Reorienting India's financial system

By:

MOORTHY, VIVEK

Material type:

Mixed materialsPublication details: 2013Description: 85-94Subject(s):

FINANCE

NLM classification:

In: MANAGEMENT REVIEWMSummary: Confronted by a slowing economy, the reserve Bank of India has undertaken steps to revive it. These measures, however, run the risk of worsening current high levels of inflation. This paper examines certain aspects of India's financial system thathave contributed to his situation. It argues that unduly low yields on governement bonds have prevented a healthy financial system from developing, with adverse impact upon infation and other macroeconomic outcomes.

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Item type	Current library	Call number	Vol info	Status	Date due	Barcode
Periodicals/Magazines	SSCBS Library		24/2	Available		P14792

Confronted by a slowing economy, the reserve Bank of India has undertaken steps to revive it. These measures, however, run the risk of worsening current high levels of inflation. This paper examines certain aspects of India's financial system thathave contributed to his situation. It argues that unduly low yields on governement bonds have prevented a healthy financial system from developing, with adverse impact upon infation and other macroeconomic outcomes.

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