This setting lets you change the way you view articles. You can choose to have articles open in a dialog window, a new tab, or directly in the same window.
Open in Dialog
Open in New Tab
Open in same window

Journal of Economic Literature - Book Review

JEL Volume. 50, Issue 3 | leftPrevious Review Next Review right

Expand

Quick Tools:

Print Article Summary
Sign up for Email Alerts Follow us on Twitter Subscription Information
(Institutional Administrator Access)

Explore:

JEL - All Issues

JEL Forthcoming Articles JEL Indexes (Members Only)
Book(s) Reviewed

Growth with Financial Stability: Central Banking in an Emerging Market by Rakesh Mohan

Published By: Oxford Collected Essays. New Delhi: Oxford University Press
ISBN: 978-0-19-807020-7
Date of Publication: 2011


Book Review Detail

Reviewed by: Ashoka Mody of International Monetary Fund
Review DOI: 10.1257/jel.50.3.791.r12
Review Pages: 821-23

Book Review Abstract

Ashoka Mody of International Monetary Fund reviews "Growth with Financial Stability: Central Banking in an Emerging Market" by Rakesh Mohan. The EconLit abstract of the reviewed work begins: Explores the evolving roles of fiscal, monetary, and financial policies in India and their interaction and adaptation since India's independence, focusing on reforms since the early 1990s. Discusses the growth record of the Indian economy—a story of sustained savings and investment; sustaining growth with stability—the role of fiscal and monetary policies; innovation and growth—role of the financial sector; development of banking and financial markets in India—fostering growth while containing risk; development of the Indian debt market; financial inclusion in India; communication in central banks—a perspective; volatile capital flows and Indian monetary policy; liberalization and regulation of capital flows—lessons for emerging market economies; the global financial crisis—causes, impact, policy responses, and lessons; emerging contours of financial regulation—challenges and dynamics; and economic reforms in India—where we are and where we go. Mohan is Professor in the Practice of International Economics and Finance with the School of Management and Senior Fellow at the Jackson Institute of Global Affairs at Yale University. Index.


Book Review Full-Text Access



Book Review Authors

Ashoka Mody of International Monetary Fund


JEL Classifications

E44: Financial Markets and the Macroeconomy
E52: Monetary Policy
E58: Central Banks and Their Policies
O16: Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
O23: Fiscal and Monetary Policy in Development


Journal of Economic Literature


Quick Tools:

Sign up for Email Alerts

Follow us on Twitter

Subscription Information
(Institutional Administrator Access)

Explore:

JEL - All Issues

JEL - Forthcoming Articles

Virtual Field Journals


AEA Member Login:


AEAweb | AEA Journals | Contact Us