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ডিসেম্বর 04, 2000
Development and Management of Forex Markets : A Central Banking Perspective
Mr. Venkataraman, distinguished guests and friends, I am thankful to the Forex Association of India for inviting me to this Session of the 21st Asia Pacific Forex Congress. I would like to add a special word of welcome to the delegates from Asia and the Pacific regions to Delhi to participate in this Congress. For us, this is a very special occasion as India, I believe, has a lot to learn from the experience of countries in our region in the proper development and man
Dr. Bimal Jalan, Governor, Reserve Bank of India
Mr. Venkataraman, distinguished guests and friends, I am thankful to the Forex Association of India for inviting me to this Session of the 21st Asia Pacific Forex Congress. I would like to add a special word of welcome to the delegates from Asia and the Pacific regions to Delhi to participate in this Congress. For us, this is a very special occasion as India, I believe, has a lot to learn from the experience of countries in our region in the proper development and man
জুলাই 13, 2000
Capital Flows and Self Reliance Redefined
Mr. President and friends, I consider it a great privilege and an honour to be invited to deliver the 27th Frank Moraes Memorial Lecture. While I did not have the privilege of meeting Mr. Frank Moraes, I am an admirer of his writings, which are at once, objective, informative, illuminating, and inspiring. I must compliment the United Writers Association for keeping alive his memory in a befitting manner. I must also compliment the organisers for their tradition of inv
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Mr. President and friends, I consider it a great privilege and an honour to be invited to deliver the 27th Frank Moraes Memorial Lecture. While I did not have the privilege of meeting Mr. Frank Moraes, I am an admirer of his writings, which are at once, objective, informative, illuminating, and inspiring. I must compliment the United Writers Association for keeping alive his memory in a befitting manner. I must also compliment the organisers for their tradition of inv
জুন 24, 2000
Issues in Managing Capital Account Liberalisation
The objectives of this presentation are:(i) To suggest the need of some of the developing countries for managing capital account, implying elements of control, regulation and liberalisation as appropriate.(ii) to emphasise the importance of both international and national context in the management of capital account.(iii) to outline the contours of control and regulatory framework and the possible use of these in prioritising capital flows while suggesting the dynamic
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
The objectives of this presentation are:(i) To suggest the need of some of the developing countries for managing capital account, implying elements of control, regulation and liberalisation as appropriate.(ii) to emphasise the importance of both international and national context in the management of capital account.(iii) to outline the contours of control and regulatory framework and the possible use of these in prioritising capital flows while suggesting the dynamic
জুন 22, 2000
Operationalising Capital Account Liberalisation : Indian Experience
The objective of this paper is to narrate the Indian experience in operationalising capital account liberalisation. At the outset, the Indian context is described followed by a brief account of the factors that triggered the process of liberalisation in the ‘nineties. The policy framework that governed liberalisation, the process of liberalisation and the current framework of controls are then explained. Subsequent sections describe the management of capital account a
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
The objective of this paper is to narrate the Indian experience in operationalising capital account liberalisation. At the outset, the Indian context is described followed by a brief account of the factors that triggered the process of liberalisation in the ‘nineties. The policy framework that governed liberalisation, the process of liberalisation and the current framework of controls are then explained. Subsequent sections describe the management of capital account a
জুন 13, 2000
Changing Role of RBI: Agenda for Attention
Mr. Chairman and friends, I am grateful to the organisers of the Madon Memorial Lecture for inviting me to deliver this Lecture. That the contributions of Shri B.F. Madon are of lasting value is evident from the fact that although, over seventy years have elapsed since he passed away, lectures in his memory are organised, and the response is still overwhelming. There are several reasons why I feel especially elated at my association with this lecture series. First, Ma
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Mr. Chairman and friends, I am grateful to the organisers of the Madon Memorial Lecture for inviting me to deliver this Lecture. That the contributions of Shri B.F. Madon are of lasting value is evident from the fact that although, over seventy years have elapsed since he passed away, lectures in his memory are organised, and the response is still overwhelming. There are several reasons why I feel especially elated at my association with this lecture series. First, Ma
