Summary |
Y.V. Reddy, currently professor emeritus at the University of Hyderabad, was governor of reserve bank of India between September 2003 and September 2008, a period of rapid growth of the Indian economy as well as extraordinary challenges for the conduct of monetary policy. He has earned universal acclaim for managing, as governor, India’s calibrated financial integration with the global economy.
This collection of essays provides insights into the making of public policies across a spectrum of areas during those years and gives a close view of the dynamics that are played out behind the scenes.
This volume attempts to answer these questions. It also provides a comprehensive account of the events that led to the global financial crisis, the policy responses, the directions for future reforms and an Indian approach to meeting the challenges of contagion from the turmoil.
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