Download or read book From Reserve Bank to Finance Ministry and Beyond written by M. Narasimham and published by UBS Publishers' Distributors. This book was released on 2002 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Author Has Spent Over 3 Decades In Financial Administration, Covering Aspects Such As Banking - Macro-Economic Management And India`S External Relations - 8 Chapters - Starting From Early Years - In The Reserve Bank Of India - With The Ministry Of Finance - Washington Years - Back To Delhi - At Asc? - Asian Development Bank - Postscript - Index.

Download or read book Lords of Finance written by Liaquat Ahamed and published by Random House. This book was released on 2010 with total page 578 pages. Available in PDF, EPUB and Kindle. Book excerpt: THIS HAS HAPPENED BEFORE. The current financial crisis has only one parallel: the Wall Street Crash of 1929 and subsequent Great Depression of the 1930s, which crippled the future of an entire generation and set the stage for the horrors of the Second World War. Yet the economic meltdown could have been avoided, had it not been for the decisions taken by a small number of central bankers. In Lords of Finance, we meet these men, the four bankers who truly broke the world: the enigmatic Norman Montagu of the bank of England, Benjamin Strong of the NY Federal Reserve, the arrogant yet brilliant Hjalmar Schacht of the Reichsbanlk and the xenophobic Emile Moreau of the Banque de France. Their names were lost to history, their lives and actions forgotten, until now. Liaquat Ahamed tells their story in vivid and gripping detail, in a timely and arresting reminder that individuals - their ambitions, limitations and human nature - lie at the very heart of global catastrophe.

Download or read book India s Finance Ministers written by A.K. Bhattacharya and published by Penguin Random House India Private Limited. This book was released on 2024-02-07 with total page 630 pages. Available in PDF, EPUB and Kindle. Book excerpt: India’s Finance Ministers: Stumbling into Reforms (From 1977 to 1998) is the second volume in the series of books on some of India’s unforgettable finance ministers. Analysing the role of India's finance ministers who managed India’s economy during one of its worst phases (post Emergency to the late 1990s), the book highlights the lasting impact they left on India's political economy. This volume also provides a fascinating account of India's economic history offering an incisive view of the key events in India's journey from an closed, agrarian economy to a liberal economy. Critically examining the decision making of the finance ministers , the book provides interesting insights into the relations between them and their prime ministers and to what extent these relations influenced their decisions. Full of exciting stories, this is the ultimate work on the critical role finance minister plays in the functioning of an economy.

Download or read book The Federal Reserve System Purposes and Functions written by Board of Governors of the Federal Reserve System and published by . This book was released on 2002 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.

Download or read book Who Moved My Interest Rate written by Duvvuri Subbarao and published by Penguin UK. This book was released on 2017-07-24 with total page 347 pages. Available in PDF, EPUB and Kindle. Book excerpt: An insider's view of the Reserve Bank of India Duvvuri Subbarao's term as the governor of the Reserve Bank of India from 2008 to 2013 was an unusually turbulent period. The global financial crisis erupted; India was in the throes of a decade-high, stubborn inflation rate, followed by a sharp depreciation of the rupee. This was also a time when questions about the breadth of the RBI's mandate, autonomy and accountability became subjects of debate in financial circles and in the media at large. Who Moved My Interest Rate is an authoritative account of the dilemmas and quandaries he confronted while leading the Reserve Bank through these extraordinary economic and political challenges.

Download or read book The Emergence of the Modern Central Bank and Global Cooperation written by Barry Eichengreen and published by Cambridge University Press. This book was released on 2023-10-31 with total page 443 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides new analysis of the spread of central banking beyond Western Europe and North America in the 1920s and 1930s.

