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Draft Report of the Committee on financial Sector Reforms

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  • Raghuram G. Rajan

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.

Suggested Citation

  • Raghuram G. Rajan, 2008. "Draft Report of the Committee on financial Sector Reforms," Working Papers id:1463, eSocialSciences.
    • Handle: RePEc:ess:wpaper:id:1463
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    File URL: http://www.eSocialSciences.com/data/articles/Document11442008100.8082849.pdf
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    References listed on IDEAS

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    1. Stijn Claessens & Luc Laeven, 2004. "What drives bank competition? Some international evidence," Proceedings, Federal Reserve Bank of Cleveland, pages 563-592.
    2. Enrica Detragiache & Thierry Tressel & Poonam Gupta, 2008. "Foreign Banks in Poor Countries: Theory and Evidence," Journal of Finance, American Finance Association, vol. 63(5), pages 2123-2160, October.
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    Cited by:

    1. Bishnu Mohan Swain, 2018. "Role of Lead Bank Scheme on Area Development: A Study with Special Reference to Chandbali Block of Odisha," Shanlax International Journal of Economics, Shanlax Journals, vol. 7(1), pages 36-41, December.
    2. Shrimali, Gireesh & Rohra, Sunali, 2012. "India’s solar mission: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(8), pages 6317-6332.
    3. Gurbachan Singh, 2009. "Lacunae in Financial Regulatory Framework vis-Ã -vis Financial Repression," Review of Market Integration, India Development Foundation, vol. 1(2), pages 137-170, May.
    4. Rajeev, Meenakshi & Vani, B.P., 2014. "Uncertainty, risk and risk mitigation: Field experiences from farm sector in Karnataka," Working Papers 320, Institute for Social and Economic Change, Bangalore.
    5. Gurbachan Singh, "undated". "Lacunae in Financial Regulatory Framework Vis-?-Vis Financial Repression," Centre for International Trade and Development, Jawaharlal Nehru University, New Delhi Discussion Papers 09-10, Centre for International Trade and Development, Jawaharlal Nehru University, New Delhi, India.
    6. Bhattacharya, Rudrani & Patnaik, Ila & Shah, Ajay, 2008. "Early warnings of inflation in India," Working Papers 08/54, National Institute of Public Finance and Policy.

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