Testimonials of Tumultuous Times
Gebonden Engels 2025 1e druk 9781041012467Samenvatting
This collection of speeches delivered by Michael Debabrata Patra, Deputy Governor of the Reserve Bank of India (RBI), captures the dilemmas and trepidations of conducting monetary policy in India. The book covers a wide range of themes critical to central bankers and public policy, while chronicling the journey of the Indian financial system from fragility to resilience.
Spread out over five years, these speeches mark a response to the multiple shocks that have impacted the Indian economy since 2020: the COVID-19 pandemic, the Russia-Ukraine war, and the aggressive monetary tightening by advanced economy central banks. It illustrates how India has positioned itself as a leader in many international endeavours and offers a futuristic assessment of two major developments with the potential to reshape humanity: climate change and the advent of the digital revolution and new technologies. The book thus enables readers to explore the complexities of monetary policy in a real-world context, understanding the rationale behind key decisions that have shaped India’s economic trajectory.
Essential reading for postgraduate courses on the Indian economy and monetary policy, this book will be useful to students, economists, policymakers, financial market participants, and historians.
Specificaties
Lezersrecensies
Inhoudsopgave
Introduction 1
PART I
Prospects for the Indian Economy 9
1 Financing India’s Aspirations 11
2 The Indian Economy: Opportunities and Challenges 19
3 The Dawn of India’s Age 25
4 INDIA@75 33
PART II
Monetary Policy in India 41
5 Communicating Monetary Policy 43
6 Recalibrating from Divergence to Convergence: The Indian Experience 49
7 Assessing Inflation Targeting 57
8 Geopolitical Spillovers and the Indian Economy 64
9 Future Readying India’s Monetary Policy 72
10 The Lighter Side of Making Monetary Policy 80
11 Lost in Transmission? Financial Markets and Monetary Policy 89
12 Taper 2022: Touchdown in Turbulence 98
13 The RBI’s Pandemic Response: Stepping out of Oblivion 106
14 Financial Inclusion Empowers Monetary Policy 115
15 Monetary Policy: Trial by Pandemic 122
16 Statistics Shape the Setting of Monetary Policy 129
PART III
Financial Stability 137
17 Navigating Emerging Challenges for Deposit Insurers and Fortifying Crisis Preparedness 139
18 New Vistas in Deposit Insurance in India 145
19 India’s Financial Sector: From Exuberance to Resilience 150
20 Fifty Years of Indian Banking Through the Lens of the Basic Statistical Return 157
PART IV
International Dimensions 161
21 The Relevance of SEACEN in a Turbulent World 163
22 Productivity: The Promise of Progress 170
23 Dynamics of Inflation in South Asia 177
24 Growth and Development in the BRICS Economies: From Acronym to Global Economic Powerhouse 183
PART V
New Vistas in Central Banking 193
25 New Frontiers in Economic Research 195
26 Unlocking New Growth Frontiers in the Digital Age 201
27 Harnessing Digital Technologies in Central Banks: Opportunities and Challenges 208
28 Towards A Greener, Cleaner India 214
Rubrieken
- advisering
- algemeen management
- coaching en trainen
- communicatie en media
- economie
- financieel management
- inkoop en logistiek
- internet en social media
- it-management / ict
- juridisch
- leiderschap
- marketing
- mens en maatschappij
- non-profit
- ondernemen
- organisatiekunde
- personal finance
- personeelsmanagement
- persoonlijke effectiviteit
- projectmanagement
- psychologie
- reclame en verkoop
- strategisch management
- verandermanagement
- werk en loopbaan