The world economy has been in a crisis mould since 2007. What started as a sub-prime crisis in the residential mortgage market in the US, resulted in a global financial crisis, uneven recovery and persisting uncertainties with new challenges to several areas of public policy. The eruption of the Sovereign debt crisis in some countries in the euro area has led to a setback to the incipient recovery. The emerging markets which appeared somewhat resilient in the ...
The Global Economic Crisis through an Indian Looking Glass is about the onset and unfolding of the global financial crisis and the great recession of 2008–2009, tracing its origin and causes, dimensions and impact, policy responses, lessons and the way forward from an Indian perspective.
A significant feature of the book is the analysis of the four facets of the crisis: (i) genesis, (ii) impact on the world and India, (iii) the response, and (iv) the ...
In conducting monetary policy, a Central Bank primarily tries to influence behaviour of the commercial banks. The response of commercial banks to monetary policy actions is, thus a key element of monetary policy. In view of the resurgence of the credit channel of monetary policy and episodes of credit crunch, world-over the issue has gained currency. Against the backdrop of financial sector reforms in India, this book looks into the theory, stylized facts and ...