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This volume is a collection of papers covering issues related to macroeconomic policy, banking and international finance, monetary policy and financial sector reforms. The papers capture the shifts in thinking, debates and consensus on issues critical to the design and implementation of economic reforms. They provide valuable insights into the role of financial markets, monetary-fiscal policies and the international financial system in the transformation of ...
During the past few years there has been an animated debate on the need for second generation financial reforms. It is recognised that without a broad consensus there would be an attenuating of reforms and, in this context, there is a need for a much wider appreciation of the subject. The media provides a powerful channel of communication with a wide readership and S.S. Tarapore, who was the Deputy Governor of the Reserve Bank of India, has been writing a weekly ...
After 35 years in central banking, S.S. Tarapore, for the past four years, has turned to writing a weekly column on economic and financial matters. Through his weekly columns, which are avidly read in the financial sector, the author has widened the outreach of the debate which hitherto had been restricted to those familiar with the esoterics of finance. Complex issues, free from jargon, are discussed, contributing to a wider and better understanding of these ...