Testimonials of Tumultuous Times by Michael Debabrata Patra (Hardback)

£145.00
Available
Product Ref. (e.g. ISBN, SKU)
9781041012467
Published:
31 Jul 2025
Format:
Hardback
Number of pages:
190 pages
Dimensions:
234mm
Weight:
0.000kgs
This collection of speeches delivered by Michael Debabrata Patra, DG of the RBI, captures the trials and tumult of conducting monetary policy in India. This book covers a wide range of themes critical to central bankers and public policy, while chronicling the journey of the Indian financial system from fragility to resilience.
This collection of speeches delivered by Michael Debabrata Patra, Deputy Governor of the Reserve Bank of India, captures the trials and tumult of conducting monetary policy in India. This book covers a wide range of themes critical to central bankers and public policy, while chronicling the journey of the Indian financial system from fragility to resilience.Spread out over five years, these speeches mark a response to the polyshocks that have impacted the Indian economy since 2020: the COVID-19 pandemic, the Russia-Ukraine war, and the aggressive monetary tightening by advanced economy central banks. It illustrates how India has positioned itself as a leader in many international endeavours and offers a futuristic assessment of two major developments with the potential to reshape humanity: climate change and the advent of artificial intelligence. This book would thus enable students to explore the complexities of monetary policy in a real-world context, understanding the rationale behind key decisions that have shaped India's economic trajectory.This volume would serve as an essential reading material for postgraduate courses on the Indian economy and monetary policy. It would be useful to students, economists, policymakers, financial market participants, and historians.

About the Author: Michael Debabrata Patra was Deputy Governor responsible for monetary policy, financial markets, deposit insurance, research and statistics, international relations, and corporate strategy at the Reserve Bank of India (RBI) from January 2020 to January 2025. He was a member of the Monetary Policy Committee of the RBI, which is invested with the responsibility of monetary policy decision-making in India. He also served in the International Monetary Fund from December 2008 to June 2012. He has published a book and several papers on inflation, monetary policy, international trade and finance, including exchange rates and the balance of payments. A Fellow of Harvard University, where he undertook post-doctoral research, he has a Ph.D. in Economics from the Indian Institute of Technology, Mumbai.

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Number of pages 190

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