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005			20200925162248.0
008			160316s2014 xxu||||| |||| 00| 0 eng d
020			_a9789332700970
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082			_a332.110954 _bVAS
100			_aVasudevan A
245			_aCentral banking for emerging market economies : A relook in the context of the global financial crisis
250			_a2nd
260			_aNew Delhi _bAcademic Foundation _c2014
300			_a276p
365			_b Rs. 995
505			_aTable of contents Foreword to the Original Edition Preface to the Updated Edition Preface to the Original Edition Section I Introduction 1. Introduction Questions about the Importance of Central Banking The Main Events Leading and Relating to the Crisis The Focus of the Book Section II The Traditional Areas of Activity of Central Banks 2. Currency and Payment System Issuance of Currency Could there be a Currency Board Instead of a Central Bank? Payment System Services Electronic Money Box 2.1: Real Time Gross Settlements 3. Banker to Government Maintenance of Government Accounts Domestic Debt Management Conflict of Interests: Debt Management and Monetary Policy Sovereign Bond Issues Abroad Box 3.1: Types of Auctioning Box 3.2: On the `Crowding Out' Box 3.3: Ad hoc Treasury Bills: The Indian Experience 4. Banker to Banks The Essential Tasks and the LoLR Function Bank Restructuring Competition in Banking The Areas where Commercial Banks are and could be of Help Box 4.1: Theoretical Perspectives on Adverse Selection Section III The Shining Star of Central Banking 5. Monetary Policy Making Objectives of Policy Pursuit of Price Stability as the Sole Objective Reconciling Dual Objectives through a Policy Rule The Taylor Rule The Case for Rules as Against Discretion The Case for Discretion in Normal Times and in Times of Stress Indicators of Policy Lags in Policy Instruments of Policy Transmission Mechanism of Policy Uncertainties Due to Lags Operating Procedures of Monetary Policy Institutional Arrangements for Monetary Policy Making Transparency of Policies and Practices Box 5.1: Liquidity Adjustment Facility in India Box 5.2: Bank Reserves, Reserve Money, Money Supply and Money Multiplier Box 5.3: Payments Systems and Monetary Policy Box 5.4: The Yield Curve Box 5.5: The Corridor of Interest Rates Box 5.6: Liquidity Forecasting in Central Banks: Illustrative Template Section IV The New Concerns 6. Financial Stability Financial Stability in the Context of Financial Development The Early Warning Signals and Hedging Mechanisms Liquidity Forecasts Illiquidity versus Insolvency and the Globalisation of the Crisis Prudential Regulation and Supervision of Banks Initiatives in Evolving Standards and Codes Basle II and Basle III Macro-prudential Policies for Systemic Stability Prudential Supervision by Central Banks and Other Agencies or by a Superbody? International Dimensions of Financial Stability Issues Box 6.1 : Early Warning Signals of Crisis Box 6.2 : Risk Management in Banks Box 6.3 : The Basle Principles for Effective Banking Supervision Box 6.4 : Key International Standards and Codes 7. Autonomy and Organisation Issues Issues in Autonomy and Independence of Central Bank Should Decision-Making Processes be Left out of Central Banks? Independence, Accountability and Central Bank Governance Independence in the Context of the Implementation of International Standards/Codes 8. Conclusions Attachment 1 : The Asian Economic Crisis of the 1990s Attachment 2 : The Global Financial Crisis of 2007-08: Major Events Select References Subject Index
650			_a1. Banks & Banking - Central - India
700			_a _a
942			_2ddc _cBK