Who Moved My Interest Rate?

Who Moved My Interest Rate?

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About the Book

Duvvuri Subbarao’s term as the governor of the Reserve Bank of India from 2008 to 2013 was by all accounts an unusually turbulent period for the world and for India. The global financial crisis erupted within a week of his assuming office. Who Moved My Interest Rate is an insider’s account of the dilemmas and quandaries Subbarao confronted while leading the Reserve Bank through these extraordinary economic and political challenges. Subbarao’s five years at the Reserve Bank also marked an intellectually vigorous period for central banking around the world. Not only did the global financial crisis test the policy force of central banks, but it also raised several questions about the breadth of their mandates and the limitations of their autonomy and accountability. While much of the existing debate is set in the advanced economy context, Who Moved My Interest Rate places these issues squarely in an Indian and emerging market perspective. This is also a compelling chronicle of Subbarao’s attempts to demystify the Reserve Bank and explain to the public its impact on their everyday lives. Honest, authoritative and deeply insightful, this book enhances our understanding of what is, arguably, one of India’s most trusted institutions.

About the Author

Duvvuri Subbarao served as governor of the Reserve Bank of India for five years (2008-13). Prior to that, he was finance secretary to the Government of India (2007–08), and secretary to the prime minister’s Economic Advisory Council (2005–07). Topping the civil services examination in 1972, he joined the Indian Administrative Service. In a career spanning thirty-five years, he was actively involved in implementing financial sector reforms at all levels. He is currently a Distinguished Visiting Fellow at the National University of Singapore.


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Product Details
  • ISBN-13: 9780670088928
  • Publisher: Penguin Books India Pvt Ltd
  • Binding: Hardback
  • No of Pages: 340
  • Spine Width: 33 mm
  • Width: 244 mm
  • ISBN-10: 0670088927
  • Publisher Date: 15 Jul 2016
  • Height: 170 mm
  • Returnable: Y
  • Weight: 574 gr


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