There are other players that can become a source of risks to financial stability, to the economy, to taxpayers’ money and to our wealth. But let us begin by taking a look at the banks. 2  The banks  Leaving aside all the nitty-gritty, there is one thing I believe we should do: we have to bring more market to the financial market.
India’s own position on the global reserve currency is that the world will be better served by increasing the number of reserve currencies, but this has to happen in an organic way, not by fiat. Meanwhile countries need safety-nets to protect themselves against the vulnerabilities of the global currency system.