Y V Reddy on UN panel for economic crisis

Y V Reddy on UN panel for economic crisis

Former RBI Governor Y V Reddy is among members of a high-level panel of economists appointed by UN General Assembly President Miguel d’Escoto to suggest measures to deal with the current economic crisis, including possible reform of global financial institutions.

Joseph Stiglitz, who won the Nobel Prize for Economics in 2001 and is a former chief economist of the World Bank, will chair the panel which will suggest steps that member states can take to secure a more stable global economic order.

Reddy and other members of the panel are also expected to suggest possible reform of the international financial institutions.