Central Banking for Emerging Market Economies: A relook in the context of the global financial crisis (Hardback)A. Vasudevan (author)
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This contextual update shows that central banks continue to be relevant and essential for sound functioning of economies. Central banks require to pursue traditional functions relating to currency and payment systems and to being banker to the government and to banks as vigorously as before the crisis. They also need to adopt an oriented approach towards the pursuit of monetary policy for growth, inflation control and financial stability. The orientation has to do with monetary governance in a broad sense, a point that is best echoed in the author's companion book: Monetary Governance in Search of New Space (2012, Academic Foundation). Central banking in its essence continues to be the art of the possible.
Publisher: Academic Foundation
Number of pages: 276
Weight: 544 g
Dimensions: 235 x 159 x 28 mm
Edition: 2nd Revised edition
"[This book] is intended to be a reference volume for advanced students in universities and officer staff of central bank, especially in what he calls the emerging market economies. He has, in fact, done much more, and with consummate skill. Virtually all aspects of central banking are covered . . . so systematically and fairly that it may well turn out to be an indispensable guide-book for both advisers and policy-makers in monetary authorities as well as finance ministries." Dr. K. S. Krishnaswami, "Economic and Political Weekly," on previous edition"
"[This book] opens a window on what goes on and what should go on in the corridors of central banks." Dr. S. Venkitaramanan, "Business Line," on previous edition"
"Central banking for such economies has to be dynamic and interactive. It is this thought that made [Vasudevan] write a work of encyclopedic proportions." Dr. K. V. Krishnamurthy, "Business Standard," on previous edition"
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