India: Monetary Policy, Financial Stability and Other Essays

Offering deep insights into a variety of economic problems in India, this volume explores everything from monetary policy and financial stability to economic growth, social development, and globalization. Reflecting the author’s scholarship and experience in policymaking, these remarkable essays argue that maintaining price stability should be the dominant objective of monetary policy and that India should seek to wrest maximum advantages from globalization. Incredibly, the article entitled “Financial Stability,” though written before the current crisis, anticipates many of the issues that are being debated today. A fresh and forward-thinking collection, this book will interest economists, bankers, researchers, and policymakers alike.