The Current State of Financial and Regulatory Frameworks in Asian Economies: The Case of India

Abhijit Sen Gupta

No 303, ADBI Working Papers from Asian Development Bank Institute

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. 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.

Keywords: india global financial crisis; indian financial sector; basel iii norms (search for similar items in EconPapers)
JEL-codes: F41 G15 O11 (search for similar items in EconPapers)
Pages: 31 pages
Date: 2011-08-04
New Economics Papers: this item is included in nep-ban, nep-reg and nep-rmg
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Citations: View citations in EconPapers (1)

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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)
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