1st Edition

Macroeconomics and Markets in India Good Luck or Good Policy?

Edited By Ashima Goyal Copyright 2012
184 Pages
by Routledge

184 Pages
by Routledge

184 Pages
by Routledge

India was one of the better performers after the global financial crisis, and has done well despite opening out in a period of great international volatility. This book asks if this was due to luck or to good management. How much did macroeconomic policy contribute and did it do as much as it could have, on a reform path that was not standard? Are there any lessons from the Indian experience for... Read more

1. Introduction: Good Luck or Good Policy? Ashima Goyal

2. Macro-economic Management of the Indian Economy: Capital Flows, Interest Rates and Inflation Arvind Virmani

3. Capital Account Liberalization and Conduct of Monetary Policy: The Indian Experience Rakesh Mohan

4. Coming of Age - A Comparative Study of Emerging FX Markets Jamal Mecklai and Anis Shiekh 

5. Indian Financial Institutions: Healthy Amid Global Crises Shyamala Gopinath

6. Learning from Crises Usha Thorat

7. The Coming Unwinding of Global Imbalances and What it Means for India Vivekanand Jayakumar

8. Volatility in Interest Rates: Its Impact and Management V. Shunmugam and Danish A. Hashim

9. Exchange Traded Currency Derivatives Markets in India: The Road Ahead Ranjan Chakravarty and D.G. Praveen

10. Spread, Volatility and Monetary Policy: Empirical Evidence from the Indian Overnight Money Market Saurabh Ghosh and Indranil Bhattacharya 

11. Precautionary and Mercantilist Approaches to Demand for International Reserves: An Empirical Investigation in the Indian Context K.P. Prabheesh, D. Malathy and R. Madhumati 

12. India’s Fiscal and Monetary Framework: Growth in an Opening Economy Ashima Goyal

Biography

Ashima Goyal is Professor at the Indira Gandhi Institute of Development Research, Mumbai, India. She has numerous research and policy publications, is editor of a Routledge journal in her research areas of Macroeconomics and International Finance and has received many fellowships, national and international awards. She is active in the Indian public debate, and has served on several boards and policy committees.