000			04658nam a22003137a 4500
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037			_cPurchased _nCurrent Books, Market Road, Cochin
041			_aEnglish
082			_a332.12092 _bRAG
100			_aRaghuram G. Rajan
245			_aI DO WHAT I DO
250			_a1
260			_aIndia _bHarperBusiness _c2017/09/04
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500			_aWhen Raghuram G. Rajan took charge as Governor of the Reserve Bank of India in September 2013, the rupee was in free fall, inflation was high, India had a large current account deficit and India’s exchange reserves were falling. As measure after measure failed to stabilize markets, speculators sensed a full-blown crisis and labelled India one of the Fragile Five economies. 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. He outlined a vision that went beyond the immediate crisis to focus on long-term growth and stability, thus restoring investor confidence. Boldness and farsightedness would be characteristic of the decisions he took in the ensuing three years. 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. Whether on dosanomics or on debt relief, Rajan explains economic concepts in a readily accessible way. Equally, he addresses key issues that are not in any banking manual but essential to growth: the need for tolerance and respect to assure India’s economic progress, for instance, or the connection between political freedom and prosperity. I Do What I Do offers a front-row view into the thinking of one of the world’s most respected economists, one whose commitment to India’s progress shines through in the essays and speeches here. It also brings home what every RBI Governor discovers for himself when he sits down at his desk on the 18th floor: the rupee stops here. Right here!
505			_aContents Introduction Section 1 : RBI Days 1.Setting The Stage I.Statement on Taking office, 4 September 2013 II.The Five Pillars of RBI's Financial Sector Policies 2.Hawks, Doves, or Owls I.Fighting Inflation II.Dosanomics III.The Fight Against Inflation: A Measure without Theory or Evidence IV.Debate without Theory or Evidence 3.Making The Banking Sector More Competitve I.Competition in the Banking Sector II.Interesting, profitable, and Challenging: Banking in India Today 4.Broadening and Deepening Markets I.Strengthening Our Debt Markets 5.Financial Inclusion I.Financial Inclusion : Technology, Institutions and Policies II.The Changing Paradigm for Financial Inclusion 6.The Resolution of Distress I.Saving Credit II.Resolving Stress in the Banking System 7.The Economy and other Issues I.Filtering out the Real India II.Macroeconomic Advice III.Finance and Opportunity in India IV.Democracy, Inclusion, and Prosperity V.Make in India, Largely for India VI.Tolerance and Respect: Essentials for Economic Progress VII.Words Matter but so Does Intent 8.International Issues I.Competitive Monetary Easing : Is It Yesterday Once More? 9.RBI Matters I.Remarks on RBIs 80the Anniversary II.Year-end Letter to RBI Staff, 31 December 2015 IIIFinancial Sector Legislative Reforms Committee Report(FSLRC) : What to Do and When ? IV.The Independence of the Central Bank V.Message to RBI Staff SECTION II : THE GLOBAL FINANCIAL CRISIS I.Risky Business: Skewed Incentives for Investment Managers May Be Adding to Global Financial Risk II.Financial Conditions, Asset Management, and Political Risks : Trying to Make Sense of Our Times III.The Credit Crisis and Cycle-Proof Regulation IV.The True Lessons of the Great Recession SECTION III : OCCASIONAL PIECES I.Capitalism Does Not Rhyme with Colonialism II.Clever Solution : But will it work? III.Assume Anarchy? IV.Odious or Just Malodorous ? V.Aid and Growth : The Policy Challenge VI.Debt Relief and Growth VII.The Great Game Again ? Index About the Author
650			_aEconomics
650			_aBanks-Specialised Bank
650			_aBiography
650			_aEconomists
650			_aReserve Bank of India.
650			_aRaghuram G. Rajan
650			_aBanks and banking, Central -- India.
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