate students of monetary and development economics.\" (Excerpted from the Foreword to the volume)\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eSanusi Lamido Sanusi\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003e(CON)\u003cbr\u003eGovernor, Central Bank of Nigeria \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\"Dr. Vasudevan's book is original in design, path breaking in coverage and scholarly in content, with great clarity in exposition of a subject of immense contemporary significance.  It is an outstanding exposition of complex theory and practice of money and banking in the light of the global crisis, focusing on emerging important governance issues.  It provides comprehensive but precise analysis of emerging challenges for governance of central banking in all its dimensions consequent upon the global financial crisis: a valuable guide to academics and policy circles.  The book reflects Dr. Vasudevan's mastery over theory, an enviable experience and acknowledged expertise in public policy, both at national levels across countries, and international bodies.\"\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eY. Venugopal Reddy\u003c\/strong\u003e\u003cbr\u003eEmeritus Professor, University of Hyderabad; \u003cbr\u003eFormer Governor, Reserve Bank of India\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\"Dr. Vasudevan's research on monetary governance offers an original, fresh and intellectually stimulating perspective on a subject of contemporary relevance.  Written in a lucid style, the book reflects a rare blend of academic brilliance and wide spectrum synthesis  of the literature but with the practical and utilitarian mindset of a policy maker. In the days to come, the book is going to offer a wholesome yet sumptuous food for thought to a wide variety of readers including policy makers and academia alike.\"\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003ePartha Ray\u003c\/strong\u003e\u003cbr\u003eProfessor, IIM Calcutta, Joka, Kolkata\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\"As the effects of the financial crisis of 2008 con-tinue to be felt all over the world, and questions    are being raised about the adequacy of monetary governance, this short book offers a most insightful look into the arcane universe of monetary institu-tions and is bound to be useful to the lay person and highly qualified policymaker alike. Each page shows the long experience of the author at national and international levels, and together, the book provides an in-depth discussion of the roles of the agencies involved, their tasks and instruments, and more important, the track record of achievements and limitations.\"\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eA. Premchand\u003cspan\u003e \u003c\/span\u003e\u003c\/strong\u003e \u003cbr\u003eRetired Assistant Director, IMF\u003c\/p\u003e\n\u003cspan class=\"morecontent\"\u003e\u003cspan\u003e\u003c\/span\u003e \u003c\/span\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"more\"\u003e\u003cspan class=\"morecontent\"\u003e\u003c\/span\u003e\u003c\/div\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\u003cspan\u003eAbout the Author(s) \/ Editor(s)\u003c\/span\u003e\u003c\/h2\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cp\u003e\u003cstrong\u003eAsuri  Vasudevan\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003e is currently Special Adviser to the Governor, Central Bank of Nigeria on Monetary Policy \u0026amp; Opera-tions. Prior to holding this position, he was on a 3-year IMF assignment (2006-2009) at the same Bank.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003eHis major previously-held positions were: Executive Director, Reserve Bank of India (1996-2000) and Adviser to the Executive Director for India at the International Monetary Fund, Washington DC (1984-1989).\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003eHe was member of India delegations to the IMF-WB meetings between 1984 and 1989 and 1993-2000. He was member of the two Task Forces relating to International Standards and Codes of the erstwhile Financial Stability Forum at BIS, Basle.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003eHis book, Central Banking for Emerging Market Economies (Academic Foundation, 2003), has received acclaim as an important contribution to understanding of modern central banking.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003eHis previous books were on deficit financing (based on PhD thesis) and strategy of development planning. He has edited books on external debt and money and banking, and has several articles on monetary and development policy issues.\u003c\/p\u003e\n\u003cspan class=\"morecontent\"\u003e\u003cspan\u003e\u003c\/span\u003e \u003c\/span\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"more\"\u003e\u003cspan class=\"morecontent\"\u003e\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv class=\"glossymenu\"\u003e\n\u003ch2 class=\"p1\"\u003eContents in Detail\u003c\/h2\u003e\n\u003cp class=\"p1\"\u003e \u003ci\u003eForeword\u003c\/i\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cbr\u003e\u003ci\u003eLogging In\u003c\/i\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cbr\u003e\u003ci\u003eBlog-logue (With Apologies to Bloggers and Prologue Lovers)\u003c\/i\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e1.\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eThe Meaning and Content\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e2.\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eThe Institutional Requirements for Monetary Governance\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e3.\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eThe Rainbow of Interests\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e4.\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eThe Analytics and Communications\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e5.\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eThe International Dimension\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e6.\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eLogging Off to Move Forward\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003ci\u003eReferences\u003c\/i\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cbr\u003e\u003ci\u003eIndex\u003c\/i\u003e\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"glossymenu\"\u003e\n\u003cdiv class=\"submenu\"\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cp\u003e\u003cspan style=\"font-family: -apple-system, BlinkMacSystemFont, 'San Francisco', 'Segoe UI', Roboto, 'Helvetica Neue', sans-serif; font-size: 0.875rem;\"\u003e \u003c\/span\u003e\u003cbr\u003e\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003ctable style=\"width: 100.707%; height: 85px;\" width=\"100%\"\u003e\n\u003ctbody\u003e\n\u003ctr style=\"height: 21.25px;\"\u003e\n\u003ctd style=\"width: 51.5957%; height: 21.25px;\"\u003ePublisher\u003c\/td\u003e\n\u003ctd style=\"width: 48.0496%; height: 21.25px;\"\u003eAF Press\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 21.25px;\"\u003e\n\u003ctd style=\"width: 51.5957%; height: 21.25px;\"\u003ePublication Date\u003c\/td\u003e\n\u003ctd style=\"width: 48.0496%; height: 21.25px;\"\u003e2012\u003cmeta charset=\"utf-8\"\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 21.25px;\"\u003e\n\u003ctd style=\"width: 51.5957%; height: 21.25px;\"\u003eNumber of Pages\u003c\/td\u003e\n\u003ctd style=\"width: 48.0496%; height: 21.25px;\"\u003e128\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 21.25px;\"\u003e\n\u003ctd style=\"width: 51.5957%; height: 21.25px;\"\u003eISBN\u003c\/td\u003e\n\u003ctd style=\"width: 48.0496%; height: 21.25px;\"\u003e\n\u003cmeta charset=\"utf-8\"\u003e\n\u003cmeta charset=\"utf-8\"\u003e\n\u003cspan\u003e9788171889297\u003c\/span\u003e\u003cbr\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e","brand":"A. Vasudevan","offers":[{"title":"Hardcover \/ ENG- English \/ Indian Goverment \u0026 Legal Framework","offer_id":51561820356929,"sku":null,"price":695.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0938\/9067\/5009\/files\/9788171889297-web-305-Monet.jpg?v=1775108187","url":"https:\/\/www.academicfoundation.com\/products\/microfinance-in-india-copy","provider":"Academic Foundation | AF Press","version":"1.0","type":"link"}