Who moved my interest rate?: leading the reserve bank of India through five turbulent years

By:

Subbarao, Duvvuri

Material type: Text

TextPublication details: Haryana Penguin Books 2016Description: xxv, 323 p. 24 cm ; Hard BoundISBN:

978-0670088928

Subject(s):

Reserve Bank of India -- Biography Banking sector Bankers -- India -- Biography

DDC classification:

331.215 SUB

Contents:

1. From Main Street to Mind Road 2. Baptism by Fire 3. Baby step Subbarao 4. When the facts change, I change My mind 5. Inside the Chakravyuh 6. Demystifying the Reserve Bank 7. Rupee Tantrums 8. The Signal and Noise 9. Walking Alone 10. Two More Years 11. What does your promise Mean Governor ? 12. Gold finger Governor 13. Keep your Ear Close to the Ground 14. Sleeping at the Wheel 15. Footlose in the World of Central Banking 16. Moving on

Summary: Duvvuri Subbarao's term as the governor of the Reserve Bank of India from 2008 to 2013 was by all accounts an unusually turbulent period for the world and for India. The global financial crisis erupted within a week of his assuming office. Then, just as the impact of the crisis on India ebbed, the action shifted to combating a decade-high, stubborn inflation during 2009 - 11, which segued into a battle against a sharp depreciation of the rupee starting mid-2012. Who Moved My Interest Rate is an insider's account of the dilemmas and quandaries Subbarao confronted while leading the Reserve Bank through these extraordinary economic and political challenges. Subbarao's five years at the Reserve Bank also marked an intellectually vigorous period for central banking around the world. Not only did the global financial crisis test the policy force of central banks, but it also raised several questions about the breadth of their mandates and the limitations of their autonomy and accountability. While much of the existing debate is set in the advanced economy context, Who Moved My Interest Rate places these issues squarely in an Indian and emerging market perspective. This is also a compelling chronicle of Subbarao's attempts to demystify the Reserve Bank and explain to the public its impact on their everyday lives. Honest, authoritative and deeply insightful, this book enhances our understanding of what is, arguably, one of India's most trusted institutions.

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Holdings
Item type	Current library	Collection	Call number	Status	Date due	Barcode
Books	H.T. Parekh Library	GSB Collection	331.215 SUB (Browse shelf(Opens below))	Available		B2202

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Previous	331.2095 LEE Globalization, flexibilization and working conditions in Asia and the Pacific	331.2101 GER Compensation: theory, evidence, and strategic implications	331.215 FIS Wage restraint by consensus: Britain's search for an incomes policy agreement 1965 -79	331.215 SUB Who moved my interest rate?: leading the reserve bank of India through five turbulent years	331.25 LOW While America Aged: how pension debts ruined general motors, stopped the NYC subways, bankrupted san diego,and loom as the next financial crisis	331.25 LOW Made in Japan	331.2522 BOR Rethinking pension provision for India 2003	Next

Velan/ VBS/262/16-17/23-02-17 Rs. 699/-

1. From Main Street to Mind Road
2. Baptism by Fire
3. Baby step Subbarao
4. When the facts change, I change My mind
5. Inside the Chakravyuh
6. Demystifying the Reserve Bank
7. Rupee Tantrums
8. The Signal and Noise
9. Walking Alone
10. Two More Years
11. What does your promise Mean Governor ?
12. Gold finger Governor
13. Keep your Ear Close to the Ground
14. Sleeping at the Wheel
15. Footlose in the World of Central Banking
16. Moving on

Duvvuri Subbarao's term as the governor of the Reserve Bank of India from 2008 to 2013 was by all accounts an unusually turbulent period for the world and for India. The global financial crisis erupted within a week of his assuming office. Then, just as the impact of the crisis on India ebbed, the action shifted to combating a decade-high, stubborn inflation during 2009 - 11, which segued into a battle against a sharp depreciation of the rupee starting mid-2012. Who Moved My Interest Rate is an insider's account of the dilemmas and quandaries Subbarao confronted while leading the Reserve Bank through these extraordinary economic and political challenges. Subbarao's five years at the Reserve Bank also marked an intellectually vigorous period for central banking around the world. Not only did the global financial crisis test the policy force of central banks, but it also raised several questions about the breadth of their mandates and the limitations of their autonomy and accountability. While much of the existing debate is set in the advanced economy context, Who Moved My Interest Rate places these issues squarely in an Indian and emerging market perspective. This is also a compelling chronicle of Subbarao's attempts to demystify the Reserve Bank and explain to the public its impact on their everyday lives. Honest, authoritative and deeply insightful, this book enhances our understanding of what is, arguably, one of India's most trusted institutions.

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