Financial markets: institutions and regulations

Abstract

For the past decade, post liberalisation, riding on the crest of the globalisation wave, the protected Indian economy has been buffetted by a series of changes. The decade of the 90s particularly has seen significant changes in the Indian financial markets — in terms of institutions and instruments as well as the regulatory framework. Recent developments both in India and abroad, have further underscored the need to examine the issues pertaining to Indian financial markets.