New Delhi, Nov 18: Where does the Indian financial sector, especially its capital markets, stand in the global context and what are the challenges before the country's monetary policymakers?
These are some of the questions a top Reserve Bank executive has addressed in his latest book "monetary policy, financial stability and central banking in India", released by
Prime Minister Manmohan Singh here last evening.
"A distinctive feature of the book is its attempt to place the Indian financial sector in the global context with due emphasis on the domestic and global financial markets while focusing on the latest trends in monetary and financial economics," the book's author and RBI principal adviser and chief economist Narendra Jadhav said after the launch.
The book, brought out by MacMillan India Ltd, covers an extensive canvas of macroeconomic thinking, monetary matters and the changing face of central banking the world over, with special reference to India.
It also deals with fundamentals of finance in some detail, which is crucial for understanding the operational complexities of financial markets in India.
The book also presents a detailed analysis of the structure and dynamics of the Reserve Bank's balance sheet over the last 70 years.
Bureau Report
