financial crisis: When 47 tonnes of gold was in the middle of road - The Economic TimesIn a session on the agenda for financial reform in the aftermath of the Global Financial Crisis GFC Charles Dallara, then Managing Director of the Institute of International Finance, an industry body with a membership of large international banks, expressed support for greater cross-border financial integration through implementation of improvements of the framework of international regulation on as uniform a basis as possible. Such a programme, he said, would facilitate increased cross-border finance in the form of both increased commercial presence for foreign banks and increased international transactions between parties in different countries. In his speech YVR took a firmly different line. In his view future thinking on global financial reform should entail questioning assumptions still widely accepted, despite the experience of the GFC, that the benefits of financial deregulation and liberalisation outweighed the risks. There should be acknowledgement that beyond these minimum standards regulatory responsibilities were a matter for national authorities as those best fitted for handling connections between financial regulation and macroeconomic conditions and more generally for the task of developing national regulatory systems. Many of these views have also been set out in earlier books published since his retirement . He seemed headed happily for a career of university teaching and research.
Y V Reddy Interview
Advice and Dissent: My Life in Public Service by Y.V. Reddy
The best way of learning was by teaching. His reminiscences as the Governor of RBI makes for interesting reading. I felt I should shake things up a little! Spanning a long career in public service whic!In those days, there was very little contact with the outside world? This lucidly written and gripping page-turner qnd in two distinct parts. Create a List. The book has some unique perspectives.
Ayya was abstemious in his habits and neither drank nor smoked. Bukhari Sahib opted to eat with us, on the floor. The RBI appointed a committee under Tarapore which drew up a road map involving implementation over five years. Get A Copy.
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Generally delivered in 7 - 11 days. Item is available at. And even fewer have the authority that he commands. Reddy, the US economy would not have been in such a mess. Chidambaram, former Union finance minister. First, his complete integrity.
The title captured my approach to the role of finance in the broader context of economic policies that serve the society! YVR communicated his anxiety about this prospect to Indian industrial and banking leaders as grounds for resisting pressures to liberalise the financial sector. For Reddy, fate beckoned. Book Preview Advice and Dissent - Y.
Restricting the narrative to that time would not reveal my values, judgements and actions as governor, I did not know all this; I was raising funds because my teachers told me to and the funds came from unsuspecting friends and relatives who happened to visit our house during the fund-raising time. Sep 26, Rohan Pinto rated it it was amazing. Of cour. All the trees in the family orchard perished.