Viral Acharya on Restoring Financial Stability in India

Ideas of India

Shruti Rajagopalan and Mercatus Center at George Mason University에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Shruti Rajagopalan and Mercatus Center at George Mason University 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.

3+ y ago 1:34:09

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Today’s guest is Viral Acharya, who is the C.V. Starr Professor of Economics in the Department of Finance at New York University’s Stern School of Business. His recent book, Quest for Restoring Financial Stability in India is an excellent introduction to the problems of autonomous central banking in the face of fiscal dominance by the ever-expanding Indian state. The book contains a series of Viral’s lectures given during his tenure as Deputy Governor at the Reserve Bank of India.

This conversations covers his views on fiscal dominance and its impact on central banking, the current banking crisis brewing in India, India’s informal economy, problems with fiscal federalism, the role of technocrats and the role of ideology, and the reversal of policy direction towards more statism.

Full transcript of this episode

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