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

Gupta, Abhijit Sen, The Current State of Financial and Regulatory Frameworks in Asian Economies: The Case of India (August 4, 2011). ADBI Working Paper 303, Available at SSRN: https://ssrn.com/abstract=1904843 or http://dx.doi.org/10.2139/ssrn.1904843

Abhijit Sen Gupta (Contact Author)

Asian Development Bank ( email )

6 ADB Avenue, Mandaluyong City 1550
Metro Manila
Philippines

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