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Global Crisis, Recession and Uneven Recovery by Y. V. Reddy

Global Crisis, Recession and Uneven Recovery

by Y. V. Reddy
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Book cover type: Hardcover
  • ISBN13: 9788125041856
  • Binding: Hardcover
  • Subject: N/A
  • Publisher: Orient Blackswan Pvt Ltd
  • Publisher Imprint: Orient Blackswan Pvt Ltd
  • Publication Date:
  • Pages: 448
  • Original Price: INR 1795.0
  • Language: English
  • Edition: N/A
  • Item Weight: 635 grams
  • BISAC Subject(s): International / General

The worst of the economic crisis has passed, and the global financial system is picking through the wreckage of its reckless ambition. Recovery has started at different paces in different places, but it promises everywhere to be prolonged and uneven. What has the world learnt from the most severe financial setback it has suffered in three generations? What must it unlearn to ensure that it does not rush into an encore? And what must India do to work towards ending the systemic distortions in global finance and crippling economic inequities at home?

As Governor of the Reserve Bank of India between 2003 and 2008, Dr Y.V. Reddy stayed the course of financial pragmatism in times of relentless deregulation. Through visionary leadership, finely calibrated financial management and a prescient reading of global economic indicators, he ensured India largely escaped the fate that befell the worst affected of the world's economies.

In 2009, Dr Reddy told the story of, an account of his five years at the helm of the RBI at a time of multiple challenges for the Indian economy. This new book is a sequel to last year's bestselling work. It provides a thinker and experienced policymaker's understanding of the genesis, anatomy and impact of the financial crisis, and of the lessons it offered. It contains perspective and analysis that Dr Reddy has not published before, presented in lucid style and non-technical language. This is a looking-ahead book for India and the world—from an oracle who has already demonstrated how clearly he sees the future.

Yaga Venugopal Reddy was Governor, Reserve Bank of India, from 2003 to 2008. Subsequently, he was Member of the UN Commission of Experts to the President of the UN General Assembly on Reforms of the International Monetary and Financial System.

Dr Reddy is currently Professor Emeritus, University of Hyderabad. He is Honorary Fellow of The London School of Economics and Political Science. He is also on the Advisory Board of the Institute for New Economic Thinking (INET) and on the International Advisory Board of the Columbia Program on Indian Economic Policies, Columbia University, New York. He is a Member of an informal international group of prominent persons on International Monetary Reforms. He is on the Advisory Group of eminent persons to advise the Finance Minister of India on G-20 issues.

Dr Reddy was honoured with the Padma Vibhushan in 2010.

His most recent publication is India and the Global Financial Crisis: Managing Money and Finance(Orient BlackSwan, 2009).

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