Monetary Governance in Search of New Space: Emerging Market Economy Perspectives (Hardback)Asuri Vasudevan (author)
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The need of the hour is to set in place good monetary governance. Monetary governance consists essentially of institutional mechanisms and processes required for sound functioning of the tasks that devolve on Governments and central banks. It focusses on issues relating to the functional area of macroeconomic management. It is distinct from financial governance which deals mainly with portfolio management and asset distribution within the context of the principles and policies laid down by macroeconomic managers.
The book deals with the institutional requirements, the rainbow of interests, the analytics and the international dimensions of monetary governance in detail from the point of view of emerging market economies. Vasudevan argues, the way forward from the present state of policy-disarray lies in bestowing focus on accountability, knowledge-centric information and structural reforms as the points of policy pursuit.
Publisher: Academic Foundation
Number of pages: 128
Weight: 463 g
Dimensions: 241 x 165 mm
"In the days to come, the book is going offer a wholesome yet sumptuous food for thought to a wide variety of readers including policy makers and academia alike." --Partha Ray, professor, Indian Institute of Management
"As the effects of the financial crisis of 2008 continue to be felt all over the world, and questions are being raised about the adequacy of monetary governance, this short book offers a most insightful look into the arcane universe of monetary institutions and is bound to be useful to the lay person and highly qualified policymaker alike. Each page shows the long experience of the author at national and international levels, and together, the book provides an in-depth discussion of the roles of the agencies involved, their tasks and instruments, and more important, the track record of achievements and limitations." --A.Premchand, retired assistant director, International Monetary Fund
"Dr. Vasudevan's book is original in design, path breaking in coverage, and scholarly in content, with great clarity in exposition of a subject of immense contemporary significance. It is an outstanding exposition of complex theory and practice of money and banking in the light of the global crisis, focusing on emerging important governance issues." --Y.V. Reddy, former governor, Reserve Bank of India