Financial and Fiscal Policies

Crises and New Realities
Erscheinungsjahr 2014
ISBN: 978-0-19-945265-1
Verlag: Oxford University Press

Buch, Englisch, 348 Seiten, Format (B × H): 148 mm x 222 mm, Gewicht: 562 g

The world economy has been in a crisis mould since 2007. What started as a sub-prime crisis in the residential mortgage market in the US, resulted in a global financial crisis, uneven recovery and persisting uncertainties with new challenges to several areas of public policy. The eruption of the Sovereign debt crisis in some countries in the euro area has led to a setback to the incipient recovery. The emerging markets which appeared somewhat resilient in the initial stage, have since been subjected to uncertainties. In this backdrop, this book addresses evolving complex interlinkage between monetary, financial, and fiscal policies across the globe.

The book is organized into three distinct themes. First, the impact of the crisis on fiscal positions and fiscal implications of the measures undertaken to deal with the crisis on the global economy are narrated. Second, cross-country experiences with special emphasis on the euro area economies as well as India are explored. Finally, issues relating to the interaction between monetary, fiscal and financial policies are analysed, with emphasis on public debt management, sovereign debt restructuring, taxation and regulation of the financial sector and sub-national finance. The concluding chapter presents the emerging challenges.

Autoren/Hrsg.

Reddy, Y V

Valluri, Narayan

Ray, Partha

Fachgebiete

• Interdisziplinäres Wissenschaften Wissenschaften Interdisziplinär Entwicklungsstudien
• Sozialwissenschaften Politikwissenschaft Internationale Beziehungen Entwicklungspolitik, Nord-Süd Beziehungen
• Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft Entwicklungsökonomie & Emerging Markets

Inhaltsverzeichnis

- Acknowledgements

- Preface

- 1: Introduction

- 2: Background

- 3: Impact of the Crisis on Fiscal Positions

- 4: Response to the Crisis and Fiscal Implications

- 5: The Crises and the Global Economy

- 6: Euro Area Economies

- 7: Euro Area Crisis and Contagion: Exploring Patterns and Solution Packages

- 8: India: Crisis and the Impact on Fiscal Space

- 9: Public Debt, National Income and Growth: A Selective Review

- 10: Crisis and Public Debt Management

- 11: Fiscal Implications and Central Banking

- 12: Sovereign Debt Restructuring

- 13: Taxation and Regulation of Financial Sector

- 14: Sub National Finance and Crisis

- 15: Emerging Challenges

- References

Über Autor(innen)

Y.V. Reddy is Chairman, Fourteenth Finance Commission, Government of India.

Narayan Valluri is Adviser, Administrative Staff College of India (ASCI) Hyderabad.

Partha Ray is Professor (Economics Group), Indian Institute of Management Calcutta.