With the unique perspective of a central banker-cum-academician, Rakesh Mohan provides a rare insider view of the development and workings of central banking and the financial sector in India. Unravelling the key to India’s macroeconomic and financial stability in a highly volatile globalized world, the volume covers five broad topics: The Indian economic growth experience since Independence and the role of fiscal and monetary policies in the growth process. Role of the financial sector in fostering overall growth. The functioning of monetary policy, with a focus on managing the impossible trinity. Assessment of the factors and policies leading to the global financial crisis, and lessons for the future. Critical reforms needed for maintaining and accelerating growth.
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