Overview

The Global Economic Crisis through an Indian Looking Glass is about the onset and unfolding of the global financial crisis and the great recession of 2008-2009, tracing its origin and causes, dimensions and impact, policy responses, lessons and the way forward from an Indian perspective. A significant feature of the book is the analysis of the four facets of the crisis: (i) genesis, (ii) impact on the world and India, (iii) the response, and (iv) the aftermath. The objective is to capture the specific aspects of the onset of the crisis and the policy responses, with particular emphasis on the sequencing thereof. The authors underscore the gaps in the international financial architecture that allow the recurrence of crises with global ramifications and emphasize the importance of cooperation, coordination and collective action to secure and sustain macroeconomic and financial stability across the globe. The book is a testament to the powerful values of global interconnectedness.

Full Product Details

9788132106517

Table of Contents

Reviews

The fact that the authors have had a first-hand understanding and a ring-side view of Indian policy settings (in different capacities), and at the same time, the living experience of the international efforts to deal with the crises is reflected in their competent and insightful treatment of a most topical theme that continues to draw both heat and light, and animated engagement in the public space. Their effort is distinctive in that it provides an Indian perspective to the subject and fills an important gap in the swelling literature on the global crisis. Dr C Rangarajan, Chairman, Economic Advisory Council to the Prime Minister of India For anyone interested in learning how the recent global financial crisis came about, how it impacted the world and India, and how the latter responded to the challenge posed by it, this book offers a clear and comprehensive one-stop analysis. Professor Arvind Panagariya, Columbia University, USA A large body of literature is already pouring in on the genesis, manifestation, and outcome of the worldwide meltdown, but few have taken the broad international view and combined it with an in-depth study of a large emerging economy. The authors of the book have done it, and done it successfully. Professor V S Vyas, Member, Economic Advisory Council to the Prime Minister of India

The fact that the authors have had a first-hand understanding and a ring-side view of Indian policy settings (in different capacities), and at the same time, the living experience of the international efforts to deal with the crises is reflected in their competent and insightful treatment of a most topical theme that continues to draw both heat and light, and animated engagement in the public space. Their effort is distinctive in that it provides an Indian perspective to the subject and fills an important gap in the swelling literature on the global crisis. Dr C Rangarajan, Chairman, Economic Advisory Council to the Prime Minister of India For anyone interested in learning how the recent global financial crisis came about, how it impacted the world and India, and how the latter responded to the challenge posed by it, this book offers a clear and comprehensive one-stop analysis. Professor Arvind Panagariya, Columbia University, USA A large body of literature is already pouring in on the genesis, manifestation, and outcome of the worldwide meltdown, but few have taken the broad international view and combined it with an in-depth study of a large emerging economy. The authors of the book have done it, and done it successfully. Professor V S Vyas, Member, Economic Advisory Council to the Prime Minister of India The fact that the authors have had a first-hand understanding and a ring-side view of Indian policy settings (in different capacities), and at the same time, the living experience of the international efforts to deal with the crises is reflected in their competent and insightful treatment of a most topical theme that continues to draw both heat and light, and animated engagement in the public space. Their effort is distinctive in that it provides an Indian perspective to the subject and fills an important gap in the swelling literature on the global crisis. Dr C Rangarajan, Chairman, Economic Advisory Council to the Prime Minister of India For anyone interested in learning how the recent global financial crisis came about, how it impacted the world and India, and how the latter responded to the challenge posed by it, this book offers a clear and comprehensive one-stop analysis. Professor Arvind Panagariya, Columbia University, USA A large body of literature is already pouring in on the genesis, manifestation, and outcome of the worldwide meltdown, but few have taken the broad international view and combined it with an in-depth study of a large emerging economy. The authors of the book have done it, and done it successfully. Professor V S Vyas, Member, Economic Advisory Council to the Prime Minister of India

[The book] is notable for its breadth of coverage of issues directly and indirectly...highly informative...a must read for all those interested in the impact of global crisis on India...will be relevant for a long time to come. -- ASCI Journal of Management A large body of literature is already pouring in on the genesis, manifestation, and outcome of the worldwide meltdown, but few have taken the broad international view and combined it with an in-depth study of a large emerging economy. The authors of the book have done it, and done it successfully. -- Professor V S Vyas For anyone interested in learning how the recent global financial crisis came about, how it impacted the world and India, and how the latter responded to the challenge posed by it, this book offers a clear and comprehensive one-stop analysis. -- Arvind Panagariya The fact that the authors have had a first-hand understanding and a ring-side view of Indian policy settings (in different capacities), and at the same time, the living experience of the international efforts to deal with the crises is reflected in their competent and insightful treatment of a most topical theme that continues to draw both heat and light, and animated engagement in the public space. Their effort is distinctive in that it provides an Indian perspective to the subject and fills an important gap in the swelling literature on the global crisis. -- Dr C Rangarajan

Author Information

Adarsh Kishore is Chairman of Axis Bank Ltd. He has held several important positions, such as Principal Finance Secretary to the State Government of Rajasthan, Principal Secretary to the Chief Minister of Rajasthan, and Union Finance Secretary of Government of India. He has also served as Executive Director for Bangladesh, Bhutan, India, and Sri Lanka at the IMF, Washington D.C., USA. He has published several papers in academic journals and books such as Economic Reforms: State–Market Synergy (1996). Michael Debabrata Patra is Senior Adviser to Executive Director for Bangladesh, Bhutan, India, and Sri Lanka at the IMF. He is a career central banker with 25 years of experience in the Reserve Bank of India (RBI) in key policy positions and had held the position of Adviser-in-Charge in the Monetary Policy Department before joining the IMF. He has published in national and international journals. Partha Ray is Professor, Department of Economics at Indian Institute of Management, Kolkata. He was Director, Department of Economic and Policy Research, RBI. He is a career central banker with 20 years of experience in the RBI. During August 2007–April 2011, he was Adviser to Executive Director for Bangladesh, Bhutan, India, and Sri Lanka at the IMF. He has published in national and international journals.

Tab Content 6

Customer Reviews

Recent Reviews

Countries Available