Economics of Financial Markets in India
Operation, Integration and Efficiency
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- Author
- Dr. Iti Vyas
- Publisher
- Akhand Publishing House
- Categories
- Economics, Home Page Carousel, Nonfiction
- ISBN
- 9789388998314
- Edition
- 2019
- Format
- Hard Bound
- Size
- Royal
- Pages
- 374
Description
This book presents a concise overview of the organizational structure, role, conduct, and performance of financial markets in India. It explores whether institutional reforms, significant inflows of foreign capital, current account convertibility, and the approach of capital account convertibility are causing domestic and foreign exchange sub-markets to integrate. The text investigates the extent and nature of this integration, questioning whether it generates efficiency in individual sub-markets and the financial markets as a whole. Furthermore, these topics are examined with reference to the subprime mortgage crisis that began in the United States in 2007 and 2008. The book also highlights the theoretical perspectives of financial development and economic growth. Finally, it considers the emergence of the Basel-III accord on the eve of the Global Financial Crisis, providing a specialized impact assessment of the Indian financial sector.