Since 2011, the decrease in interbank funding has been accompanied by a considerable increase in recourse to central bank refinancing. Over the last few years, in the four targeted longer-term refinancing operations carried out between June 2016 and March 2017, the Eurosystem allocated about € billion to Italian banks of the € billion destined for euro-area banks.
The book succeeds in providing a panoramic view of issues that have confronted the economy over the last two decades, a period that has been exciting for the Indian economy with the country moving from the throes of despair at the beginning of the decade of the 90s to a period of heady growth and further, to the present, when we are facing multiple challenges.