Please use this identifier to cite or link to this item: https://ir.iimcal.ac.in:8443/jspui/handle/123456789/761
Full metadata record
DC FieldValueLanguage
dc.contributor.authorRay, Partha
dc.contributor.authorVirmani, Arvind
dc.date.accessioned2021-08-26T05:45:06Z-
dc.date.available2021-08-26T05:45:06Z-
dc.date.issued2012
dc.identifier.urihttps://www.un-ilibrary.org/content/books/9789210555036c007
dc.identifier.urihttps://ir.iimcal.ac.in:8443/jspui/handle/123456789/761-
dc.descriptionPartha Ray, Department of Economics, Indian Institute of Management Calcutta, Kolkata;
dc.descriptionISSN/ISBN - 978-9210555036
dc.descriptionpp.43-64
dc.descriptionDOI - https://doi.org/10.18356/01544b3c-en
dc.description.abstractThe policymaker devising a financial Liberalization program is often faced with a choice of cold-turkey approach versus the gradualism approach. While it is not a zero-one choice, economy-specific discussions of economic Liberalization in general and financial Liberalization in particular start with a priori. Depending on the ideological location of the exponent, the pace of Liberalization is frequently labelled “fast” and “slow”. This chapter argues that such branding of the pace of Liberalization suffers from an inherent over-simplification and that economy-specific contexts need to be appreciated before pronouncing any value judgement about the pace of reform. At the risk of repeating a cliché, the analogy could be one of driving a car where depending on the road condition, the driver needs to zero in on an optimal application of the gas paddle vis-à-vis brakes. To say that driving was slow or fast without any reference to the road condition is intrinsically misleading. Without trivialising the analogy, this chapter presents an analytical account of the financial Liberalization in India.
dc.publisherAR-IIMC
dc.publisherIn the book Twenty Years of India's Liberalisation: Experiences and Lessons by United Nations Conference on Trade and Development
dc.publisherUN-iLibrary
dc.publisherGeneva
dc.relation.ispartofseriesDecember
dc.titleCalibrated Financial Liberalisation in India: Has it Served the Country?
dc.typeBook Chapter
Appears in Collections:Economics

Files in This Item:
There are no files associated with this item.


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.