Download Who Moved My Interest Rate Epub Ý 360 pages ½ Duvvuri subbarao


Book Who Moved My Interest Rate

Download Who Moved My Interest Rate Epub Ý 360 pages ½ Duvvuri subbarao Ô ❰PDF❯ ✩ Who Moved My Interest Rate Author Duvvuri Subbarao – Gwairsoft.co.uk Duvvuri Subbarao’s term as the governor of the Reserve Bank of India from 2008 to 2013 was by all accounts an unusuallyOmy and accountability While much of the existing debate is set in the advanced economy context Who Moved My Interest Rate places these issues suarely in an Indian and emerging market perspectiveThis is also a compelling chronicle of Subbarao’s attempts to demystify the Reserve Bank and explain to the public its impact on their everyday lives Honest authoritative and deeply insightful this book enhances our understanding of what is arguably one of India’s most trusted institutions Here is a book I expected to be a drab read but turned out to be a really engaging read Duvvuri Subbarao a retired IAS officer who went on to become the 22nd Governor of the Reserve Bank of India recounts his years leading the Central Bank for five yearsD Subbarao’s term at the Reserve Bank coincided with a period of global turmoil Initially beset by the ever looming price rise problem followed by the US sub prime crisis that spilled over to become the Great Recession and that followed by the Rupee depreciation woes no other Reserve Bank Governor might have had to face similar challenges in recent times As fate would have it the fortunes of the Indian Economy would reverse within a week of Subbarao’s retirementA person should be sized up based on the challenges that he had to face and judged based on his responses to those challenges As for the challenges that Rao took on there is no uestion about their nature In a way he was left with no choice than to confront them However all credit goes to Rao in steering the Indian Economy through those troubling years and emerging through the other side without many scratchesThis book is an attempt to recount the decisions that he made in those years and the thought process that went into taking those decision Reading through Rao you get a good picture of the economic decision making of the country the working of the Reserve Bank of India a first hand account of someone who had to stare the Recession monster in the eye and also the other issues that rocked the economic scene in IndiaRao’s writing style is lucid and to the point and hence doesn’t bore you As a person who retired as a senior bureaucrat I was expecting the book to not have the charms that are usually associated with other popular economists I was proven wrong The book also serves as a very good introductory course on monetary policy making in India It also throws light on the entire spectrum of activities of the Reserve Bank of India which is not limited to monetary policy making or inflation targetingThe book also provides a good insight into the level of policy coordination that took place at the international level in those days The way in which the leaders of the world cooperated and coordinated was hitherto unseen and indeed provides much hope for the future of global economy Rao’s memoir as an insiders account gives us a ringside view of the eventsAnother takeaway from reading this book was the numerous book suggestions that kept popping in Some of them like portfolios of the poor Chasing the monsoon etc have made it into my reading list It is a beautiful thing when you are able to get book recommendations from an author you are readingGiven that Rao’s book was published recently I was able to connect to most of the events that have been discussed Given my interest in the stock markets I found some insights into areas where I was not particularly expecting inputs For example the regulation of the micro finance industry in Andhra Pradesh by the legislature and the RBI’s view that it was an act of legislative overreach by the Andhra assembly was very interesting It would amuse me later that this same issue goes on to be mentioned in another light in the next book that I would read Bulls Bears and other beastsOverall I think the author has done a very good job of recounting his days as the Reserve Bank Governor History might judge Subbarao’s results as a Governor to be a “mixed bag” but it sure won’t judge his work as an author that way The book is an excellent read and recommended

