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This paper traces the story of Indian financial sector over the period 1950–2015. In identifying the trends and turns of Indian financial sector, the paper adopts a three period classification viz., (a) the 1950s and 1960s, which exhibited some elements of instability associated with laissez faire but underdeveloped banking; (b) the 1970s and 1980s that experienced the process of financial development across the country under government auspices, accompanied by a degree of financial repression; and (c) the period since the 1990s till date, that has been characterized by gradual and calibrated financial deepening and liberalization. Focusing more the third period, the paper argues that as a consequence of successive reforms over the past 25 years, there has been significant progress in making interest and exchange rates largely market determined, though the exchange rate regime remains one of managed float, and some interest rates remain administered. Considerable competition has been introduced in the banking sector through new private sector banks, but public sector banks continue have a dominant share in the market. Contractual savings systems have been improved, but pension funds in India are still in their infancy. Similarly, despite the introduction of new private sector insurance companies coverage of insurance can expand much further, which would also provide greater depth to the financial markets. The extent of development along all the segments of the financial market has not been uniform. While the equity market is quite developed, activities in the private debt market are predominantly confined to private placement form and continue to be limited to the bluechip companies. Going forward, the future areas for development in the Indian financial sector would include further reduction of public ownership in banks and insurance companies, expansion of the contractual savings system through more rapid expansion of the insurance and pension systems, greater spread of mutual funds, and development of institutional investors. It is only then that both the equity and debt markets will display greater breadth as well as depth, along with greater domestic liquidity. At the same time, while reforming the financial sector, the Indian authorities had to constantly keep the issues of equity and efficiency in mind.

Banks and banking. --- Capital market. --- Capital markets --- Market, Capital --- Finance --- Financial institutions --- Loans --- Money market --- Securities --- Crowding out (Economics) --- Efficient market theory --- Agricultural banks --- Banking --- Banking industry --- Commercial banks --- Depository institutions --- Money --- Banks and banking --- Capital market --- E-books --- Business, Economy and Management --- Banks and Banking --- Finance: General --- Insurance --- Industries: Financial Services --- Macroeconomics --- Monetary Policy --- Central Banks and Their Policies --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Insurance Companies --- Actuarial Studies --- Economic Development: Financial Markets --- Saving and Capital Investment --- Corporate Finance and Governance --- General Financial Markets: General (includes Measurement and Data) --- Pension Funds --- Non-bank Financial Institutions --- Financial Instruments --- Institutional Investors --- Public Enterprises --- Public-Private Enterprises --- Insurance & actuarial studies --- Civil service & public sector --- Stock markets --- Insurance companies --- Financial markets --- Public sector --- Economic sectors --- Stock exchanges --- Finance, Public --- India

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The book covers a wide range of topics of relevance to policymakers in countries that have sovereign wealth funds (SWFs) and those that receive SWF investments. Renowned experts in the field have contributed chapters. The book is organized around four themes: (1) the role and macrofinancial linkages of SWFs, (2) institutional factors, (3) investment approaches and financial markets, and (4) the postcrisis outlook. The book also discusses the challenges facing sovereign wealth funds in the coming years, from an inside perspective on countries, including Canada, Chile, China, Norway, Russia, and New Zealand. Economics of Sovereign Wealth Funds will contribute to a further understanding of the nature, strategies and behavior of SWFs and the environment in which they operate, as their importance is likely to grow in the coming years.

