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Global banking after the GFC: lessons for India

Andy Mullineux (Business School, Bournemouth University, Bournemouth, UK)

Journal of Indian Business Research

ISSN: 1755-4195

Article publication date: 15 June 2015

341

Abstract

Purpose

This paper is based on a keynote presentation at the 2nd Pan IIM World Management Conference hosted by the Indian Institute of Management (IIM) in Kozhikode (IIMK) in November 2014.

Design/methodology/approach

This paper draws lessons from the “Global” Financial Crisis for the governance, regulation and structural reform of banking, as well as monetary policy in a globalising financial system. Lessons are also drawn from the Eurozone Crisis, the Asian Financial Crisis and China.

Findings

This paper concludes that the appropriate extent of state ownership of banks and the process for reducing it, while also recapitalising banks, along with the development of capital markets, should be an integral part of India’s wider structural reform programme.

Originality/value

The paper provides lessons for India with regard to banking and economic growth, financial sector development and addressing market failures in small- and medium-sized enterprises and infrastructural finance.

Keywords

Citation

Mullineux, A. (2015), "Global banking after the GFC: lessons for India", Journal of Indian Business Research, Vol. 7 No. 2, pp. 196-204. https://doi.org/10.1108/JIBR-01-2015-0010

Publisher

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Emerald Group Publishing Limited

Copyright © 2015, Emerald Group Publishing Limited

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