Who Moved My Interest RateOmy and accountability While much of the existing debate is set in the advanced economy context Who Moved My Interest Rate places these issues suarely in an Indian and emerging market perspectiveThis is also a compelling chronicle of Subbarao’s attempts to demystify the Reserve Bank and explain to the public its impact on their everyday lives Honest authoritative and deeply insightful this book enhances our understanding of what is arguably one of India’s most trusted institutions Here is a book I expected to be a drab read but turned out to be a really engaging read Duvvuri Subbarao a retired IAS officer who went on to become the 22nd Governor of the Reserve Bank of India recounts his years leading the Central Bank for five yearsD Subbarao’s term at the Reserve Bank coincided with a period of global turmoil Initially beset by the ever looming price rise problem followed by the US sub prime crisis that spilled over to become the Great Recession and that followed by the Rupee depreciation woes no other Reserve Bank Governor might have had to face similar challenges in recent times As fate would have it the fortunes of the Indian Economy would reverse within a week of Subbarao’s retirementA person should be sized up based on the challenges that he had to face and judged based on his responses to those challenges As for the challenges that Rao took on there is no uestion about their nature In a way he was left with no choice than to confront them However all credit goes to Rao in steering the Indian Economy through those troubling years and emerging through the other side without many scratchesThis book is an attempt to recount the decisions that he made in those years and the thought process that went into taking those decision Reading through Rao you get a good picture of the economic decision making of the country the working of the Reserve Bank of India a first hand account of someone who had to stare the Recession monster in the eye and also the other issues that rocked the economic scene in IndiaRao’s writing style is lucid and to the point and hence doesn’t bore you As a person who retired as a senior bureaucrat I was expecting the book to not have the charms that are usually associated with other popular economists I was proven wrong The book also serves as a very good introductory course on monetary policy making in India It also throws light on the entire spectrum of activities of the Reserve Bank of India which is not limited to monetary policy making or inflation targetingThe book also provides a good insight into the level of policy coordination that took place at the international level in those days The way in which the leaders of the world cooperated and coordinated was hitherto unseen and indeed provides much hope for the future of global economy Rao’s memoir as an insiders account gives us a ringside view of the eventsAnother takeaway from reading this book was the numerous book suggestions that kept popping in Some of them like portfolios of the poor Chasing the monsoon etc have made it into my reading list It is a beautiful thing when you are able to get book recommendations from an author you are readingGiven that Rao’s book was published recently I was able to connect to most of the events that have been discussed Given my interest in the stock markets I found some insights into areas where I was not particularly expecting inputs For example the regulation of the micro finance industry in Andhra Pradesh by the legislature and the RBI’s view that it was an act of legislative overreach by the Andhra assembly was very interesting It would amuse me later that this same issue goes on to be mentioned in another light in the next book that I would read Bulls Bears and other beastsOverall I think the author has done a very good job of recounting his days as the Reserve Bank Governor History might judge Subbarao’s results as a Governor to be a “mixed bag” but it sure won’t judge his work as an author that way The book is an excellent read and recommended

Pdf È Who Moved My Interest Rate ½ Duvvuri Subbarao

Who Moved My Interest Rate Ç St Rate is an insider’s account of the dilemmas and uandaries Subbarao confronted while leading the Reserve Bank through these extraordinary economic and political challengesSubbarao’s five years at the Reserve Bank also marked an intellectually vigorous period for central banking around the world Not only did the global financial crisis test the policy force of central banks but it also raised several uestions about the breadth of their mandates and the limitations of their auton Delightful read A very candid account on the turbulent times between 2008 and 2013 Probably doesn't get enough credit for the job he didFavorite uotesYV Reddy Everywhere in the world the future is uncertain; In India even the past is uncertain on the lack of accurate data The Reserve bank is completely free within the limits set by the Government on the autonomy of the Central bankKeynes When the facts change I change my mind What do you do sir?PS Mr Reddy's biography is out too Bound to be a funny one Pdf È Who Moved My Interest Rate ½ Duvvuri Subbarao

Duvvuri Subbarao ½ Who Moved My Interest Rate Mobi

Duvvuri Subbarao ½ Who Moved My Interest Rate Mobi Duvvuri Subbarao’s term as the governor of the Reserve Bank of India from 2008 to 2013 was by all accounts an unusually turbulent period for the world and for India The global financial crisis erupted within a week of his assuming office Then just as the impact of the crisis on India ebbed the action shifted to combating a decade high stubborn inflation during 2009¬¬¬¬–11 which segued into a battle against a sharp depreciation of the rupee starting mid 2012 Who Moved My Intere The former RBI Governor provides an Indian perspective of the financial crash of 2008 and the turbulent years that followed This book provides a very good view at how decisions are taken and implemented at probably the most important institution of our country He recounts the continuous pressure from the last government to cut interest rates The importance of an autonomous Central Bank has been highlighted numerous times which I also think is the most important thing for the RBI He also raises a very valid point that the policies of the western countries cannot be blindly adopted in India The conditions and priorities of an emerging country like ours are very different He had reservations about the role of USD as the pre eminent global reserve currency which is not unfoundedDuvvuri Subbarao had many critics of his policies and methods But as he says it is very easy to criticize with the benefit of hindsight and very tough to implement decisions in real time He also raises uestions about the uality of data being provided to RBI and the country at large based on which a lot of policy decisions are being taken Its accuracy has always been uestionableHe was a very trigger happy governor changing interest rates 23 times during his tenure but this was necessary due to the conditions prevailing after the Lehman crisis I think he was a very able Governor who steered our country in the right direction in a very challenging time and stood his ground while taking decisions