Sovereign wealth funds. --- Fonds souverains --- Political Science --- Law, Politics & Government --- Public Finance --- Sovereign wealth funds --- AA / International- internationaal --- 333.138.2 --- 336.033 --- 339.113 --- 333.602 --- 332.632 --- Funds, Sovereign wealth --- SWFs (Sovereign wealth funds) --- Investment of public funds --- Actieve organismen.Holdings. Portefeuillemaatschappijen. --- inkomsten van openbare bedrijven. --- Buitenlandse investeringen. --- Activiteiten en evolutie van de financiële markten. --- Investment of public funds. --- Public funds, Investment of --- Finance, Public --- Investments --- Legal investments --- Public investments --- E-books --- Actieve organismen.Holdings. Portefeuillemaatschappijen --- Activiteiten en evolutie van de financiële markten --- inkomsten van openbare bedrijven --- Buitenlandse investeringen --- Macroeconomics --- Banks and Banking --- Financial Risk Management --- Exports and Imports --- Investments: General --- Foreign Exchange --- Central Banks and Their Policies --- Pension Funds --- Non-bank Financial Institutions --- Financial Instruments --- Institutional Investors --- Monetary Policy --- International Investment --- Long-term Capital Movements --- Financial Crises --- General Financial Markets: General (includes Measurement and Data) --- Economic & financial crises & disasters --- Banking --- Finance --- International economics --- Financial crises --- Central banks --- Asset and liability management --- Global financial crisis of 2008-2009 --- International reserves --- Investment policy --- National accounts --- Foreign direct investment --- Balance of payments --- Currency crises --- Banks and banking, Central --- Foreign exchange reserves --- Global Financial Crisis, 2008-2009 --- Saving and investment --- Financial services industry

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The Legal Department and the Institute of the IMF held their eighth biennial seminar for legal advisers of central banks of member countries on May 7-17,2000. The papers presented in this volume are based on presentations made by the seminar participants. The seminar covered a broad range of topics, including activities of the IMF and other international financial institutions, sovereign debt restructuring, the architecture of the international financial system, and money laundering and the financing of terrorism. In addition, participants addressed the role of central banks, payment systems, securities, technology in the financial sector, and monetary arrangements.

AA / International- internationaal --- 347.730 --- 347.734 --- 347.735 --- Financiële instellingen: algemeen. --- Bank- en spaarinstellingen (recht). --- Monetair recht. Statuut van de munteenheid. --- Banques internationales --- Fc1.e --- 347 --- 347 Burgerlijk recht. Privaatrecht --- Burgerlijk recht. Privaatrecht --- Banking law --- Banks and banking, International --- Financial crises --- Money --- Law and legislation --- Banques --- Monnaie --- Crises financières --- Congresses. --- Droit --- Congrès --- Financiële instellingen: algemeen --- Monetair recht. Statuut van de munteenheid --- Bank- en spaarinstellingen (recht) --- Banks and Banking --- Investments: Bonds --- Money and Monetary Policy --- Public Finance --- Criminology --- Finance: General --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Illegal Behavior and the Enforcement of Law --- General Financial Markets: General (includes Measurement and Data) --- Monetary Systems --- Standards --- Regimes --- Government and the Monetary System --- Payment Systems --- Taxation, Subsidies, and Revenue: General --- Central Banks and Their Policies --- Bankruptcy --- Liquidation --- Banking --- Investment & securities --- Corporate crime --- white-collar crime --- Finance --- Monetary economics --- Legal support in revenue administration --- Anti-money laundering and combating the financing of terrorism (AML/CFT) --- Currencies --- Securities --- Crime --- Revenue administration --- Financial institutions --- Money laundering --- Banks and banking --- Bonds --- Revenue --- Financial instruments --- United States --- Exports and Imports --- Investments: General --- Industries: Financial Services --- International Investment --- Long-term Capital Movements --- Financial Institutions and Services: Government Policy and Regulation --- International economics --- Economic & financial crises & disasters --- Government securities --- Capital flows --- Balance of payments --- Financial services --- Capital movements --- Financial services industry --- Foreign Exchange --- Tax Evasion and Avoidance --- General Financial Markets: Government Policy and Regulation --- Public finance & taxation --- Financial services law & regulation --- Currency --- Foreign exchange --- Payment systems --- Financial markets --- Credit risk --- Financial regulation and supervision --- Bank supervision --- Clearinghouses --- Tax evasion --- White-collar crime