The Current State of Financial and Regulatory Frameworks in Asian Economies: The Case of India
Abhijit Sen Gupta
Finance Working Papers from East Asian Bureau of Economic Research
Abstract:
Despite having a low exposure to the toxic assets involved in the sub-prime crisis and a gradualist approach towards liberalization of the financial sector, certain parts of the Indian financial sector were significantly affected by the global financial crisis. The consequent tightening of liquidity and slump in global and domestic demand had a strong adverse affect on the industrial sector, a large part of which includes small and medium-sized enterprises. There was a significant decline in employment and output in some of these enterprises. Though Indian policymakers reacted in a proactive manner and introduced a host of measures to counter the adverse effects of the financial crisis, the recovery has not been uniform; several markets and sectors are still reeling from the crisis’ aftershocks. The proposed Basel III norms are going to have a significant impact on the Indian financial sector. While it is in a comfortable position to meet some of the proposed Basel III norms, the implementation of some of the other norms will be a challenge.
Keywords: Indian financial sector; financial crisis; Indian banking system; regulatory framework (search for similar items in EconPapers)
JEL-codes: F41 G15 O11 (search for similar items in EconPapers)
Date: 2011-08
New Economics Papers: this item is included in nep-ban
References: Add references at CitEc
Citations:
Downloads: (external link)
http://www.eaber.org/node/23233 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 301 [REDIRECT LOOP] Moved Permanently (http://www.eaber.org/node/23233 [301 Moved Permanently]--> https://www.eaber.org/node/23233 [301 Moved Permanently]--> https://www.eaber.org/node/23233 [301 Moved Permanently]--> https://www.eaber.org/node/23233 [301 Moved Permanently]--> https://www.eaber.org/node/23233 [301 Moved Permanently]--> https://www.eaber.org/node/23233 [301 Moved Permanently]--> https://www.eaber.org/node/23233 [301 Moved Permanently]--> https://www.eaber.org/node/23233)
Related works:
Working Paper: The Current State of Financial and Regulatory Frameworks in Asian Economies: The Case of India (2011)
Working Paper: The Current State of Financial and Regulatory Frameworks in Asian Economies: The Case of India (2011)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:eab:financ:23233
Access Statistics for this paper
More papers in Finance Working Papers from East Asian Bureau of Economic Research Contact information at EDIRC.
Bibliographic data for series maintained by Shiro Armstrong (shiro.armstrong@anu.edu.au).