The paper discusses past virtuous growth cycles in India and argues that the post Covid-19
macro-financial package is an opportunity to trigger another such cycle, by raising marginal
propensities t...
by Ashima Goyal | On 14 May 2020 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...
by Ashima Goyal | On 25 Apr 2019 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...
by Ashima Goyal | On 25 Apr 2019 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,...
by Nidhi Aggarwal | On 25 Apr 2019 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...
by Soyoung Kim | On 23 Apr 2019 The paper will provide policy suggestions, such as establishment of credit guarantee funds for easing the female-owned SMEs’ access to finance in Asia. Implementation of supportive policies for female...
by Farhad Taghizadeh-Hesary | On 01 Apr 2019 This paper identifies five factors that can capture 95% of the variance across 39 US dollar exchange rates based on the principal component method. A time-varying parameter factor-augmented vector aut...
by Hongyi Chen | On 01 Apr 2019 Over 2017-18 there was a sharp rise in Indian government securities (G-Secs) interest rates unrelated to fundamentals. Examining each of the standard explanatory variables shows them to be inadequate...
by Ashima Goyal | On 29 Mar 2019 The paper extends the literature by conducting the survey in a relatively low-income Asian economy— the Lao PDR—and analyzing the determinants of financial literacy and the effects of financial litera...
by Peter J. Morgan | On 12 Mar 2019 The goal of the note is to lay out and discuss a package of reforms that could be consistent with the objectives of the government. The fiscal instruments that we consider here include the division of...
by Roy Bahl | On 07 Mar 2019 This paper examines the role of consumer finance, a high growth segment of the Indian financial sector in promoting financial inclusion. Consumer finance involves granting credit to consumers to enabl...
by Saon Ray | On 03 Feb 2019 There were intensive efforts at monetary cooperation in the interwar years to overcome the imbalances accumulated during the war years to reduce the rate of inflation, reduce the rate of unemployment...
by Manmohan Agarwal | On 01 Feb 2019 The paper explored deep analytical issues such as the nature of the objective function to be optimized, planning horizon, choice of the discount rates, etc. No wonder, his book “Capital and Developmen...
by Vijay Kelkar | On 30 Jan 2019 This study analyses the time varying correlation of money and output using the DCC GARCH model for the Euro, India, Poland, the UK and the US. Apart from simple sum money, this model uses Divisia mone...
by Taniya Ghosh | On 30 Jan 2019 This paper investigates the effects of the Basel II capital requirement implementation in Viet Nam on the bank lending rate and national output. The paper provides a theoretical framework as well as e...
by Nguyet Thi Minh Phi | On 28 Jan 2019 In recent years, many emerging economies including India have adopted inflation targeting framework. Post the global financial crisis, there is a growing debate on whether monetary policy should targe...
by Ila Patnaik | On 23 Jan 2019 This paper assesses the accuracy of Asian Development Outlook growth and inflation forecasts for 43 Asian economies from 2007 to 2016, against the benchmark of World Economic Outlook projections by th...
by Benno Ferrarini | On 22 Jan 2019 The Government of India launched the Ujwal DISCOM Assurance Yojana (UDAY), in November 2015, with an objective of “Power for All”. Under the UDAY scheme, selected States agreed to convert 75 per cent...
by Amandeep Kaur | On 11 Jan 2019 The paper investigates dynamic relationship between physical infrastructure, financial development and economic growth in the case of India, using an Autoregressive Distributed Lag (ARDL) and Toda-Yam...
by Ranjan Kumar Mohanty | On 11 Jan 2019 The paper examines behavioral constraints in policy-making and in achieving coordination across policies. First it applies psychological concepts to understand policy inadequacies, and next examines h...
by Ashima Goyal | On 29 Oct 2018 This paper empirically tests conventional wisdom on the stabilizing effect of LCBMs. To do so, it analyses and compare the financial vulnerability of developing countries during two episodes of financ...
by Donghyun Park | On 26 Oct 2018 This paper employs a multidimensional approach to gauge the degree of regional integration and analyze impact on growth, inequality, and poverty. It constructs a multidimensional regional integration...
by Cyn-Young Park | On 26 Oct 2018 A large empirical literature finds that financial development is beneficial for economic growth, although some recent evidence suggests otherwise. The paper contributes to the finance–growth literatur...
by Gemma Estrada | On 19 Oct 2018 This paper develops an environmental dynamic stochastic general equilibrium (E-DSGE) model with heterogeneous production sectors. In particular, the model comprises some low-carbon emission firms that...
by Maria Teresa Punzi | On 19 Oct 2018 This brief report documents facts of financial innovation in Asia and the Pacific that include: • Fintech redefines a specific sector at the intersection of financial services and technology sectors....
by Asian Bank | On 09 Oct 2018 A debt trap occurs when someone takes on a high-interest rate loan and is barely able to pay back the interest, and thus perpetually finds themselves in debt (often by re-financing). Studying such pra...
by Dean Karlan | On 04 Oct 2018 This paper takes a New Keynesian model with non-separable money in utility to Indian data using maximum likelihood. The identification problem in isolating the effect of money on output and inflation...
by Ashima Goyal | On 21 Sep 2018 The paper investigates the changing network of financial markets for six periods from 1995–2016, constructing a network that captures the concepts of the direction of links between markets, the signif...
