This volume provides a comprehensive review of the evolution of banking and finance in India. Analyzing monetary and financial aspects of India's reform, the essays cover a wide range of topical issues-management of the financial sector, the role of central banking, and the impact of the global financial crisis on the Indian economy.
Financial stability had eluded most nations after a significant opening up of their economies. India has, however, been an exception to this phenomenon. This has evinced considerable interest in the management of financial sector and conduct of monetary policy in India.Reviewing the working of monetary and financial systems, the essays in this volume unravel the complexities behind the transformation of monetary policy that has helped sustain India''s growth miracle.
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