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The book is a collection of lectures that endeavour to narrate the evolution of thinking and explain the processes involved in managing change from a relatively closed and repressed to a more open economy and liberalized financial sector. The book presents a practitioner’s views on how the transition from a highly regulated to a market-oriented situation can be optimally managed through consensus-building and doption of a flexible approach in poligy-making both ...
This book focuses on the essential aspects of monetary and financial sector reforms in India, delineating the broad framework in which such reforms were undertaken. The author, a reputed central banker, brings to bear his vast and varied experience to throw light on various vital topics such as monetary policy issues; financial and banking sector reforms; external sector issues; financial markets; and fiscal issues. The East Asian crisis, its consequences and the ...