by Biplob Chowdhury | On 21 Sep 2018 This study aims to determine the effect of supply chain integration on the business performance and competitiveness of small and medium enterprises in the Philippines. A survey of 384 small and medium...
by Elaine Q. Borazon | On 20 Sep 2018 This paper uncovers novel empirical evidence that financial market integration and financial market development interact to change income inequality. When other things are controlled, the effect of fi...
by Jae wook Jung | On 11 Sep 2018 The paper presents a granular understanding of the associated challenges of mobilizing such finances, drawing from the Indian perspective. It contributes to the present understanding by identifying th...
by Gopal K. Sarangi | On 24 Aug 2018 The paper assesses the performance of India's managed float with respect to maintaining a real competitive exchange rate, its effect on trade, on stability of currency and financial markets, and on in...
by Ashima Goyal | On 24 Aug 2018 The expansion of green renewable energy has been very limited in all the Asian countries, despite their various differences. The contributing factors are numerous, but, the financial factor has been t...
by Hooman Peimani | On 16 Aug 2018 The cost of finance has a relatively high impact on the returns and viability of clean energy projects compared with fossil fuel-based energy projects, because the operating costs for renewable energy...
by Purkayastha Dhruba | On 13 Aug 2018 This paper examines the advantages and disadvantages of different financial schemes for introducing PV facilities in terms of the suitability of funding vehicles and investment mechanisms. Given the p...
by Ranaporn Tantiwechwuttikul | On 13 Aug 2018 This paper discusses recent developments in financial inclusion and financial literacy in Kyrgyz Republic. While financial inclusion is considered one of the key drivers of today’s development, it is...
by Savia Hasanova | On 19 Jul 2018 This short paper has two main sections. The first section presents a more detailed picture and overview of the macroeconomic performance of the Philippines behind the Philippines’ remarkable growth. T...
by Maureen Ane D. Rosellon | On 06 Jul 2018 This paper therefore argues that using aggregate measures like migration incidence in an area wherein homogeneity is assumed and obtaining a significant and positive effect may erroneously amplify the...
by Aubrey D. Tabuga | On 28 Jun 2018 This study provides insights on how institutional architecture for public fund flows affects budget execution. Using the case of the National Health Mission (NHM) in India, it highlights how the rules...
by Mita Choudhury | On 15 Jun 2018 In recent years there has been an increased role for health insurance in Indian health care, through government funded health insurance programs and privately purchased health insurance. Our analysis...
by Shefali Malhotra | On 15 Jun 2018 This paper tests economic convergence across States in India by incorporating federal fiscal asymmetries and differentials in gross fixed capital formation at the state level. Using dynamic panel mode...
by Lekha Chakraborty | On 15 Jun 2018 The paper examines the relationship between financial globalization and growth. While the existing literature suggests divergent conclusions and mostly in the case of developed countries, there is dea...
by N R Bhanumurthy | On 14 Jun 2018 In many developing countries, the average firm is small, does not grow and has low productivity. Lack of market integration and limited information on non-local products often leave consumers unaware...
by Robert T. Jensen | On 12 Jun 2018 This paper provides an analysis of financial inclusion, literacy, and education issues in the Republic of Tajikistan. It discusses the recent progress in financial inclusion and the sector’s response...
by Roman Mogilevskii | On 11 Jun 2018 This paper assesses the effects of the most recent monetary policy behavior of the Bank of Japan (BOJ) (in particular, zero interest rate policy and negative interest rate policy) and Japanese tax pol...
by Farhad Taghizadeh-Hesary | On 09 Jun 2018 The paper identifies key features of International Monetary Fund (IMF)–supported programs following the 2008 global financial crisis. The statistical analysis of a large sample of countries that borro...
by Carlos De Resende | On 09 Jun 2018 This paper examines the developments of cross-border portfolio assets and liabilities in the Asia and Pacific region over the periods of 2001–2017. Rapid increases in both portfolio foreign assets and...
by Sayuri Shirai | On 07 Jun 2018 This paper discusses the status of financial inclusion, education, and literacy in Azerbaijan as well as measures to foster the development of SMEs, which currently have inadequate access to financial...
by Gubad Ibadoghlu | On 07 Jun 2018 Financial inclusion has significantly advanced in Armenia during the last decade. Rural and urban areas, however, have benefited unevenly. The high cost of providing financial services, the lack of ph...
by Armen Nurbekyan | On 07 Jun 2018 By employing a sample of 20,956 observations of non-financial SMEs headquartered in the Euro area, between 2009 and 2015, the paper tests whether young businesses are more likely to face credit reject...
by Danilo V. Mascia | On 06 Jun 2018 This paper proposes a panel approach in the construction of the Asia-Pacific Regional Cooperation and Integration Index (ARCII) to strengthen the index’s ability to track the progress of economic inte...
by Cyn-Young Park | On 06 Jun 2018 This paper investigates and tests the role of regional exposures in financial contagion from advanced to emerging market economies through the global banking network using data on cross-border bilater...
by Cyn Young Park | On 31 May 2018 The study aims to understand the determinants of dividend trends of
Indian firms. The study was based on a sample of 31,234 firms representing 15
different industry sectors. Construction materials...
by | On 31 May 2018 This
comprehensive paper attempts to
critically evaluate the initiatives taken by India through the
Reserve Bank of India in achieving financial inclusion and the efforts made...
