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Indian Perspectives on International Financial Institution (IFI) Reforms with Special Emphasis on the International Monetary Fund

Author

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  • A.K. Bhattacharya

    (The author is with the financial news daily, Business Standard, New Delhi.)

Abstract

The approach of India’s political establishment toward economic reforms and economic policy-making may have undergone major changes in the last few decades, but its terms of engagement with international financial institutions, particularly with the International Monetary Fund (IMF), continue to be influenced to a large extent by the mindset that prevailed in the 1980s. More recently, some changes have been discernible in the Indian government’s official positions on issues pertaining to reforms in the governance structure of international financial institutions. This paper seeks to bring out the basic dichotomy in the way the political establishment in India continues to engage with international financial institutions and how the Indian government’s official views on reforms in the governance structure of these bodies have made a big difference to the way India has begun to see itself and its role in the global financial community.

Suggested Citation

  • A.K. Bhattacharya, 2010. "Indian Perspectives on International Financial Institution (IFI) Reforms with Special Emphasis on the International Monetary Fund," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 4(2), pages 139-155, May.
    • Handle: RePEc:sae:mareco:v:4:y:2010:i:2:p:139-155
    DOI: 10.1177/097380101000400201
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    More about this item

    Keywords

    International Financial Institutions; Economic Reforms; International Monetary Fund; Global Financial Community; JEL Classifications: F32; JEL Classifications: F33; JEL Classifications: G15;
    All these keywords.

    JEL classification:

    • F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets

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