GROWTH WITH FINANCIAL STABILITY: Central Banking in an Emerging Market

 A distinctive achievement of Indias economic policy has been the fostering of economic growth with financial stability throughout the post-Independence period. Accordingly it was also able to withstand the recent financial crisis that engulfed most advanced economies, culminating in their experiencing the severest recession since the Great Depression. Growth with Financial Stability provides a rare insider view of the development and workings of central banking and the financial sector in India. Using a rigorous analytical approach, the book unravels the keys to Indias macroeconomic and financial stability and provides fresh insights on lessons for the future.