by | On 28 May 2018 In the context of declining degrees of vertical integration in major
industries of Indian
manufacturing sector during the post
-
reform period, the present paper is an att...
by Pulak Mishra | On 15 May 2018 The paper assesses the power of forward guidance—promises about future interest rates—as a monetary tool in a liquidity trap using a quantitative incomplete-markets model. The results suggest the effe...
by Marcus Hagedorn | On 24 Apr 2018 The Global Findex database is the world’s most comprehensive data set on how adults save, borrow, make payments, and manage risk. Launched with funding from the Bill & Melinda Gates Foundation, the da...
by World Bank [WB] | On 21 Apr 2018 The paper says that average saving rate over 1990-91 to 1995-96 has been only 14.7 percent of GDP.
by Sarfraz Qureshi | On 30 Mar 2018 We study the role of the bank-lending channel in propagating fluctuations in commodity
prices to credit aggregates and economic activity in developing countries. We use data
on more than 1,600 banks...
by | On 30 Mar 2018 There have been very few works focusing on the determinants and
barriers of financial inclusion. The objective of this study is two folded.
Firstly, to measure a efficient composite multi-dimensiona...
by | On 27 Mar 2018 This paper is based on the presentation given by the author at the Fifth WIEF roundtable on climate change held in Dhaka, organized by the WIEF secretariat on 20 March 2012. The paper will introduce t...
by | On 21 Mar 2018 This paper introduces a new index of financial inclusion for 151 economies using principal component
analysis to compute weights for aggregating nine indicators of access, availability, and usage. It...
by Rogelio V. Mercado, Jr. | On 20 Mar 2018 This paper seeks to examine how the objectives of monetary policy have changed over the years from one of supporting public investment to one of inflation control and still later to inflation targetin...
by | On 15 Mar 2018 Ensuring Women’s their participation in the economy requires access to skills, technology and finance. India and Japan have supported such initiatives in Asia and Africa in the past, but a joint effor...
by Renana Jhabvala | On 15 Mar 2018 The paper says that the recent (2007–09) global financial meltdown and the related economic recession
are seen as the worst since the Great Depression of 1930s.
by S.K. Sasikumar | On 12 Mar 2018 The Finance Minister of Uttar Pradesh Mr. Rajesh Agarwal presented the budget for Uttar Pradesh, for the financial year 2018-19, on 16 February 2018. The total outlay for the year is Rs. 4,28,384.52 c...
by Ministry of Finance | On 12 Mar 2018 This paper seeks to draw lessons for developing countries based on a survey of the recent literature on financial globalization. First, while capital account openness holds promises (by potentially lo...
by Shang-Jin Wei | On 10 Mar 2018 Liberalization and globalization of Newly Industrialized Economies have
contributed to increased integration of capital markets. This study tests
whether convergence of macroeconomic variables and e...
by | On 27 Feb 2018 This paper evaluates the current status of the Indian Rupee as an international currency using the Chinn and Frankel (2008) framework, and explores the possibility of future Indian Rupee international...
by Shekhar Hari Kumar | On 27 Feb 2018 This paper says that micro finance is an emerging reality in contemporary development discourse and has come to occupy a significant place in financial intermediation in India.
by M.A. Oommen | On 27 Feb 2018 The paper examines how endogenous social preferences could affect economic incentive design to encourage biodiversity protection on private land. A 'green' farmer may enjoy esteem from leading by exam...
by Rupayan Pal | On 22 Feb 2018 The paper presents a variety of indicators to show that demand constrained output during the period of growth slowdown 2011-17. It also draws on research to show the macroeconomic structure of the eco...
by Ashima Goyal | On 22 Feb 2018 India is currently going through a major demographic transition and it is this transition that is
going to make India one of the world’s youngest countries with largest young population. Of
this you...
by HAQ: Centre for Child Rights | On 05 Feb 2018 The report presents a comprehensive analysis of the budgetary provisions for important social sectors and the vulnerable
sections of the population. It also presents an overview of the fiscal indicat...
by Centre for Budget and Governance Accountability CBGA | On 05 Feb 2018 Budget speech of Finance Minister of Kerala.
by T.M. Thomas Issac | On 05 Feb 2018 During 2017-18 (till January), monetary policy remained steady with only one policy rate cut
in August. As the Y-o-Y effect of demonetisation wore off, the growth rate of both Currency in
Circulatio...
by Arun Jaitley | On 31 Jan 2018 Sound public financial management has been one of the pillars of India’s macro-economic
stability in the last three years. Based on this firm footing, the Government, in partnership with
the States,...
by Arun Jaitley | On 31 Jan 2018 The paper ends with a discussion of the implications of possible shift in China's overseas development finance strategy since 2011.
by Oh Ah | On 31 Jan 2018 This chapter draws on cross-country experience
to study the pattern of investment and saving slowdowns as well as recoveries in order to obtain
policy lessons for India. One finding is that investme...
by Arun Jaitley | On 31 Jan 2018 The Chief Minister of Jharkhand, Shri Raghubar Das presented the Budget for the financial year 2018-19 on 23 January, 2018. Total expenditure for the year is expected to be Rs. 80,200 crore.
by Raghubar Das | On 25 Jan 2018 The Chief Minister of Jharkhand, Shri Raghubar Das presented the Budget for the financial year 2018-19 on 23 January, 2018. Total expenditure for the year is expected to be Rs. 80,200 crore.
