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Who Moved My Interest Rate?
by Duvvuri Subbarao
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Duvvuri Subbarao`s term as thegovernor of the Reserve Bank ofIndia from 2008 to 2013 was by allaccounts an unusually turbulentperiod for the world and for India.The global financial crisis eruptedwithin a week of his assumingoffice. Who Moved My InterestRate is an insider`s account ofthe dilemmas and quandariesSubbarao confronted whileleading the Reserve Bank throughthese extraordinary economicand political challenges.Subbarao`s five years at theReserve Bank also marked anintellectually vigorous period forcentral banking around the world.Not only did the global financialcrisis test the policy force ofcentral banks, but it also raisedseveral questions about thebreadth of their mandates andthe limitations of their autonomyand accountability. While muchof the existing debate is set in theadvanced economy context, WhoMoved My Interest Rate placesthese issues squarely in an Indianand emerging market perspective.This is also a compellingchronicle of Subbarao`s attemptsto demystify the Reserve Bankand explain to the public itsimpact on their everyday lives.Honest, authoritative and deeplyinsightful, this book enhancesour understanding of what is,arguably, one of India`s mosttrusted institutions.
ISBN - 9780670088928
Pages : 340
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