Malaise of Indian financial system: need for reforms
By: Tarapore, S.S.
Material type:
ArticlePublisher: 2000Description: p.2821-826.Subject(s): Economic recession - India | Economic recession
In:
Economic and Political WeeklySummary: Financial crises the world over have revealed that weaknesses in financial systems and their supervision contribute to macro instability. Not only is stronger supervision necessary but the discipline of the market needs to be reinforced. Corporate governance needs to be strengthened and bankruptcy legislation made more robust. With rapid technological changes, the leaders in innovation would claim the best business. Banks and financial institutions which resist change would, like dinosaurs, become extinct. The financial system would need to be guided by three requirements, viz, transparency, rigorous norms and appropriate incentives. - Reproduced
| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
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Articles
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Indian Institute of Public Administration | Volume no: 35, Issue no: 32 | Available | AR46124 |
Financial crises the world over have revealed that weaknesses in financial systems and their supervision contribute to macro instability. Not only is stronger supervision necessary but the discipline of the market needs to be reinforced. Corporate governance needs to be strengthened and bankruptcy legislation made more robust. With rapid technological changes, the leaders in innovation would claim the best business. Banks and financial institutions which resist change would, like dinosaurs, become extinct. The financial system would need to be guided by three requirements, viz, transparency, rigorous norms and appropriate incentives. - Reproduced
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