by Raghubar Das | On 25 Jan 2018 Conflict amplifies existing power dynamics and inequalities in families and societies because of the insecurity and fear caused by the upheaval of support structures. Conflicts generally result in the...
by | On 22 Jan 2018 A selective survey of recent papers in the area of technological change, automation and employment is presented. The objective is to convey analytical ideas and the empirical evidence that have inform...
by K. V. Ramaswamy | On 16 Jan 2018 This paper examines dimensions of inequality including labour market inequalities and discusses public policies needed for reduction in inequalities. It discusses both inequality of outcomes and inequ...
by S.Mahendra Dev | On 16 Jan 2018 The paper also emphasize the need for regulatory consistency within and between jurisdictions to ensure a level playing field.
by Clive Briault | On 15 Jan 2018 This study analyses the concerns/challenges in executing the operational targets set under the UDAY
scheme for two DISCOMs in Karnataka, namely, Mangalore Electricity Supply Company Limited
(MESCOM)...
by Rishu Garg | On 11 Jan 2018 Financial literacy is gaining increasing importance as a policy objective in many countries. However, internationally comparable information on financial literacy is still scarce. Recently, the Bank o...
by Naoyuki Yoshino | On 21 Dec 2017 Using data from more than 6,000 manufacturing firms in India for 1996–2008, we investigate the impact of financial constraints on the exporting behavior of Indian manufacturing firms while also focusi...
by Hiro Ito | On 21 Dec 2017 In the context of declining degrees of vertical integration in major industries of Indian manufacturing sector during the post-reform period, the present paper is an attempt to examine how such ‘verti...
by Pulak Mishra | On 11 Dec 2017 Impact of changes in policy rate of interest on demand for bank credit is examined for seven emerging market economies including India for the period 2002 to 2010. Panel data techniques are used after...
by | On 01 Dec 2017 The papers says that there is a need to invest in educational sector to maximize the human capital, which not only helps in economic growth but also contributes to economic development of the country.
by Syed Kazmi | On 17 Nov 2017 India’s financial inclusion agenda has witnessed a paradigm shift over the last decade, away from an emphasis on credit to a more comprehensive approach toward financial services (e.g., opening bank a...
by | On 16 Nov 2017 Increased integration with global financial markets has amplified the complexity of macroeconomic management in India. The diverse objectives of a robust growth rate, healthy current account deficit,...
by Abhijit Sen Gupta | On 13 Nov 2017 There is mixed evidence for the impact of international capital flows on financial sector's stability. This paper investigates the relationship between components of gross capital flows and various fi...
by | On 10 Nov 2017 There is a growing sense of anguish among the citizens across the world with the increasing number of public disclosures exposing how a small group of global elite (individuals as well as MNCs) have b...
by | On 25 Oct 2017 This paper constructs a dynamic macro model with new monetary policy rule to examine the implications of international reserve accumulation for macroeconomic outcomes such as economic growth and infla...
by Prakash Shrestha | On 18 Oct 2017 The existing studies on trade misinvoicing have focussed on the discrepancy in reported trade statistics between developing and developed countries. The estimates based on such methods rely on the ass...
by Suranjali Tandon | On 10 Oct 2017 These consumers expect stable returns and minimal hassles.
by Saptak Ghosh | On 10 Oct 2017 This paper concentrates on the impact of a few macroeconomic variables—nominal exchange rate, economic activity in host countries and workers' outflow—in determining the remittance inflows to Nepal.
by Bhubanesh Pant | On 09 Oct 2017 The banking sector of Pakistan has witnessed a notable transformation in its structure and business
activities following the implementation of financial sector reforms since the early 1990s. Specific...
by Mahmood ul Hasan Khan | On 09 Oct 2017 The paper says that it will contribute to make monetary policy more effective and thus enhance its impact.
by Sarthak Karki | On 06 Oct 2017 The analysis showed that the relationship of financial literacy of small borrowers was significant with their financial attitude and behavior.
by Ramesh Chaulagain | On 06 Oct 2017 One of the most important ways in which several of the common
developmental challenges in South Asia could be addressed is by focusing on manufacturing. In the new context, manufacturing becomes key...
by Ram Upendra Das | On 04 Oct 2017 This paper estimates the optimal inflation rate in Nepal based on the data of the period 1978–2016.
by Nepal Rastra Bank Research Department NRB | On 28 Sep 2017 Japan, an isolated, backward country in the 1860s, industrialized rapidly to become a major industrial power by the 1930s. South Korea, among the world’s poorest countries in the 1960s,joined the rank...
by Randall Morck | On 25 Sep 2017 The present study has first examined whether ICT development can be an
important determinant of Financial Inclusion by using a fixed effect panel
data model. The results show that ICT is indeed an i...
by Amrita Chatterjee | On 25 Sep 2017 The paper investigate the predictive power of Divisia monetary aggregates in explaining exchange rate variations for India, Israel, Poland, UK and the US, in the years leading up to and following the...
by Taniya Ghosh | On 18 Sep 2017 The Laspeyres-type consumer price index (CPI) is traditionally used to measure the changes in cost-of-living over time. Studies indicate this CPI suffers from a plutocratic bias, attaching greater wei...
by Dilip M. Nachane | On 18 Sep 2017 Growing non-performing assets is a recurrent problem in the Indian banking sector. Over the past two decades, there have been two such episodes when the banking sector was severely impaired by balance...
