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Beggars' banquet

Few practitioners of fiscal policy have written about the crisis and its consequences for national fiscs. Financial and Fiscal Policies seeks to fill that gaps

FINANCIAL AND FISCAL POLICIES Crises and New realities Y V Reddy, Narayan Valluri and Partha Ray Oxford University Press 344 pages; Rs 995 In the middle of September 2008, American and European banks precipitated a global financial crisis from which the world will take another five years - at the very least - to recover. When it does, the old world order - political, military, economic and financial - would have changed forever. The biggest change will be the end of western dominance and the emergence of new economic and military power centres that can look the West squarely in the ...