The Hindu : Business : Emphasis on financial integration

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Saturday, May 09, 2009
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Emphasis on financial integration

Special Correspondent

Y. V. Reddy book released

— PHOTO: VIVEK BENDRE

VITAL INSIGHTS: Reserve Bank of India Governor D. Subbarao (right) releases the book, ‘India and global financial crisis: Managing money and finance’, written by former RBI Governor Y. V. Reddy (left) in Mumbai on Friday.

MUMBAI: Reserve Bank of India Governor D. Subbarao on Friday released the book, ‘India and the global financial crisis: Managing money and finance,’ written by former RBI Governor Y. V. Reddy.

In the wake of the ongoing financial crisis, the book provides vital insights into some crucial policies and strategies which had put the Indian economy on a growth trajectory with impressive stability in the recent past.

With a special focus on money, finance and banking, the book also lays emphasis on the financial integration of the Indian and the global economy.

The exhaustive introduction and the epilogue written by Dr. Reddy, further delves into the present day challenges and gives an account of global imbalances, the turmoil in financial markets, and ongoing efforts towards recovery and reform.

Trough this book, Dr. Reddy provides a ring side view of the dynamics of policy making, especially the interaction between the central bank and public policy.

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