by Rajeswari Sengupta | On 18 Sep 2017 The paper examines the strength and efficacy of transmission from the policy rate and liquidity provision to market rates in India, using event window regression analysis. The paper finds the interest...
by Ashima Goyal | On 15 Sep 2017 The paper discusses the nature and extent of non-farm activities in India using India Human Development Survey unit record data. An exercise carried out to understand the determinants of income from n...
by Meenakshi Rajeev | On 11 Sep 2017 The objective of the study is to understand the ‘actual’ consumption patterns of fruits and vegetables in India and compare this to the World Health Organization (WHO) ‘recommended’ quantity for an ad...
by Arpita Mukherjee | On 31 Aug 2017 It is widely accepted that people migrate to seek better living opportunities, and migration experiences affect life conditions considerably upon return. Research focused on gendered perspectives has...
by Özge Bilgili | On 28 Aug 2017 Regional integration (RI) is a process by which countries enter into an agreement to upgrade cooperation through common institutions and rules. The objectives of the agreement could range from economi...
by Research and Information System for Developing Countries | On 24 Aug 2017 The paper presents a case for a phased rolling out of direct benefits transfer (DBT) for Food in India. By studying all states and Union Territories on three broad parameters: demographics, performanc...
by Shweta Saini | On 21 Aug 2017 The present study assesses the public procurement system and recent reform initiatives in India and outlines the need for changes in the institutional frameworks.
by Bhabesh Hazarika | On 09 Aug 2017 The Report projects, under different scenarios, the capital requirements till March 2018 in order that provisions are prudent, there is adequate balance sheet growth to support the needs of the econom...
by Reserve Bank of India RBI | On 08 Aug 2017 The report narrates the recent global financial crisis demonstrated the shortcomings of the frameworks to handle the failure of large and systemically important financial institutions, also known as “...
by Reserve Bank of India RBI | On 08 Aug 2017 This paper reports results of a ?eld experiment designed to test how the timing of wage payments a?ects consumption and ?nancial behaviors. Salaried employees in a large manufacturing ?rm were paid a...
by Emily Breza | On 07 Aug 2017 It has been well recognized that a well-developed corporate bond market complements a sound banking system in providing an alternative source of finance to the real sector for its long-term investme...
by Securities Board of India | On 04 Aug 2017 In the Indian context, the present literature on estimation of potential output - the level of output that an economy can produce sustainably over the medium term is based on an understanding that sus...
by Deba Prasad Rath | On 04 Aug 2017 Has the global financial crisis changed the pivotal determinants of corporate
leverage in EMEs? This paper attempts to address this issue using a panel-GMM
framework and quantile-analysis for 10 maj...
by Snehal S. Herwadkar | On 04 Aug 2017 This paper provides a comparative assessment of CPI and WPI in terms of its key characteristics, particularly on the method of compilation, distributional properties and measures of underlying inflat...
by Praggya Das | On 04 Aug 2017 The report narrates that the Accord provided a framework for a fair and reasonable degree of consistency in the application of capital standards in different countries, on a shared definition of capit...
by Reserve Bank of India RBI | On 03 Aug 2017 The report says that the BoP, thus, includes all transactions showing: (a) transactions in goods, services and income between an economy and the rest of the world, (b) changes of ownership and other c...
by Reserve Bank of India RBI | On 03 Aug 2017 The study focuses on various drivers of overnight inter-bank rate spread under
the new liquidity management framework during July 2013 to December 2016.
Applying OLS with Newey-West estimator and va...
by Sunil Kumar | On 03 Aug 2017 This paper revisits the issue of determinants of inflation in India in a Phillips curve framework and makes two key contributions in relation to existing studies. First, in the context of the Reserve...
by Harendra Behera | On 03 Aug 2017 This paper examines the implications of the establishment of the
New Development Bank (NDB) and the Contingent Reserve Arrangement
(CRA) for the international financial system and for the BRICS coun...
by Manmohan Agarwal | On 31 Jul 2017 An analysis of the impact of government borrowing from the scheduled banks on the credit to private
sector in Pakistan, using monthly data from 1998:M6 to 2015:M12. We find that a one percentage
poi...
by Sajjad Zaheer | On 31 Jul 2017 The seventh goal of the Sustainable Development Goals (SDGs) is dedicated to ensuring access to affordable, reliable, sustainable and modern energy for all by 2030. While energy was implicit in the Mi...
by Hannah Goozee | On 28 Jul 2017 This paper analyse data from the Nepal Living Standard Survey for the year 2010/11 to determine the extent to which these programs have reached the poor. The Government of Nepal has been providing fin...
by Dipendra Bhattarai | On 28 Jul 2017 The article reviews the recent evaluation evidence on financial services and training
interventions designed to increase the productivity and income of the poor; it includes the
subset of evaluation...
by Mayra Buvinic | On 28 Jul 2017 This document provides a list of sanitation tools; organisation of the same based on their specific
features; and factsheets corresponding to every tool, which cover the objectives, descriptions,
ad...
by Shramana Dey | On 27 Jul 2017 This paper aims at providing an early assessment of the response by firms to this Act. It examines the extent to which the CSR Act has led firms to comply and increase the share of profits being spent...
by Sangeeta Bansal | On 27 Jul 2017 The present paper is an attempt to conduct a valuation of the three most important exhaustible natural resources, viz., natural gas, coal and hard rock, via
the System of Environmental-Economic Accou...