সেপ্টেম্বর 03, 1999
Development of Forex Markets: Indian Experience
Mr. Chairman and Friends, I am thankful to the organisers for giving me this opportunity to be with distinguished Central Bank Governors and professionals in forex business from South Asia. Since we met last in Hyderabad a year ago, the financial world has come out of a serious crisis, perhaps wiser and more sober. We could at this stage, therefore, give some attention to structural and developmental aspects of the external sector – including forex markets. I, therefo
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Mr. Chairman and Friends, I am thankful to the organisers for giving me this opportunity to be with distinguished Central Bank Governors and professionals in forex business from South Asia. Since we met last in Hyderabad a year ago, the financial world has come out of a serious crisis, perhaps wiser and more sober. We could at this stage, therefore, give some attention to structural and developmental aspects of the external sector – including forex markets. I, therefo
জুন 11, 1999
External Debt Policies in Emerging Economies : New Dimensions
Mr. Chairman and friends,At the outset, I would like to express my gratitude to Dr.Shanker Acharya, Mr.Ravi Mohan and Mr.Sanjay Kathuria, who gave me an opportunity to attend this seminar on ‘Corporate External Debt Management’. The deliberations have indeed been a feast and there is nothing but admiration for the outstanding organisational abilities of all concerned. There has been an ideal mix of participants and subjects. In the previous Seminar on external debt at
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Mr. Chairman and friends,At the outset, I would like to express my gratitude to Dr.Shanker Acharya, Mr.Ravi Mohan and Mr.Sanjay Kathuria, who gave me an opportunity to attend this seminar on ‘Corporate External Debt Management’. The deliberations have indeed been a feast and there is nothing but admiration for the outstanding organisational abilities of all concerned. There has been an ideal mix of participants and subjects. In the previous Seminar on external debt at
ফেব 20, 1999
Euro and its Implications for India
Mr.Singh and friends, It gives me great pleasure to deliver the keynote address at this seminar today. True, a lot has already been said and done on Euro and it is not easy to be original or innovative or even funny on a subject like this at this stage. But, Euro as a subject is of great contemporary relevance to all of us. So, we have to keep revisiting it. In any case, when my senior colleague and good friend Mr.R.V.Gupta asked me to deliver this address, I could no
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Mr.Singh and friends, It gives me great pleasure to deliver the keynote address at this seminar today. True, a lot has already been said and done on Euro and it is not easy to be original or innovative or even funny on a subject like this at this stage. But, Euro as a subject is of great contemporary relevance to all of us. So, we have to keep revisiting it. In any case, when my senior colleague and good friend Mr.R.V.Gupta asked me to deliver this address, I could no
নভেম্বর 23, 1998
Managing Capital Flows
Capital inflows to developing countries have many beneficial effects, especially in financing investment and economic growth; but they are also sometimes problematic for policy makers in developing countries. Large capital flows could push up monetary aggregates, create inflationary pressures, destabilise exchange rate, affect domestic financial sector, and finally disrupt the economy if and when such flows get reversed or drastically reduced. The experience so far ha
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Capital inflows to developing countries have many beneficial effects, especially in financing investment and economic growth; but they are also sometimes problematic for policy makers in developing countries. Large capital flows could push up monetary aggregates, create inflationary pressures, destabilise exchange rate, affect domestic financial sector, and finally disrupt the economy if and when such flows get reversed or drastically reduced. The experience so far ha
ফেব 20, 1998
Key note address at the CII seminar on "Emerging Scenario in Foreign Currency Management
Key note address by Dr. Y V Reddy, Deputy Governor, Reserve Bank of India, at the CII seminar on `Emerging Scenario in Foreign Currency Management' on February 20, 1998 in Mumbai. Emerging Concerns and State of Indian Economy Chairman and friends, On this occasion, I propose to address the limited issue of identifying the emerging concerns on the state of economies of emerging markets with particular reference to recent developments and place before you a factual acco
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Key note address by Dr. Y V Reddy, Deputy Governor, Reserve Bank of India, at the CII seminar on `Emerging Scenario in Foreign Currency Management' on February 20, 1998 in Mumbai. Emerging Concerns and State of Indian Economy Chairman and friends, On this occasion, I propose to address the limited issue of identifying the emerging concerns on the state of economies of emerging markets with particular reference to recent developments and place before you a factual acco

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