This book examines the impact of globalization on the Indian monetary system, exploring the commerce, funding and financial options of globalization, and moreover considering its implications for the stability of funds and currency commerce payment.
The first half of the book presents with the evolution of the philosophy of globalization and its impact on change costs, worldwide liquidity, currency markets, and worldwide commerce and funds. It highlights the catalytic place carried out by the US in driving the globalization course of, and provides detailed analysis of the evolution of the worldwide monetary system to illustrate current processes of globalization. Furthermore, a important dialogue of the Asian financial catastrophe of 1997 is launched in addition to the courses which have emerged from the catastrophe.
The Indian monetary experience and its private protection of dealing with globalization is the focus of second half of the book. The author examines the genesis of monetary reforms and liberalization in India. The success of the Indian protection of gradualism is talked about in the context of the Asian catastrophe, and the causes as to why India averted a comparable catastrophe are explored. Lastly, the author examines whether or not or not the Indian currency, the rupee, could possibly be made completely convertible.
This book makes a worthwhile contribution to the literature on globalization and enchancment and have to be of curiosity to academics in the worldwide monetary system, worldwide finance, worldwide enchancment and moreover to academics with an curiosity in South Asian Studies.