by Mahfuz Kabir | On 27 Jul 2017 Despite rapid progress of the financial sector in Bangladesh, there are concerns that banks have not been able to include a
vast segment of the population, especially the underprivileged sections and...
by Bilkis Sultana | On 26 Jul 2017 This study looks at the roles that local women leaders can play in addressing the important environmental health issue of sanitation and hand hygiene by improving access to quality sanitation and hygi...
by Atonu Rabbani | On 25 Jul 2017 This annual publication showcases the results of knowledge management initiatives of the East Asia Department of the Asian Development Bank in 2014.
by Asian Development Bank Institute | On 24 Jul 2017 This report explores some of the ways forward. It highlights not just the need to inject more money into investments that contribute to sustainable development, but also to attract funds toward them—t...
by Asian Development Bank Institute | On 21 Jul 2017 Inflation expectations are an important marker for the conduct of monetary policy. Using a Bayesian structural VAR-X model that includes the inflation expectations of general public based on the Infla...
by Taniya Ghosh | On 21 Jul 2017 With export demand stronger than expected in the first quarter of 2017, the region’s GDP is forecast to expand somewhat faster than forecast in April in Asian Development Outlook 2017.
by Asian Development Bank Institute | On 20 Jul 2017 This report highlights emerging trends in AfT in the context of evolving trade performance in Asia and the Pacific.
by Asian Development Bank Institute | On 13 Jul 2017 The report says that the bond investors typically have a long position in local currency bond markets. To manage their foreign exchange risk, they may want to hedge that exposure for a period of time.
by Asian Development Bank Institute | On 12 Jul 2017 This publication reviews various country aspects of SME finance covering the banking sector, nonbank sector, and capital markets. It is expected to support evidence-based policy making and regulations...
by Asian Development Bank Institute | On 11 Jul 2017 The results of this study can be used to strengthen the institutional and statistical capacities of Georgia to routinely collect, compile, analyze, and disseminate internationally comparable financial...
by Asian Development Bank Institute | On 07 Jul 2017 The results of this study can be used to strengthen the institutional and statistical capacities of Viet Nam to routinely collect, compile, analyze, and disseminate internationally comparable FSIs tha...
by Asian Development Bank Institute | On 07 Jul 2017 This report presents country-case studies for Bangladesh, Georgia, and Viet Nam focusing on growing evidences in the development of financial soundness indicators to effectively monitor the financial...
by Asian Development Bank Institute | On 06 Jul 2017 The report says that yields for 10-year local currency (LCY) government bonds in emerging East Asia were mostly down between 1 September and 31 October. Investor confidence was buoyed as financial mar...
by Asian Development Bank Institute | On 29 Jun 2017 The report says Fiji’s economy has seen 5 years of positive growth since 2010 - one of its few episodes of sustained growth since 1970. Growth averaged 3.3% a year during 2010-2014, which is nearly fo...
by Asian Development Bank Institute | On 27 Jun 2017 This paper presents a summary of a technical assistance project on the development of disaster risk financing solutions for the cities of Can Tho and Hue and, by extension, for other cities in Viet Na...
by Asian Development Bank Institute | On 26 Jun 2017 The report is an annual review of Asia’s regional economic cooperation and integration. It covers the 48 regional members of the Asian Development Bank. This issue includes Special Chapter: How Can Sp...
by Asian Development Bank Institute | On 23 Jun 2017 This issue of the Asia Bond Monitor includes two special discussion boxes. Box 1 discusses the risks to emerging Asia’s financial stability under tightening global liquidity conditions. Box 2 discusse...
by Asian Development Bank Institute | On 23 Jun 2017 This report examines the current use of DFS in the Pacific, analyzes the issues that need to be addressed, and provides recommendations for increasing financial inclusion in the region.
by Asian Development Bank Institute | On 14 Jun 2017 Growth in Central Asia is weaker than predicted, while expansion in the Pacific is now expected to be a touch higher. Forecasts are unchanged for East, South, and Southeast Asia. While the Brexit vote...
by Asian Development Bank Institute | On 02 Jun 2017 This report presents a preliminary economic analysis of road user costs and fees, partly drawing from the World Bank’s Road User Charge (RUC) model and analysis framework, and a review of the tolling...
by Asian Development Bank Institute | On 01 Jun 2017 This study of state-owned enterprises performance in the Pacific emphasizes political commitment to reform as a key driver for commercial results.
by Asian Development Bank Institute | On 23 May 2017 The report notes that yields for 2-year and 10-year local currency government bonds in emerging East Asia were mostly lower between 1 June and 15 August and stock markets in the region recorded gains...
by Asian Development Bank Institute | On 23 May 2017 The report says India can save 64% of anticipated passenger road-based mobility-related energy demand and 37% of carbon emissions in 2030 by pursuing a shared, electric, and connected mobility future....
by Shikha Juyal | On 17 May 2017 This Update retains the projections previously published in Asian Development Outlook 2016 (ADO 2016) in March. Gross domestic product (GDP) in the region is expected to grow at 5.7% in 2016 and 2017,...
by Asian Development Bank Institute | On 16 May 2017 According to data published on AsianBondsOnline, total LCY bonds outstanding in Malaysia barely moved in the third quarter of 2015 compared with the previous quarter, standing at MYR1,076 billion at t...
