Summary |
The collection of articles in this book provides insights into the effects of global economic crisis between the years 2007 and 2009, a period of worst affected of the Indian economy as well as extraordinary challenges for the conduct of monetary policy. Ever since the financial crisis erupted in the USA in 2007 and spread to the rest of the world, there has been an interest in India’s management of a financial sector that has facilitated growth and has yet maintained stability.
What contributed to this situation? What was the government’s perspective and what were its policies? 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 term.
This collection of articles also gives a close view of the dynamics that are played out behind the scenes. It provides an account of the events that led to the global financial crisis, and Indian approach to meeting the challenges of contagion from the turmoil.
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