took place in financial regulation sector during liberalisation of its economy in 1991. Pre liberalisation India had a … intervention. It could be argued that India was a pre regulatory state before liberalisation reforms. Instead of independent … for foreign investment, and setting up of sector specific regulators – India arguably became a ‘regulatory state’. I aim …

process of financial globalization. Our central findings indicate that policies promoting financial sector development …, institutional quality and trade openness appear to help developing countries derive the benefits of globalization. Similarly, sound … unavoidable tensions inherent in evaluating the risks and benefits associated with financial globalization. In light of these …