Showing all 4 books
This volume analyses the recent financial upheaval in East Asian countries, long considered model economies, quite immune to such affliction. In tracing the origins of the crisis and explaining different phases, Rakshit re-examines the mainstream theories and policies, and draws some interesting analytical and policy conclusions. With the breakdown of the Bretton Woods system in the early 1970s and increasing integration of global capital markets over the last ...
The focus of the essays in this volume is on the problems and policy concerns emerging in particular sectors. The issues discussed relate to the transition from a situation of credit constraint to one of excess liquidity; the source of fiscal imbalances and the measures for their correction; economic and policy implications of FCI's excess food stocks and the rapid build-up of foreign exchange reserves; the pros and cons of Foreign Institutional Investment ...
This book and its companion volume Money and Finance in the Indian Economy bring together essays written over the last fifteen years by eminent economist Mihir Rakshit. The essays cover practically all major macroeconomic developments in India in the process of transition from a plan to a market-oriented economy. These essays focus on the overall behaviour of the economy, that is, the genesis of and lessons from the 1990-91 payments crisis that led to the ...