Viral Acharya on Restoring Financial Stability in India
b'
Today\\u2019s guest is\\xa0Viral Acharya, who is the C.V. Starr Professor of Economics in the Department of Finance at\\xa0New York University\\u2019s\\xa0Stern 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\\u2019s 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\\u2019s informal economy, problems with fiscal federalism, the role of technocrats and the role of ideology, and the reversal of policy direction towards more statism. \\xa0\\xa0
Full transcript of this episode
Click here for the latest Ideas of India episodes sent straight to your inbox!\\xa0
'