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Public Financial Crisis
Financial and Fiscal Policies: Crises and New Realities by Y V Reddy, Narayan Valluri and Partha Ray; New Delhi: Oxford University Press, 2014; pp xviii and 344, Rs 995.
The views expressed here are personal.
It is no longer easy to write a book on the global financial crisis, even though its aftershocks continue to linger. This is because a lot has already been, and continues to be, written on a subject explored, dissected and microscoped from every conceivable angle. The question that inexorably arises while reviewing a book of this sort is what is distinctive that would keep the reader interested? I can think of five reasons.
Distinctive Reasons
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