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‘India and the Global Financial Crisis’ offers a collection of essays based on the speeches delivered by Reddy during his tenure as Governor of the Reserve Bank of India between September 2003 and September 2008, a period of rapid growth for the Indian economy as well as extraordinary challenges for the conduct of monetary policy. The volume describes India's financial situation in light of the perspectives and policies of the Reserve Bank of India, as well as its response to the financial crises in 2007.
'If America had a central bank chief like Y. V. Reddy, the US economy would not have been in such a mess.' —Joseph E. Stiglitz, Professor of Economics at Columbia University and Nobel Laureate, to NDTV
List of Abbreviations; Acknowledgements; Introduction; Part I. Indian Economy: Review and Prospects; Part II. Financial-Sector Reforms; Part III. Banking-Sector Reforms; Part IV. Monetary Policy in a Globalising World; Part V. Organisation and Communication Policies of the RBI; Part VI. Managing Capital Account Liberalisation; Part VII. Global Financial Imbalances and Crisis; Epilogue: The Global Financial Crisis in India; Select Bibliography; Index