The Current State of Financial and Regulatory Frameworks in Asian Economies: The Case of India
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.
|Date of creation:||04 Aug 2011|
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- Ajay Shah & Ila Patnaik, 2010.
"Why India Choked when Lehman Broke,"
- AkIn, Cigdem & Kose, M. Ayhan, 2008.
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Journal of Asian Economics,
Elsevier, vol. 19(1), pages 1-28, February.
- Cigdem Akin & Ayhan Kose, 2007. "Changing Nature of North-South Linkages; Stylized Facts and Explanations," IMF Working Papers 07/280, International Monetary Fund.
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