Draft Report of the Committee on financial Sector Reforms

Raghuram Rajan

Working Papers from eSocialSciences

Abstract: The financial sector has built capabilities such that, with appropriate policy changes, it can grow tremendously, both domestically and internationally. the report touches upon two reasons for financial sector reform—to include more Indians in the growth process, and to foster growth itself. But in these uncertain times, there is a third reason; To improve financial stability and thus protect the economy against the kind of turbulence that has affected emerging markets in the past, and is affecting industrial countries today. The report aims to catalyze debate as well as action, some immediate and some over time as political will emerges.

Keywords: capital market; corporate bond market; financial sector refporms; financial stability; banking reforms; market reorms; regulatin; liquid market; liquidity; forex; credit infrastructure; rgulatory architecture; Evonomy; Indian Economy (search for similar items in EconPapers)
Date: 2008-04
Note: Institutional Papers
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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