Financial Services and Markets English 2002

Financial markets play a vital role in mobilisation and collection of savings in the economy which provides useful inputs for formulation and implementation of policies and thus facilitate liquidity management which is consistent with the macroeconomic policy objectives. Financial Markets at present are taking shape for turbulent times. Corporate investment and financing decisions are guided, shaped and circumscribed by a fairly comprehensive regulatory framework. One of the basic problem with the financial system is that it continues to be fragmented by artificial barriers hindering smooth flow of resources making it inefficient and expensive. Keeping in view the significance of financial market changes taking place, this book has been prepared which brings together the different perceptions on the multi-dimensional process of Indian Financial System. It is hoped that this text-cum-reference book will be helpful to the business managers, policy-makers, researchers, students, stock markets, intermediaries and institutions and all those interested in the study of financial market developments. Financial markets play a vital role in mobilisation and collection of savings in the economy which provides useful inputs for formulation and implementation of policies and thus facilitate liquidity management which is consistent with the macroeconomic policy objectives. Financial Markets at present are taking shape for turbulent times. Corporate investment and financing decisions are guided, shaped and circumscribed by a fairly comprehensive regulatory framework. One of the basic problem with the financial system is that it continues to be fragmented by artificial barriers hindering smooth flow of resources making it inefficient and expensive. Keeping in view the significance of financial market changes taking place, this book has been prepared which brings together the different perceptions on the multi-dimensional process of Indian Financial System. It is hoped that this text-cum-reference book will be helpful to the business managers, policy-makers, researchers, students, stock markets, intermediaries and institutions and all those interested in the study of financial market developments.