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Financial and Fiscal Policies – Crises and New Realities - Oxford Scholarship Online
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Financial and Fiscal Policies: Crises and New Realities

Y. V. Reddy, Narayan Valluri, and Partha Ray


The world economy has been in a crisis mould since 2007. What started as a sub-prime crisis in the residential mortgage market in the US resulted in a global financial crisis, uneven recovery, and persisting uncertainties with new challenges to several areas of public policy. The eruption of the sovereign debt crisis in some countries in the euro area has led to a setback to the incipient recovery. The emerging markets which appeared somewhat resilient in the initial stages have since been subjected to uncertainties. In this backdrop, this book addresses evolving complex linkages between monet ... More

Keywords: global financial crisis, great recession, euro area crisis, sovereign debt crisis, fiscal policy, financial policy, monetary policy, sovereign debt restructuring, sub-national finance

Bibliographic Information

Print publication date: 2014 Print ISBN-13: 9780199452651
Published to Oxford Scholarship Online: November 2014 DOI:10.1093/acprof:oso/9780199452651.001.0001


Affiliations are at time of print publication.

Y. V. Reddy, author
Chairman, Fourteenth Finance Commission, Government of India

Narayan Valluri, author
Adviser, Administrative Staff College of India (ASCI) Hyderabad

Partha Ray, author
Professor (Economics Group), Indian Institute of Management Calcutta