Of Vedanta & de-risking global finance

Mr Mishra says Vedanta philosophy should be applicable to financial innovations

There are many books on the global financial crisis triggered by the collapse of US investment bank Lehman Brothers and the lessons learnt from it. But this book, written by someone who has been a central banker for more than a decade, is different from the pack. 

Rabi Mishra, currently an executive director of the Reserve Bank of India (RBI), had headed its financial stability unit (set up in the aftermath of the crisis) and was a principal chief general manager of the risk monitoring department. These assignments have a bearing on his narrative: He has dealt with a very complex