ENGLISH

The Global Financial Crisis and the Indian Economy

By B. L. Pandit (auth.)

Book information

Publisher
Springer India
Year
2015
ISBN
978-81-322-2394-8, 978-81-322-2395-5
DOI
10.1007/978-81-322-2395-5
Language
english
Format
PDF
Filesize
3 MB (3000510 bytes)
Edition
1
Pages
142\147
Time added
2015-07-18 18:00:00
generalMacroeconomics/Monetary Economics//Financial Econo

Description

After tracing the causes of the global financial crisis, the book focuses on two fundamental systemic issues connected with its manifestation: financial-sector regulation and the problem of the dollar-centric international monetary system, both of which have been widely cited among the important factors leading to the 2008 financial crisis. The important analytical question of monetary policy transmission during the crisis is discussed in depth with the help of appropriate econometric models. The effectiveness of India’s monetary policy during the crisis is examined by specifying an econometric model, and the impact of the crisis on the Indian stock market is modelled on the basis of risk-enhancing and risk-mitigating features. In closing, the impact of the crisis on real sectors of the Indian economy is analysed in detail.

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