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The Global Financial Crisis and the Indian Economy

  • Book
  • © 2015

Overview

Authors:
  1. B. L. Pandit

    1. Department of Economics, University of Delhi Delhi School of Economics (DSE), New Delhi, India

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  • Combines analytical models of regulation with the practical need for regulation of the financial sector

  • Uses state of art econometric models to characterise the monetary policy transmission and examine its effectiveness

  • Assess the impact of the crisis on the Indian stock market during the global financial crisis

  • Includes supplementary material: sn.pub/extras

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Table of contents (9 chapters)

  1. Front Matter

    Pages i-xi
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  2. Introduction

    • B. L. Pandit
    Pages 1-4

  3. The Systemic Issues of the Global Crisis

    1. Front Matter

      Pages 5-5
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    2. Genesis of the Global Financial Crisis

      • B. L. Pandit
      Pages 7-21

    3. Financial Liberalization, Economic Development and Regulation

      • B. L. Pandit
      Pages 23-36

    4. Towards a New International Monetary System

      • B. L. Pandit
      Pages 37-47

  4. Global Crisis and Indian Economy

    1. Front Matter

      Pages 49-49
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    2. Monetary Policy Transmission: Cointegration and Vector Error Correction Analysis

      • B. L. Pandit
      Pages 51-73

    3. Monetary Policy and Credit Demand During the Crisis

      • B. L. Pandit
      Pages 75-90

    4. Global Financial Crisis and the Indian Stock Market

      • B. L. Pandit
      Pages 91-106

    5. Indian Economy Through the Global Crisis

      • B. L. Pandit
      Pages 107-136

    6. Conclusions

      • B. L. Pandit
      Pages 137-139

  5. Back Matter

    Pages 141-142
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Keywords

About this book

After tracing the causes of the global financial crisis, the book focuses on two fundamental systemic issues connected with its manifestation: financial-sector regulation and the problem of the dollar-centric international monetary system, both of which have been widely cited among the important factors leading to the 2008 financial crisis. The important analytical question of monetary policy transmission during the crisis is discussed in depth with the help of appropriate econometric models. The effectiveness of India’s monetary policy during the crisis is examined by specifying an econometric model, and the impact of the crisis on the Indian stock market is modelled on the basis of risk-enhancing and risk-mitigating features. In closing, the impact of the crisis on real sectors of the Indian economy is analysed in detail.

Authors and Affiliations

  • Department of Economics, University of Delhi Delhi School of Economics (DSE), New Delhi, India

    B. L. Pandit

About the author

B L Pandit has served as a professor and head, Department of Economics, Delhi School of Economics. He got his PhD in Economics from Delhi School of Economics, University of Delhi. He has taught courses in macroeconomic theory, monetary theory and policy and financial markets at the Delhi School of Economics besides supervising M Phil and PhD students. He has published books with international publishers and has also published  extensively in peer reviewed national and international journals. His research project studies have been sponsored by Canadian International Development Agency, FICCI and Reserve Bank of India. He has presented papers and attended conferences in Toronto, Moscow and UNCTAD Geneva.

Bibliographic Information

  • Book Title: The Global Financial Crisis and the Indian Economy

  • Authors: B. L. Pandit

  • DOI: https://doi.org/10.1007/978-81-322-2395-5

  • Publisher: Springer New Delhi

  • eBook Packages: Business and Economics, Economics and Finance (R0)

  • Copyright Information: Springer India 2015

  • Hardcover ISBN: 978-81-322-2394-8Published: 01 June 2015

  • Softcover ISBN: 978-81-322-3570-5Published: 23 October 2016

  • eBook ISBN: 978-81-322-2395-5Published: 18 May 2015

  • Edition Number: 1

  • Number of Pages: XI, 142

  • Number of Illustrations: 31 b/w illustrations

  • Topics: Macroeconomics/Monetary Economics//Financial Economics, Finance, general

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