"If the United States as a central banker Packers Ha Ha Clinton-Dix Jersey , like Reddy, the U.S. economy would not like such a mess now." 2001 Nobel Prize in Economics winner Joseph Stiglitz, who in December 2008 so that .
Stiglitz respected Reddy is president of the Indian Central Bank office 21 Dr Reddy (YV Reddy).
Central Bank of India in the 21st term as president of the 5-year period, Reddy India has made great contributions to the financial reform, precisely because he is India's financial sector reform efforts, particularly for the banking industry to develop strict lending criteria, only help the Indian banking system Packers Randall Cobb Jersey , the outbreak in 2008 survived the subprime mortgage crisis.
Global financial and banking system there are many problems. In fact many advanced countries have long warned that their financial system imbalances, and many other issues. Second, this book also introduced India to prevent the financial system crisis, the various measures. In addition, the book also introduced the 'liberalization, globalization and so on to monitor the pressure, as well as some political and economic problems. "
This period is what the global economy and Indian economy has witnessed tremendous changes in the "troubled times." The period 2003 to 2007 Packers Mike Daniels Jersey , rising gradually in the world economy on the global economic output of India, made a remarkable growth and stability of the contribution. After the 2008 to 2009, during the financial crisis sweeping the globe has had an impact on India, particularly the volatility of capital inflows and slow physical sector activities.
It's interesting that India is still maintained after the world's second economic growth in China and relatively stable financial market and the export sector stands in the ocean of the global financial crisis.
2007 to 2008 had revealed the financial crisis began in the United States spread to other developed economies. The crisis has seriously affected emerging markets and developing economies, growth prospects, but also result in almost all economies have slowed growth or even recession. Despite concerted global central bank and government surmount the crisis is still in 2008 and accelerating deterioration in late 2009, a spread worldwide in a severe economic crisis.
Global policy-makers faced with severe challenges. The policy challenge facing India is how to stage management from the time India's economy after the successful integration into the global economy Packers Clay Matthews Jersey , the impact of shift management of the global financial crisis on India's influence.
How to manage the economy, while globalization may reduce the medium-term economic prospects for financial stability and the potential threat? Reddy of this book address these issues a lot of insights.
Reddy believes that the financial crisis from the three "root": over the financial technology, over "to deregulation," and excessive "leverage."
The first is "over financial" and that the financial sector too fast, so that the growth rate over the real economy. The role of the financial industry was on its head - from the original to support the real economy and the government's "tools" into the "purpose" itself. Over "to monitor" and the excessive "leverage" of the acceleration of the crisis brewing, but also because there are areas of real estate and consumer lending irresponsible behavior. These three factors were also acting on the fragile financial system, leading to a drastic shrinkage of asset prices instantaneously Packers Aaron Rodgers Jersey , whether real estate prices or stock prices have plunged into collapse.
Excessive liberalization of European and American countries compared to India's financial regulation seems to have been "conservative." But if Reddy said, people often think of India are conservative, "conservative" generally means "inaction." However, in India, things are diametrically opposed, one "conservative" has taken a lot of action.
This "conservative" attitude toward supervision, plus he holds the "precautionary" regulatory philosophy Packers Bart Starr Jersey , so that Indian regulators and the European and American countries have adopted the opposite policy.
In monetary policy, central bank to avoid the over-generous. Financial regulation, regulators took measures to protect against the risk, so India's capital adequacy ratio higher, while the risk of exposure to risk assets is also relatively limited. In addition, there is excess liquidity in the external factors, India has a good capital account management system. Vehicle Insurance Market Share Packers Dexter Williams Jersey , Growth, Revenue, Top Players, Forecast 2018-2025 | CAGR | Orian Research by Market Report Hub · September 27, 2018
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