India : 2008 Article IV Consultation; Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for India.

India's financial system compares favorably internationally, but rising credit risk and liquidity pressures are putting it under strain. The staff report for India's 2008 Article IV Consultation discusses economic developments and policies. The authorities have already taken numerous welco...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2009.
Series:IMF Staff Country Reports; Country Report ; No. 2009/187
Online Access:Full text available on IMF
Description
Summary:India's financial system compares favorably internationally, but rising credit risk and liquidity pressures are putting it under strain. The staff report for India's 2008 Article IV Consultation discusses economic developments and policies. The authorities have already taken numerous welcome measures in response to the crisis. The Reserve Bank of India has been quick in reversing its policy stance and the reductions in interest rates, the cash reserve ratio, and the statutory liquidity requirement together with stepped-up open market operations have been fully warranted.
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<strong>On-Campus Access:</strong> No User ID or Password Required
Physical Description:1 online resource (81 pages)
Format:Mode of access: Internet
ISSN:1934-7685
Access:Electronic access restricted to authorized BRAC University faculty, staff and students