Monetary Policy in a Globalized Economy

by Rakesh Mohan

Reforms in India have had a longer trajectory than in many other countries, moving from a controlled and repressed financial sector through the 1970s and 1980s to the overarching economic reforms initiated in December 1991. Over the past decade, interest in the conduct of monetary policy and
in the regulation and supervision of the financial sector has attracted global attention. These essays written over the last two decades provide valuable insights into the framing of monetary policy and its evolution in India. They focus on the evolution of banking and finance, the framing of
monetary policy, and the role of central banking. Written by a leading macro policy adviser and central banker, this collection is especially relevant in today's environment of financial turbulence in global financial markets.

328 pages, Hardcover

First published January 1, 2009

Reviews

[Amrendra Pandey]

The book needs update with the changed macro economic dynamics