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Quest for Restoring Financial Stability in India

 
Viral V. Acharya (Author) Y.V. Reddy (Foroward)
Synopsis

Beyond the headline-grabbing issues, the Indian economy is struggling to solve a critical problem: How to restore and maintain financial stability on a durable basis. In this book titled, Quest for Restoring Financial Stability in India, Former Deputy Governor of RBI, Dr. Viral V. Acharya, talks about his quest for restoring financial stability in India and offers a concrete plan for sustained improvement. Dr Acharya shares a feasible plan to address the recapitalization needs of public sector banks, offering solutions on how to improve credit allocation by credit intermediaries and establish viable and efficient capital markets. Elucidating the need-of-the-hour reforms, this book also raises several stark and unanswered questions related to the re-emergence of fiscal dominance in India, not just of monetary policy tools but also of banking regulations. It makes a persuasive case for striking the right balance between the government, centralbank, private sector and markets, in order to improve long-run growth prospects for the real economy.

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Bibliographic information

Title Quest for Restoring Financial Stability in India
Format Hardcover
Date published: 11.11.2020
Edition 1st ed.
Language: English
isbn 9789353884895
length lv+330p., Illustrations., (Black and White); 22cm.
Subjects History