Download or read book Quest for Restoring Financial Stability in India written by Viral V. Acharya and published by Penguin Random House India Private Limited. This book was released on 2023-08-28 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: An excellent primer for students wanting to learn macroeconomics and policymaking - Kaushik Basu An important and timely contribution to our understanding of the Indian economy - Raghuram Rajan How to maintain financial stability in India? Quest for Restoring Financial Stability in India is a classic work to understand this critical subject. In this Penguin edition, with a new introduction, Viral V. Acharya, former Deputy Governor of RBI offers a concrete road map for comprehensive improvement of India's economy. Authoritative and definitive, this is a must read for the students and scholars of Indian economy, policymakers and anyone interested in India's finance sector.

Download or read book Keeping At It written by Paul A Volcker and published by PublicAffairs. This book was released on 2018-10-30 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: The extraordinary life story of the former chairman of the Federal Reserve, whose absolute integrity provides the inspiration we need as our constitutional system and political tradition are being tested to the breaking point. As chairman of the Federal Reserve (1979-1987), Paul Volcker slayed the inflation dragon that was consuming the American economy and restored the world's faith in central bankers. That extraordinary feat was just one pivotal episode in a decades-long career serving six presidents. Told with wit, humor, and down-to-earth erudition, the narrative of Volcker's career illuminates the changes that have taken place in American life, government, and the economy since World War II. He vibrantly illustrates the crises he managed alongside the world's leading politicians, central bankers, and financiers. Yet he first found his model for competent and ethical governance in his father, the town manager of Teaneck, NJ, who instilled Volcker's dedication to absolute integrity and his "three verities" of stable prices, sound finance, and good government.

Download or read book Regulation and Supervision of Financial Institutions in the NAFTA Countries and Beyond written by George M. von Furstenberg and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the North American Free Trade Agreement (NAFTA) took effect at the start of 1994, production and trade in goods and services have become ever more integrated in the region. Banking and financial systems thus also must increasingly inform, adjudicate, transact, invest, insure, and intermedi ate all across North America. Presently, however, there is no single, or up to-date source of information on the banking and finance systems of the current NAFTA countries-Canada, the United States, and Mexico. Relying on top specialists from international financial organizations, central banks, regulatory authorities, and universities, this and a companion volume together bridge that information gap. The focus is not just on description but on regulatory and institution-building challenges posed by the opening up of domestic financial markets, and on the political economy of reforms. The ultimate goal is to enhance the process of safe and efficient integration by policies, regulations, and private initiatives that contribute to the welfare of people in North America and beyond. This volume goes into essential detail in assessing banking and finance regulations, supervision, and prudential and operating standards in the NAFTA countries in a global context.

Download or read book Beyond the Enclave written by Godfrey Kanyenze and published by African Books Collective. This book was released on 2011 with total page 548 pages. Available in PDF, EPUB and Kindle. Book excerpt: Beyond the Enclave sets out to unravel the contradiction of a country, Zimbabwe, where a rich, diverse resource base co-exists with endemic poverty. One reason lies in the colonial economy, which was predicated on an ideology of white supremacy, creating an enclave formal economy employing one-fifth of the labour force. Yet over three decades after independence, the non-formal segment has become even more entrenched. This book assesses Zimbabwe's economy through three main phases: 1980- 0 when a strong social policy framework proved difficult to sustain due to erratic growth, and 1991- 6, when "structural adjustment" demanded a market-driven approach to development. The third phase is characterized by crisis-management leading to policy inconsistencies and reversals. Not surprisingly, such incoherence saw the economy descend into hyperinflation and paralysis in 2007- 8, leading to the signing of the Global Political Agreement in September 2008. In the absence of formal dollarization, economic recovery after the adoption of the multi-currency regime has remained fragile, leaving an estimated 70 per cent of the population outside the banking system. This has further entrenched uneven (enclave) growth as the economy remains locked in a low-income poverty trap. There is a need to facilitate transition towards formality to promote decent jobs. Furthermore, a strategic, developmental role for the state in the economy is now widely recognized as vital for development. Beyond the Enclave argues for a new approach to development in Zimbabwe based on pro-poor and inclusive strategies, which will contribute to the well-being of all of its citizens and wise stewardship of its resources. It offers suggestions on policy formulation, implementation, monitoring and evaluation in all sectors, designed to promote inclusive growth and humane development.

