Offering deep insights into a variety of economic problems in India, this volume explores everything from monetary policy and financial stability to economic growth, social development, and globalization. Reflecting the author’s scholarship and experience in policymaking, these remarkable essays argue that maintaining price stability should be the dominant objective of monetary policy and that India should seek to wrest maximum advantages from globalization. Incredibly, the article entitled “Financial Stability,” though written before the current crisis, anticipates many of the issues that are being debated today. A fresh and forward-thinking collection, this book will interest economists, bankers, researchers, and policymakers alike.
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About the Author
C. Rangarajan is the chairman of the Economic Advisory Council to the Prime Minister of India. He is the author of Indian Economy: Essays on Money and Finance; Perspectives on Indian Economy: A Collection of Essays; and Structural Reforms in Industry, Banking and Finance. He is the recipient of the Business Man of the Year Award, the Finance Man of the Decade Award, the Financial Express Award for Economics, and the Wharton-Indian Alumni Award for Outstanding Leadership.