Thursday, Aug 13, 6:30 PM to 8:00 PM (IST)
 

In Conversation:
1.     Dr Viral V. Acharya
C.V. Starr Professor of Economics,
New York University Stern School of Business
Former Deputy Governor of the Reserve Bank of India (RBI)

2.     Professor Amol Agrawal
Assistant Professor, Amrut Mody School of Management
Ahmedabad University
 
Abstract:
Beyond the headline-grabbing issues, the Indian economy is struggling to solve a critical problem: How to restore and maintain financial stability on a durable basis. In his book titled, Quest for Restoring Financial Stability in India, Dr Viral Acharya talks about his quest for restoring financial stability in India and offers a plan for sustained improvement. Dr Acharya shares a plan to address the recapitalization needs of public sector banks, offering solutions on how to improve credit allocation by credit intermediaries and establish viable and efficient capital markets.
This book also raises questions about the re-emergence of fiscal dominance in India, not just of monetary policy tools but also of banking regulations. It makes a case for striking the right balance between the government, central bank, private sector, and markets, to drive long-run growth of the real economy. In the conversation, Professor Amol Agrawal will elicit Dr Acharya’s views on fiscal policy, monetary policy, and banking regulations. Dr Acharya will also explain the arguments and plans laid out in this book.