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OverviewRaghuram Rajan, the former governor of the Reserve Bank of India (RBI), had once famously remarked, ""We are neither hawks, nor doves, we are owls.' However, the RBI is not an ordinary owl. It's a very wise owl with immense powers and responsibilities.There can be no argument that the RBI is not only among the very few islands of excellence when it comes to the institutions of the government of India, but also worthy of pre-eminence among all the other national banks in the world. Often described as the most conservative institution in India, this moniker has served the RBI well at all times. In recent years, however, the controversiesike personality-driven narratives and some policy decisions such as demonetization, in which the RBI may or may not have had a big say, have come under intense media scrutiny. This trend is not new, though. Through its more than eight decades of history, and twenty-four governors, right from Osborne Smith to Urjit Patel, the RBI has always faced constant pressure from different governments to prioritize growth over monetary and economic stability.The Story of the Reserve Bank of India documents the origins and evolution of the Reserve Bank of India, by analysing itseadership, its autonomy, its ""political economy' and its role in financial development. The book also explores the impact various governors have had in shaping the institution and its relationship with the government, especially the ministry of finance, in shaping India's economic policy.With in-depth research and wide-ranging accounts byeading economists, experts and former RBI governors and officials, this is the most impactful book ever written on the RBI. Full Product DetailsAuthor: Rahul BajoriaPublisher: Rupa Publications India Pvt. Ltd Imprint: Rupa Publications India Pvt. Ltd ISBN: 9789353046446ISBN 10: 9353046440 Pages: 296 Publication Date: 20 October 2018 Audience: General/trade , General Format: Hardback Publisher's Status: Active Availability: In Print This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us. Table of ContentsReviewsAuthor InformationTab Content 6Author Website:Countries AvailableAll regions |