Financial Market Instability and Central Bank Response in India.

      Аннотация: The recent developments in global financial system have drawn considerable attention towards the importance of financial stability within the monetary policy framework. With the growing financial integration across nations the stability of financial sector has been perceived critical in maintaining over all macroeconomic stability of any economy. On this backdrop, this book presents a brief empirical exercise on the financial market stability considerations in the conduct of monetary policy in India. It will be a useful guide for researchers and students interested to learn about financial market instability and the subsequent monetary policy response in the Indian context.

Ключевые слова: Monetary Policy, Financial Stability, Reaction Function, Taylor rule, GMM Model