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The Resource The Global Financial Crisis and the Indian Economy

The Global Financial Crisis and the Indian Economy

Label
The Global Financial Crisis and the Indian Economy
Title
The Global Financial Crisis and the Indian Economy
Creator
Subject
Language
eng
Summary
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
Cataloging source
MiAaPQ
Literary form
non fiction
Nature of contents
dictionaries
The Global Financial Crisis and the Indian Economy
Label
The Global Financial Crisis and the Indian Economy
Link
http://libproxy.rpi.edu/login?url=https://ebookcentral.proquest.com/lib/rpi/detail.action?docID=2094755
Publication
Copyright
Related Contributor
Related Location
Related Agents
Related Authorities
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Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
  • Preface -- Contents -- About the Author -- 1 Introduction -- Abstract -- Part I The Systemic Issues of the Global Crisis -- 2 Genesis of the Global Financial Crisis -- Abstract -- 2.1 Introduction -- 2.2 Origin and Manifestation of the Crisis -- 2.2.1 Easy Money Policy and Increase in Risk Appetite -- 2.2.2 International Macroeconomic Imbalances -- 2.2.3 Housing Finance for the Low-Income Households -- 2.2.4 Securitisation-originate-to-distribute Model -- 2.2.5 Role of Financial Engineering -- 2.2.6 Problems in Assessment and Pricing of Risk -- 2.2.7 Governance Failure andor Market Failure -- 2.2.8 Laxity in Supervision and Regulation of Financial Institutions -- 2.2.9 Regulatory Capture -- 2.2.10 Financial Instability Hypothesis -- 2.2.11 The Financial Cycle Hypothesis-A BIS Perspective -- 2.3 Global Impact of the Financial Crisis-A Synoptic View -- 2.4 Concluding Remarks -- References -- 3 Financial Liberalization, Economic Development and Regulation -- Abstract -- 3.1 Introduction -- 3.2 Micro-economic Issues in Regulating a Financial Firm -- 3.3 Indian Experience in Public Ownership of Financial Institutions-A Digression -- 3.4 Financial Development, Liberalization and Economic Growth -- 3.4.1 Financial Liberalization, Rate of Interest and Savings -- 3.4.2 Financial Growth and Economic Development-The Causality -- 3.5 Regulation of Financial Markets -- 3.5.1 How Financial Markets Differ from Commodity Markets -- 3.5.2 Negative Externalities and Financial Regulation -- 3.6 Concluding Remarks -- References -- 4 Towards a New International Monetary System -- Abstract -- 4.1 Introduction -- 4.2 Some Developments in International Finance -- 4.3 US Dollar as De Facto International Currency -- 4.4 SDR as International Reserve Currency -- 4.4.1 SDR in the Post-Crisis Period -- 4.5 Post-Crisis Scenario in International Finance
  • 4.5.1 A Multi-Currency System in a Multi-Polar World -- 4.5.2 Need for Reforms -- 4.5.3 Benefits of Multipolarity -- 4.6 Concluding Remarks -- References -- Part II Global Crisis and Indian Economy -- 5 Monetary Policy Transmission: Cointegration and Vector Error Correction Analysis -- Abstract -- 5.1 Introduction -- 5.2 Transmission of Monetary Policy -- 5.3 Estimation Framework -- 5.3.1 DF-GLS Test for the Presence of a Unit Root -- 5.3.2 KPSS Unit Root Test -- 5.3.3 Cointegration and VECM Framework -- 5.3.3.1 Johansen Procedure for Testing of Cointegration -- 5.3.3.2 Generalized Impulse Responses and Generalized Variance Decompositions -- 5.4 Data and Empirical Model -- 5.5 Empirical Results for the Crisis Period -- 5.5.1 Model A -- 5.5.2 Model B -- 5.5.3 Model C -- 5.6 Empirical Results for the Entire Period -- 5.6.1 Model D -- 5.7 Concluding Observations -- References -- 6 Monetary Policy and Credit Demand During the Crisis -- Abstract -- 6.1 Introduction -- 6.2 Research Questions -- 6.3 Role of Monetary Policy: Open Cum Developing Market Economies -- 6.4 Impact of Changes in Policy Rate on Lending and Deposit Rates -- 6.5 Model Specification, Data and Estimation Methodology -- 6.6 Empirical Results -- 6.7 Conclusions -- References -- 7 Global Financial Crisis and the Indian Stock Market -- Abstract -- 7.1 Introduction -- 7.2 Objective of the Study -- 7.3 Recent Studies: A Review -- 7.4 World Markets in Crisis -- 7.5 Global Integration of Indian Economy -- 7.6 Indian Stocks During the Crisis -- 7.7 Analytics of Stock Pricing in a Financial Crisis-Our Model -- 7.8 Empirical Model -- 7.9 Empirical Results -- 7.10 Summing Up -- References -- 8 Indian Economy Through the Global Crisis -- Abstract -- 8.1 Introduction -- 8.2 Transmission Channels -- 8.3 Immediate Impact of the Crisis on Indian Economy
  • 8.4 Monetary Policy Response to the Global Crisis in India -- 8.4.1 Monetary Policy Measures -- 8.4.1.1 Changes in Policy Rates -- 8.4.1.2 Liquidity Injection Measures -- 8.4.1.3 Exit Policy Measures -- 8.5 Fiscal Policy Response to the Global Crisis in India -- 8.5.1 Union Budget 2008-09-Major Counter Cyclical Fiscal Policy Measures -- 8.5.2 Union Budget 2009-10-Major Counter Cyclical Fiscal Policy Measures -- 8.6 RBI Policy Interventions and Financial Stability -- 8.7 Post-crisis Inflation in India -- 8.7.1 Opening of the Economy and Imported Inflation -- 8.7.2 Policy Perspectives in an Open Economy -- 8.7.3 Is the Recent Inflation Rooted in High Rate of Growth of M1 or M3? -- 8.7.4 Structural Aspects of Current Inflation -- 8.7.5 Inflation, Per Capita Expenditures, Wage Rates and Corporate Wage Bill -- 8.7.6 Trading of Agricultural Commodity Futures -- 8.7.7 Recent Inflation in India-A Summing Up -- 8.8 Globalization, Economic Growth and Employment -- 8.8.1 Survey Data on Unemployment in India -- 8.8.2 Recent Scenario of Employment -- 8.9 Post-Crisis Post-Script -- 8.10 Concluding Remarks -- References -- 9 Conclusions -- Abstract -- 9.1 Part I -- 9.2 Part II -- Index
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Dimensions
unknown
http://library.link/vocab/discovery_link
{'f': 'http://opac.lib.rpi.edu/record=b3746614'}
Extent
1 online resource (147 pages)
Form of item
online
Isbn
9788132223955
Media category
computer
Media MARC source
rdamedia
Media type code
c
Sound
unknown sound
Specific material designation
remote

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