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Emerging Markets Perspectives on G-20 led Financial Reforms

The chapter examines progress as well as continuing concerns in G-20 led financial reforms, with particular emphasis on emerging markets (EMs). Although risks remain they are of a lower order of magni...

On Apr 25, 2019

News, Noise and Indian Business Cycle

New Keynesian Dynamic Stochastic General Equilibrium (DSGE) models with various specifications of technology, markup and interest rate shocks are estimated with Indian data using Kalman filter based p...

On Apr 25, 2019

When do regulatory interventions work?

Previous studies find mixed results about how a fee on high order-to-trade (OTR) ratios impacts market quality. Using a natural experiment where such a fee was introduced twice for different reasons,...

On Apr 25, 2019

New Technology and Emerging Occupations: Evidence from Asia

This paper investigates the emergence of new occupations by comparing various classifications of occupations and predicting probabilities to access them given workers’ characteristics. Systematic comp...

On Apr 24, 2019

Adverse Selection and Credit Certificates: Evidence from a P2P Platform

Certificates are widely used as a signaling mechanism to mitigate adverse selection when information is asymmetric. To reduce information asymmetry between lenders and borrowers, Chinese peer-to-peer...

On Apr 24, 2019

Big Data-Based Peer-to-Peer Lending Fintech: Surveillance System through Utilization of Google Play Review

Peer-to-peer lending (P2PL) FinTech is growing rapidly in Indonesia. With its flexibility and simplicity, P2PL reduces the gap in financing that cannot be fulfilled by banks. However, the rapid develo...

On Apr 23, 2019

Macroprudential Policy in Asian Economies

This paper analyzes the conduct and effects of macroprudential policy in 11 Asian economies. Of these, India, the People’s Republic of China, and the Republic of Korea frequently used loan-to-value ra...

On Apr 23, 2019

Public Expenditure on Old-Age Income Support in India: Largesse for a Few, Illusory for Most

Extant studies deciphering public expenditure on old-age income support in India carry limitations on (a) system expanse, (b) corresponding data collation, and therefore (c) depth of resource conscrip...

On Apr 02, 2019

Inter-Governmental Fiscal Transfers in the Presence of Revenue Uncertainty: The Case of Goods and Services Tax (GST) in India

A comprehensive multistage Value Added Tax (VAT) system, viz., Goods and Services Tax (GST), is introduced in India since 1 July 2017. GST encompasses various taxes from Union and State indirect tax b...

On Apr 02, 2019

The Political Economy of Gender Budgeting: Empirical Evidence from India

Gender budgeting is a public policy innovation to transform the gender commitments into budgetary commitments. The political economy process of gender budgeting in India has encompassed four distinct...

On Apr 02, 2019
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