The Current State of Financial and Regulatory Frameworks in Asian Economies: The Case of India
31 Pages Posted: 4 Aug 2011
Date Written: August 4, 2011
Abstract
Despite having a low exposure to the toxic assets involved in the sub-prime crisis and a gradualist approach towards liberalization of the financial sector, certain parts of the Indian financial sector were significantly affected by the global financial crisis. Though Indian policymakers reacted in a proactive manner and introduced a host of measures to counter the adverse effects of the financial crisis, the recovery has not been uniform; several markets and sectors are still reeling from the crisis’ aftershocks. The proposed Basel III norms are going to have a significant impact on the Indian financial sector.
Keywords: india global financial crisis, indian financial sector, basel iii norms
JEL Classification: F41, G15, O11
Suggested Citation: Suggested Citation