Download or read book Planning in the 20th Century and Beyond written by Santosh Mehrotra and published by Cambridge University Press. This book was released on 2020-10-29 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Planning Commission played a crucial role in the type of development that India followed after independence. However, even though most economic analyses of India mention the five-year plans, the Planning Commission as an institution remains little studied. This is why this book proposes to look backward, examining the history of the idea of planning and the history and experience of planning in India. It also looks forward, trying to evaluate, beyond ideologies, which role the practice of planning has and should have in contemporary India. It then proposes that the NITI Aayog, the think tank founded on 1st January 2015 after the demise of the Planning Commission, could learn from this experience. This book addresses three leading questions: why plan economic development? How to plan? And what exactly can/should be planned? These questions are interrelated and the contributors of this volume, each with their own focus, propose elements of replies.

Download or read book Tumultuous Times written by Masaaki Shirakawa and published by Yale University Press. This book was released on 2021 with total page 534 pages. Available in PDF, EPUB and Kindle. Book excerpt: A rare insider's account of the inner workings of the Japanese economy, and the Bank of Japan's monetary policy, by a career central banker The Japanese economy, once the envy of the world for its dynamism and growth, lost its shine after a financial bubble burst in early 1990s and slumped further during the Global Financial Crisis in 2008. It suffered even more damage in 2011, when a severe earthquake set off the Fukushima Daiichi nuclear disaster. However, the Bank of Japan soldiered on to combat low inflation, low growth, and low interest rates, and in many ways it served as a laboratory for actions taken by central banks in other parts of the world. Masaaki Shirakawa, who led the bank as governor from 2008 to 2013, provides a rare insider's account of the workings of Japanese economic and monetary policy during this period and how it challenged mainstream economic thinking.

Download or read book Bank Quest written by and published by . This book was released on 2003 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Political Economy of Upgrading Regimes Brazil and beyond written by Michael Schedelik and published by Springer Nature. This book was released on 2023-06-20 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: Today’s middle-income countries tend to be locked in a middle-income trap, unable to transition to higher income levels due to rising costs and declining competitiveness. While there is a broad consensus that upgrading these economies towards innovation-led growth is imperative, countless institutional and political economy obstacles remain. This book brings together analytical perspectives from comparative political economy, innovation studies, and development economics for the study of technological upgrading. Its distinctive contribution is the development of an innovative theoretical framework, named upgrading regimes, combining and extending the comparative capitalism and innovation system perspectives. It explores the usefulness of this approach by providing an indepth assessment of the political economy of upgrading in Brazil under the Workers’ Party governments. As the politics of technological upgrading will be one of the crucial research areas in the years to come, this book promises to become a key reference point in this debate.

Download or read book Beyond the World Bank Agenda written by Howard Stein and published by University of Chicago Press. This book was released on 2008-09-15 with total page 353 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite massive investment of money and research aimed at ameliorating third-world poverty, the development strategies of the international financial institutions over the past few decades have been a profound failure. Under the tutelage of the World Bank, developing countries have experienced lower growth and rising inequality compared to previous periods. In Beyond the World Bank Agenda, Howard Stein argues that the controversial institution is plagued by a myopic, neoclassical mindset that wrongly focuses on individual rationality and downplays the social and political contexts that can either facilitate or impede development. Drawing on the examples of Africa, Asia, Latin America, and transitional European economies, this revolutionary volume proposes an alternative vision of institutional development with chapter-length applications to finance, state formation, and health care to provide a holistic, contextualized solution to the problems of developing nations. Beyond the World Bank Agenda will be essential reading for anyone concerned with forging a new strategy for sustainable development.

