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Structural Problems in Financing Development: Issues Relating to India

  • Santonu Basu
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This paper argues that the process of financing development in India increased the fragility of the financial market. Consequently, the need arose for the government to implement policies that would reduce that fragility, and also to introduce strong enforceable bankruptcy laws, in order to prevent the emergence of corruption. It appears that the recent capital market reform did not give adequate attention to reducing the fragility of the financial market.

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File URL: http://www.tandfonline.com/doi/abs/10.1080/02692170500362793
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Article provided by Taylor & Francis Journals in its journal International Review of Applied Economics.

Volume (Year): 20 (2006)
Issue (Month): 1 ()
Pages: 85-101

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Handle: RePEc:taf:irapec:v:20:y:2006:i:1:p:85-101
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