Global Financial Crisis and the Indian Economy
Contents: Foreword. Editorial advisers. About the book. Editor’s profile. Contributors. 1. Global financial crisis and the Reserve Bank of India (RBI)/B. Rajasekran and A. Thasleem Ahmed. 2. Financial engineering and financial crisis/J. Sundar Raj, R. Vijay Kumar and S. Ratheesh. 3. Foreign Direct Investment (FDI) and economic growth in India/S. Balamurugan and K.K. Manikandan. 4. Foreign Institutional Investors (FIIS) and Indian stock market/P. Meena and Mangayarkarasi. S. 5. Global downturn and stock markets/K. Bharath, Milan Mohan O. and Rajeesh T.R. 6. Global meltdown and India/M. Moorthi and S. Megalatha. 7. Global financial crisis, collateral damage and response/Vairamani. P. and Vijayagur. K. 8. Global economic crisis and India/N. Balakrishnan and P. Mohanraj. 9. Global financial crisis and global marketing/F. Mohamed Sabura and C.G. Sivasankar. 10. Green marketing and global environment/Fathima Nagoor and Mohideen Ameer Abbas. 11. Impact of globalisation on Indian economy/T. Tamilmathi, N. Gunasegari and D. Krishnakumar. 12. Global financial crisis and Human Resources Management (HRM)/M. Lakshmi Priya and Vinoth. M. 13. Employee retention strategy in the context of global financial crisis/Venkatesh. J. and K. Kala. 14. Globalisation and welfare of women employees/T. Sumathi and S. Thaiyalnayaki. 15. Global financial crisis and Business Process Outsourcing (BPO)/P. Sudarkodi and G. Sathishkumar. 16. Impact of global financial crisis on production/N. Gunasekaran and M.S. Ramya. 17. Global meltdown and challenges of entrepreneurial development/G. Gopalakrishnan and Vikram. J. 18. Business Process Outsourcing (BPO) in the Indian economy/M. Rajarajan, S. Thirumaran and Jinse George. Appendix. Index.
“The current global financial situation continues to be uncertain and unsettled. What started off as a sub prime crisis in the US housing mortgage sector has turned successively into a global banking crisis, global financial crisis and now a global economic crisis. It has been billed by experts as the worst since the Great Depression of late 1920s and early 1930s that originated in the advanced economies and rapidly engulfed the whole world.
The financial turmoil which surfaced in August 2007 in the US financial system as a result of defaults of sub-prime mortgage loans has blown into an unprecedented financial crisis engulfing international money, credit, equity and foreign exchange markets.
India has remained relatively immune from the fallout of the crisis due to several reasons including prudential, supervisory and regulatory framework of the Reserve Bank of India (RBI). More importantly, the Indian banking system has shown remarkable market discipline, docility, and sincerity of purpose as against the financial gimmicks and dubious practices of the financial institutions in the US. It is heartening to note that in India, complex structures like synthetic securitisations have not been permitted so far.
This book contains 18 articles on the subject by experts in the field of finance and development, covering almost all dimensions of the ongoing worldwide financial turmoil.” (jacket)