Download or read book America s Bank written by Roger Lowenstein and published by National Geographic Books. This book was released on 2016-10-18 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A tour de force of historical reportage, America’s Bank illuminates the tumultuous era and remarkable personalities that spurred the unlikely birth of America’s modern central bank, the Federal Reserve. Today, the Fed is the bedrock of the financial landscape, yet the fight to create it was so protracted and divisive that it seems a small miracle that it was ever established. For nearly a century, America, alone among developed nations, refused to consider any central or organizing agency in its financial system. Americans’ mistrust of big government and of big banks—a legacy of the country’s Jeffersonian, small-government traditions—was so widespread that modernizing reform was deemed impossible. Each bank was left to stand on its own, with no central reserve or lender of last resort. The real-world consequences of this chaotic and provincial system were frequent financial panics, bank runs, money shortages, and depressions. By the first decade of the twentieth century, it had become plain that the outmoded banking system was ill equipped to finance America’s burgeoning industry. But political will for reform was lacking. It took an economic meltdown, a high-level tour of Europe, and—improbably—a conspiratorial effort by vilified captains of Wall Street to overcome popular resistance. Finally, in 1913, Congress conceived a federalist and quintessentially American solution to the conflict that had divided bankers, farmers, populists, and ordinary Americans, and enacted the landmark Federal Reserve Act. Roger Lowenstein—acclaimed financial journalist and bestselling author of When Genius Failed and The End of Wall Street—tells the drama-laden story of how America created the Federal Reserve, thereby taking its first steps onto the world stage as a global financial power. America’s Bank showcases Lowenstein at his very finest: illuminating complex financial and political issues with striking clarity, infusing the debates of our past with all the gripping immediacy of today, and painting unforgettable portraits of Gilded Age bankers, presidents, and politicians. Lowenstein focuses on the four men at the heart of the struggle to create the Federal Reserve. These were Paul Warburg, a refined, German-born financier, recently relocated to New York, who was horrified by the primitive condition of America’s finances; Rhode Island’s Nelson W. Aldrich, the reigning power broker in the U.S. Senate and an archetypal Gilded Age legislator; Carter Glass, the ambitious, if then little-known, Virginia congressman who chaired the House Banking Committee at a crucial moment of political transition; and President Woodrow Wilson, the academician-turned-progressive-politician who forced Glass to reconcile his deep-seated differences with bankers and accept the principle (anathema to southern Democrats) of federal control. Weaving together a raucous era in American politics with a storied financial crisis and intrigue at the highest levels of Washington and Wall Street, Lowenstein brings the beginnings of one of the country’s most crucial institutions to vivid and unforgettable life. Readers of this gripping historical narrative will wonder whether they’re reading about one hundred years ago or the still-seething conflicts that mark our discussions of banking and politics today.

Download or read book The Secrets of the Federal Reserve written by Eustace Clarence Mullins and published by . This book was released on 2016-05-25 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: Here are the simple facts of the great betrayal. Wilson and House knew that they were doing something momentous. One cannot fathom men's motives and this pair probably believed in what they were up to. What they did not believe in was representative government. They believed in government by an uncontrolled oligarchy whose acts would only become apparent after an interval so long that the electorate would be forever incapable of doing anything efficient to remedy depredations. All of these central banks have the power of issuing currency in their respective countries. Thus, the people do not own their own money in Europe, nor do they own it here. It is privately printed for private profit. The people have no sovereignty over their money, and it has developed that they have no sovereignty over other major political issues such as foreign policy. As a central bank of issue, the Federal Reserve System has behind it all the enormous wealth of the American people. When it began operations in 1913, it created a serious threat to the central banks of the impoverished countries of Europe. Because it represented this great wealth, it attracted far more gold than was desirable in the 1920s, and it was apparent that soon all of the world's gold would be piled up in this country. This would make the gold standard a joke in Europe, because they would have no gold over there to back their issue of money and credit. It was the Federal Reserve's avowed aim in 1927, after the secret meeting with the heads of the foreign central banks, to get large quantities of that gold sent back to Europe, and its methods of doing so, the low interest rate and heavy purchases of Government securities, which created vast sums of new money, intensified the stock market speculation and made the stock market crash and resultant depression a national disaster.