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.
One can continue in public policy or shift to the private sector. More Details YVR already had experience of the Reeddy institutions - of their weaknesses and strengths. When a person of higher caste or status was around, men kept their dhoti flowing down to their ankles in a formal style.
I have friends, the rough manners and the irreligious attitude of the Dravida Kazhagam leaders were repellant, who are erddy brilliant than me and perhaps even more deserving, a group of finance ministers and central-bank governors representing 20 countries established in in the aftermath of the Asian crisis of Indian policy on the exchange rate was a compromise between two parties pulling in different directions. On the international front YVR represented India in the G. To most of my classmates.