by Asian Development Bank Institute | On 16 May 2017 This issue of the Asia Bond Monitor includes Local currency (LCY) government bond yields in advancedeconomies and emerging East Asia climbed between 31 October and 18 November due to increased concern...
by Asian Development Bank Institute | On 11 May 2017 The reports notes the regional cooperation and integration (RCI) in Asia and the Pacific continues to evolve, creating an important source for the region’s dynamic growth. This report assesses the RCI...
by Asian Development Bank Institute | On 10 May 2017 The outlook for developing Asia remains broadly as forecast in Asian Development Outlook 2016 Update. Despite an extraordinary and temporary growth dip affecting one of the region’s largest economies,...
by Asian Development Bank Institute | On 10 May 2017 The research focuses on financial exclusion in three segments: base of pyramid (BoP); women; and micro, small, and medium enterprises (MSMEs). From our research, we estimate that addressing this oppor...
by Asian Development Bank Institute | On 09 May 2017 This paper analyzes optimal monetary policy under zero lower bound in the
presence of cost channel. Cost channel introduces trade-o¤ between output and
inflation when economy is out of ZLB. As a res...
by Taniya Ghosh | On 04 May 2017 This paper analyzes two notions of compliance, 'compliance in letter' and 'compliance in spirit', using
data on Board and Audit Committee meetings from India under its Clause 49 corporate governance
...
by Subrata Sarkar | On 03 May 2017 Decent work, the core mandate of the ILO, is defined as productive work for women and men in conditions of freedom, equity, security and human dignity.Decent work involves opportunities for work that:...
by International Labour Organization [ILO] | On 17 Apr 2017 This new ILO Global Wage Report – the fifth in a series that now spans over a decade – contributes to this agenda by making comparative data and information on recent wage trends available to governme...
by International Labour Organization [ILO] | On 14 Apr 2017 Research on economic status and adult mortality is often stymied by the reciprocity of this relationship. While financial resources increase access to healthcare and nutrition and reduce mortality, si...
by | On 15 Feb 2017 Budget 2017-18 is placed at an important juncture when there has been a thrust by the government
for a digitised and a consequent cashless economy with the demonetisation of high value currency
note...
by Centre for Budget and Governance Accountability CBGA | On 03 Feb 2017 The problems of water, energy, climate change, and urbanisation, are all intertwined; they are, also, all 'wicked'. There is little consensus on how to effectively navigate these problems, let alone,...
by | On 02 Feb 2017 Developing countries are the most vulnerable to climate change impacts because they have fewer resources to adapt: socially, technologically and financially. Climate change is anticipated to have far...
by United Nations Economic and Social Commission for Asia and the Pacific | On 23 Jan 2017 International Economic Integration plays a vital role in Economic Development of any country. Foreign Direct Investment is one and only major instrument of attracting International Economic Integratio...
by | On 04 Jan 2017 Indian economy is now trillion dollar economy. After introducing significant reforms in financial sector, we have improved efficiency and stability in our economy. As per most economists we will achie...
by | On 04 Jan 2017 The policies needed to promote financial inclusion in the digital age were discussed
at an international conference held at the Asian Development Bank Institute.
The event took place on 7–8 April 2...
by Shawn Hunter | On 29 Dec 2016 The paper attempts to formulate a model to predict corporate financial distress of
non-government non-financial public limited companies and estimate distressed
bank debt due to the sample companies...
by Manjusha Senapathi | On 27 Dec 2016 In collaboration with the Government of Bihar, India, a large-scale experiment is conducted to evaluate whether transparency in fiscal transfer systems can increase
accountability and reduce corrupt...
by Abhijit Banerjee | On 02 Dec 2016 State legislatures are responsible for making laws on key subjects like land, police and health. They are also
tasked with approving the expenditure of money for their respective states every year. T...
by Prianka Rao | On 30 Nov 2016 Finances of states have been changing due to (i) increased devolution of central taxes, (ii) rationalisation of the Centrally Sponsored Schemes, (iii) the introduction of the UDAY scheme, and (iv) the...
by Arvind Gayam | On 09 Nov 2016 The study focuses on four industries, which were identified by the Government as the growth poles of Mauritius’ economy: sugar agriculture, textiles, tourism (hotels) and financial services.3 The empl...
by International Labour Organization [ILO] | On 08 Nov 2016 It will be argued that while modernization in India has allowed for small improvements to women's autonomy, in rural India today the little autonomy women do have is constricted through traditional no...
by | On 02 Nov 2016 Against the backdrop of the global financial and economic crisis, policy makers around the world took steps in the past year to make it easier for local firms to start up and operate. This is importan...
by World Bank [WB} | On 27 Oct 2016 The aim of this study
is to value, in monetary units, coastal and marine ecosystem services in India. The
reasons for doing so are two–fold: i) the destruction and degradation of coastal
ecosystems...
by K. S. Kavi Kumar | On 25 Oct 2016 This study examines the savings and investment pattern of select college going students (Age: 17-25 years) in the city of Mumbai who has just begun to earn. The study also looks into the basic financi...
by | On 25 Oct 2016 This paper examines how a reduction in the financial resources available to lone parents affects repartnering. We exploit natural experiment that reduced the financial resources available to a subset...
by | On 18 Oct 2016 The Global Crisis demonstrated to the world that Ratings Agencies had misled the public about the stability of financial institutions. The Finance literature had decided that it was impossible to have...
