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Who Moved My Interest Rate: Leading the Reserve Bank of India Through Five Turbulent Years

Duvvuri Subbarao (Author)

Duvvuri Subbarao s term as the governor of the Reserve Bank of India from 2008 to 2013 was by all accounts an unusually turbulent period for the world and for India. The global financial crisis erupted within a week of his assuming office. Who Moved My Interest Rate is an insider s account of the dilemmas and quandaries Subbarao confronted while leading the Reserve Bank through these extraordinary economic and political challenges. Subbarao s five years at the Reserve Bank also marked an intellectually vigorous period for central banking around the world. Not only did the global financial crisis test the policy force of central banks, but it also raised several questions about the breadth of their mandates and the limitations of their autonomy and accountability. While much of the existing debate is set in the advanced economy context, Who Moved My Interest Rate places these issues squarely in an Indian and emerging market perspective. This is also a compelling chronicle of Subbarao s attempts to demystify the Reserve Bank and explain to the public its impact on their everyday lives. Honest, authoritative and deeply insightful, this book enhances our understanding of what is, arguably, one of India s most trusted institutions.

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About the author

Duvvuri Subbarao

Duvvuri Subbarao served as governor of the Reserve Bank of India for five years (2008-13). Prior to that, he was finance secretary to the Government of India (2007 08), and secretary to the prime minister s Economic Advisory Council (2005 07). Topping the civil services examination in 1972, he joined the Indian Administrative Service. In a career spanning thirty-five years, he was actively involved in implementing financial sector reforms at all levels. He is currently a Distinguished Visiting Fellow at the National University of Singapore.

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Bibliographic information

Title Who Moved My Interest Rate: Leading the Reserve Bank of India Through Five Turbulent Years
Format Hardcover
Date published: 10.08.2016
Edition 1st. ed.
Language: English
isbn 9780670088928
length xxv+323p., 8 Pages of Plates; Illustrations; Colour; 24cm.
Subjects Biography