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The Current State of Financial and Regulatory Frameworks in Asian Economies: The Case of India

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  • Abhijit Sen Gupta

    (Asian Development Bank Institute)

Abstract

Despite having a low exposure to the toxic assets involved in the sub-prime crisis and a gradualist approach towards liberalization of the financial sector, certain parts of the Indian financial sector were significantly affected by the global financial crisis. Though Indian policymakers reacted in a proactive manner and introduced a host of measures to counter the adverse effects of the financial crisis, the recovery has not been uniform; several markets and sectors are still reeling from the crisis’ aftershocks. The proposed Basel III norms are going to have a significant impact on the Indian financial sector.

Suggested Citation

  • Abhijit Sen Gupta, 2011. "The Current State of Financial and Regulatory Frameworks in Asian Economies: The Case of India," ADBI Working Papers 303, Asian Development Bank Institute.
    • Handle: RePEc:ris:adbiwp:0303
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    References listed on IDEAS

    as
    1. Patnaik, Ila & Shah, Ajay, 2010. "Why India Choked when Lehman Broke," India Policy Forum, National Council of Applied Economic Research, vol. 6(1), pages 39-72.
    2. AkIn, Cigdem & Kose, M. Ayhan, 2008. "Changing nature of North-South linkages: Stylized facts and explanations," Journal of Asian Economics, Elsevier, vol. 19(1), pages 1-28, February.
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    Cited by:

    1. Faisal Abbas & Muti Ur Rehman & Aslam Perviz, 2012. "Impact of Financial Crisis on Textile Industry in Pakistan," Information Management and Business Review, AMH International, vol. 4(7), pages 409-416.

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    Keywords

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    JEL classification:

    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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