I do what i do on reforms rhetoric and resolve

Reform, Rhetoric & Resolve

i do what i do on reforms rhetoric and resolve

Raghuram Rajan New Book - Amazon Best Sellers - I Do What I Do - Raghuram Rajan on Modi Government -

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Government brought in demonetisation through an ordinance. The only option is opting out. In his book, Rajan has talked of an informal verbal discussion with the government on demonetisation that was announced on November 8 last year. Rajan said if the government wanted to implement demonetisation without disruption, then it should have all the currency it wanted to replace from day one. Asked about his views on the impact of demonetisation on the economy, he prefaced his reply with a caveat that he would be extremely careful about what he would say because the country still did not have all the data. But he did concede that the note ban did affect the economy and eat into investment and threw out a lot of business on the margins.

This book brings an insight of knowledge and is a good read for anyone who is interested in economics and finance. It tells how he has adopted several measures to solve the short-term and the long-term economic problems of the country. Inflation targeting, banking sector competitiveness, deepening financial markets, expanding access to finance and financial restructuring are the considered to be the five pillars of the economy in this book. In his first monetary policy statement, Rajan clearly told that there is a need to incarnate the financial sector reforms in new institutional mechanisms and that the government needs to confine itself to providing public goods and governing framework and leave the rest to the market. In the discussion regarding the weakening of domestic currency, he praised the idea of banks of bringing dollars as FCNR deposits provided that they get low forward rates from the govt. The fact that Rajan gave a serious thought to this idea even when it seemed to be a clever ploy of the banks shows his dedication to strengthen and stabilise the domestic currency.

Raghuram Rajan, I Do What I Do: On Reform, Rhetoric and Resolve PDF download for Book Review: Raghuram Rajan, I Do What I.
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When Raghuram G. Rajan took charge as RBI Governor in September , the rupee was in free fall, inflation was high, India had a large current account deficit, and exchange reserves were falling. As every measure failed to stabilize markets, speculators sensed a full-blown crisis. Rajan's response was to go all out, not just to tackle the crisis of confidence, but also to send a strong message about the strength of India's institutions and the country's ongoing programme of reform.. Rajan's commentary and speeches in I Do What I Do convey what it was like to be at the helm of the central bank in those turbulent but exciting times.

When Raghuram G. Rajan took charge as RBI Governor in September , the rupee was in free fall, inflation was high, India had a large current account deficit, and exchange reserves were falling. As every measure failed to stabilize markets, speculators sensed a full-blown crisis. Rajan's response was to go all out, not just to tackle the crisis of confidence, but also to send a strong message about the strength of India's institutions and the country's ongoing programme of reform.. Rajan's commentary and speeches in I Do What I Do convey what it was like to be at the helm of the central bank in those turbulent but exciting times.



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3 thoughts on “I do what i do on reforms rhetoric and resolve

  1. I Do What I Do: On Reform, Rhetoric and Resolve Paperback 20 Nov When Raghuram G. Rajan took charge as RBI Governor in September , the rupee was in free fall, inflation was high, India had a large current account deficit, and exchange reserves were falling.

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