The Global Financial Crises (GFC) seems to have been more widespread than many other previous crises. Every segment of the global financial markets experienced tremors of the financial crisis, though at varying degrees. Interbank markets in western economies were the first to be affected with severe liquidity pressures as banks became reluctant to lend to each other on fear of counterparty risks.

The crisis evoked unprecedented policy responses, both domestically and internationally. Monetary authorities all over the world went far beyond their customary roles and resorted to aggressive monetary easing. The forceful and coordinated policy actions appear to have been successful in preventing a catastrophe. India could not remain unscathed and the global developments affected the financial and real activities in the second half of 2008-09. The present book focusses on how the GFC has impacted the outlook of the investment community and the various industry sectors in developed as well as developing countries. For this purpose, the book examines: (i) overall trends in various macroeconomic indicators and risk perceptions; (ii) foreign investment in emerging markets; and (iii) economy’s response to an emerging post-crisis investment landscape. Given the changing shape of the world economy, the book pays particular attention to the growing role of emerging developing economies like India in promoting global cross-border investment flows. 

R.K. Mishra, Senior Professor, Director and ONGC Subir Raha Chair Professor at the Institute of Public Enterprise (IPE), is a graduate of International Management Programme, SDA Bocconi, Milan, Italy.

He is a member of Editorial Board of many international and national journals published. He has supervised doctoral research for several universities in public administration, management, economics, commerce. His current interests include modernisation of state, civil service systems, financial administration, environmental administration, privatisation, state owned enterprises (SOE) reforms, restructuring, poverty management and good governance.

K. Trivikram (MA in Economics and Ph.D in Economics from Sri Venkateswara University) is a senior faculty member and Programme Coordinator of the PGDM as well as Executive PGDM at Institute of Public Enterprises, Hyderabad. He has published several research articles and working papers in national and. He is the Editor of Journal of Economic Policy and Research, IPE Journal of Management and the Journal of Institute of Public Enterprise which is widely appreciated by distinguished scholars both from India and abroad. His areas of interest include: public enterprise policy, corporate governance, business environment and privatisation aspects.