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Mihir Rakshit Listings

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1 Mihir Rakshit
Macroeconomics of Post-reform India
Oxford University Press; New Delhi, India; 2009; 0195697065 / 9780195697063; First Edition; Hard Cover; New; New; 
This book and its companion volume Money and Finance in the Indian Economy bring together essays written over the last fifteen years by eminent economist Mihir Rakshit. The essays cover practically all major macroeconomic developments in India in the process of transition from a Plan to a market-oriented economy. These essays focus on the overall behaviour of the economy, that is, the genesis of and lessons from the 1990–91 payments crisis that led to the adoption of a comprehensive reforms programme; the different phases of post-reform macroeconomic development and the series of puzzles surfacing therein; the nature and sustainability of services-led growth; and the analytical-cum-policy issues relating to inflation arising from oil price or other shocks. The author provides a survey of the current state of mainstream macroeconomics and discusses its application to the Indian context. He emphasizes the significance of agriculture, infrastructural bottlenecks, absorption of labour in the unorganized sector, and large-scale financial dualism as particularly important in the Indian context. Using such a framework casts new light on the main drivers of the Indian macroeconomy, underlines its major sectoral interlinkages, and helps draw analytical and policy conclusions that are often sharply at variance with the conventional wisdom or widely held beliefs. 024967

Price: 13.95 USD
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2 Mihir Rakshit
Money and Finance in the Indian Economy
Oxford University Press; New Delhi, India; 2009; 0195696980 / 9780195696981; First Edition; Hard Cover; New; New; 
This book and its companion volume Macroeconomics of Post-reform India bring together essays written over the last fifteen years by eminent economist Mihir Rakshit. The essays cover practically all major macroeconomic developments in India in the process of transition from a Plan to a market-oriented economy. The focus of the essays in this volume is on the problems and policy concerns emerging in particular sectors. The issues discussed relate to the transition from a situation of credit constraint to one of excess liquidity; the source of fiscal imbalances and the measures for their correction; economic and policy implications of FCI’s excess food stocks and the rapid build-up of foreign exchange reserves; the pros and cons of foreign institutional investments (FIIs); and the strengths and weaknesses of the banking system under the liberalized regime. The problems and issues addressed in these essays are diverse, and so is their focus and emphasis. However, the unifying factor is their analysis that draws on a macro-theoretic framework appropriate to the Indian economy. 024970

Price: 15.95 USD
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