Structural Problems in Financing Development: Issues Relating to India

This paper argues that the process of financing development in India increased the fragility of the financial market. Consequently, the need arose for the government to implement policies that would reduce that fragility, and also to introduce strong enforceable bankruptcy laws, in order to prevent the emergence of corruption. It appears that the recent capital market reform did not give adequate attention to reducing the fragility of the financial market.

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Year of publication:	2006
Authors:	Basu, Santonu
Published in:	International Review of Applied Economics. - Taylor & Francis Journals, ISSN 0269-2171. - Vol. 20.2006, 1, p. 85-101
Publisher:	Taylor & Francis Journals
Subject:	Financial reforms \| credit standard \| economic development \| India

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005445803