A monetary policymaker's passage to India

Yellen, Janet L.

Journal Article

A monetary policymaker's passage to India

Abstract: Each year, the President of the San Francisco Fed joins the Federal Reserve Board Governor responsible for liaison with Asia on a "fact-finding" trip to the region. These trips advance the Bank's broad objectives of serving as a repository of expertise on economic, banking, and financial issues relating to the Pacific Basin and of building ties with policymakers and economic officials there. The knowledge gained and the contacts developed are critical in understanding trends affecting the District, in carrying out responsibilities in banking supervision, and in ensuring that policymakers have the understanding of global economic trends necessary to conduct policy and promote the stability of global financial markets. This Economic Letter summarizes President Yellen's report on her trip to India in November 2005.

Keywords: Economic conditions - India; Banks and banking - India;