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Fiscal Dominance - A Theory of Everything in India by Dr. Viral Acharya
During this talk, Professor Viral V. Acharya, C V Starr Professor of Economics at the Department of Finance, who served as the Deputy Governor of the Reserve Bank of India during 23rd January 2017 to 23rd July 2020, will share his experiences as a central banker as reflected in his recent book "Quest for Restoring Financial Stability in India", SAGE Publishing. Dr Acharya will offer the perspectives on the causes, consequences and remedies of the increasing dominance of the financial sector and central banking outcomes by India's growing fiscal deficit. The topics covered will include

I. Restoring financial stability - Resolution of non-performing assets and under-capitalised banks;
II. Improving information infrastructure - Setting up a Public Credit Registry;
III. Establishing viable capital markets to improve monetary policy transmission and external sector resilience; and,
IV. Aspiring for the right balance between the government, the central bank, and the markets.

Dr Acharya will engage in a Q&A post the talk.

Aug 5, 2020 06:30 PM in India

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