000			01094pab a2200169 454500
008			180718b2000 xxu||||| |||| 00| 0 eng d
100			_aTarapore, S.S.
245			_aMalaise of Indian financial system: need for reforms
260			_c2000
300			_ap.2821-826
362			_a5 Aug
520			_aFinancial 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
650			_aEconomic recession - India
650			_aEconomic recession
773			_aEconomic and Political Weekly
909			_a45700
999			_c45700 _d45700