Indiawereconcerned with three main issues: monetary policy and asset prices, financial stability, and macro-prudential regulation. Three … regulation aiming at safeguarding the financial system as a whole. The book then argues that the crisis led to a paradigm shift … regulation, corporate governance, and globalization. The book analyses how the characteristics of each of these four categories …

Stability and Macroprudential Regulation: An Indian Perspective by Dilip Nachane (Emeritus Professor, IGIDR).- Chapter 3. Crisis …-prudential regulation. Three related issues which are also considered important in the Indian context are rule vs. principle … equilibrium approach to regulation aiming at safeguarding the financial system as a whole. The book then argues that the crisis …