by | On 18 Oct 2016 The rapid rise of service sector in India, as in its developing counterparts in Asia, follows the pattern of skipped
industrialization and raises concern for sustaining economic growth in India. Whil...
by K L Krishna | On 10 Oct 2016 The objectives of monetary policy have always been a topic of intensive debate. This debate has
resurfaced during the past few years. In India too monetary policy-making appears to have
undergone si...
by Lokendra Kumawat | On 10 Oct 2016 Even almost eight years since resorting to the extraordinary monetary and
fiscal measures to counter the after-effects of the Global Financial Crisis, authorities are still
left wondering about rela...
by S.S. Mundra | On 10 Oct 2016 This research evaluates the performance of free trade agreements by
analyzing the determinants of trade flows of Asian economies for a panel
of thirty-one countries during 2007-2014 using a Gravity...
by Sunder Ramaswamy | On 29 Sep 2016 The productivity spillovers of industry-level FDI on both, the sector of manufacturing and
the sector of services, in seventeen South and East Asian economies. Using a dynamic panel
GMM methodology,...
by Nadia Doytch | On 29 Sep 2016 RBI is on a journey towards the goal of universal financial inclusion in India. There are challenges encountered and the way forward. [Address delivered at at the BRICS Workshop on Financial Inclusio...
by S.S. Mundra | On 26 Sep 2016 Do efficient financial markets and institutions promote economic growth? Have they done so in the past? This essay, to be included in the Handbook of Finance and Development (edited by Thorsten Beck a...
by Howard Bodenhorn | On 22 Sep 2016 This essay is the first in a series on Academic Freedom in Crisis curated by socialsciencespace. In the current context of the apparent retreat of academic freedom across the world, the series of shor...
by Daniel Nehring | On 11 Sep 2016 FDI productivity and technology spill over theories were developed during a period when manufacturing sector dominated FDI flows, and European and the US MNEs enjoyed higher productivity levels compar...
by N S Siddharthan | On 11 Sep 2016 This paper estimates the effects of expanding access to substance-abuse treatment on local crime. It does so using an identification strategy that leverages variation driven by substance-abuse-treatme...
by Samuel Bondurant | On 07 Sep 2016 In this paper a textual analysis is performed of monetary policy statements issued during the past ten
years by State Bank of Pakistan and compare them with policy reviews of seven selected central
...
by Asif Mahmood | On 07 Sep 2016 Central banking does not mean just rates cuts and rate rising. There are many decisions to be taken sometimes unpopular or hard-to-explain ones, to be made under conditions of extreme uncertainty. The...
by Raghuram G. Rajan | On 06 Sep 2016 Macroeconomic analytical frameworks change with events they are unable to explain. The process is
closer to abductive reasoning that is based on both events and analysis, unlike induction which is
d...
by Ashima Goyal | On 31 Aug 2016 The concept of integration is quite a popular one, debated and discussed majorly in developed Nations. Integration is an imperative area of empirical apprehension and inquiry in refugee and immigrant...
by | On 23 Aug 2016 The study attempts to identify the macroeconomic determinants of remittance inflows in South Asian countries. It uses additively separable utility function as theoretical framework and the Arellano-Bo...
by | On 16 Aug 2016 In the last decade, the resource-rich Philippines has bet heavily on the mining industry as a development strategy,
an approach that has come under growing scrutiny. With 47 large-scale mines in oper...
by Cecilia Olivet | On 10 Aug 2016 The extent of market integration and transmission of food price shocks is a major determinant of price
stability and overall food security, particularly in developing countries. Few studies have exam...
by Jarilkasin Ilyasov | On 08 Aug 2016 The working paper attempts to describe the correlation between migration and child labour by reviewing secondary data of migrant children with or without their families, and children left-behind by th...
by | On 04 Aug 2016 Remittances to Asia plunged during the 1997 Asian financial crisis, but the drop was temporary as the flows were increasing once again after just 1 year. The current crisis, however, is fundamentally...
by | On 29 Jul 2016 This paper characterizes the efficiency properties of competitive economies with financial constraints and fire sales. It shows that two distinct pecuniary externalities occur in such settings: distri...
by Eduardo Dávila | On 29 Jul 2016 Pradhan Mantri Fasal Bima Yojana (PMFBY) aims at supporting sustainable production in agriculture sector by way of providing financial support to farmers suffering crop loss/damage arising out of unf...
by Ministry of Agriculture GOI | On 28 Jul 2016 The impact of South-South migration on the income of migrants and natives is smaller than for South-North migration. However, even small increases in income can have substantial welfare implications f...
by | On 27 Jul 2016 At the 16th session of Conference of Parties (COP) to the United Nations
Framework Convention on Climate Change (UNFCCC), the COP adopted
decisions in which it decided to establish a Green Climate F...
by Prodipto Ghosh | On 26 Jul 2016 Migration research commonly assumes that youth migrate as dependent family members or are motivated by current labor opportunities and immediate financial returns. These perspectives ignore how migrat...
by | On 25 Jul 2016 While a lot of experimentation has been done in the realm of financial literacy, it is difficult to point to one standardised method or approach that works best in all scenarios with all kinds of targ...
by | On 20 Jul 2016 The paper examines vulnerability to poverty in Tajikistan during the global financial crisis, focusing on the roles played by international migration and remittances, using a formal, practical, and ea...
by Ira N. Gang | On 19 Jul 2016 Financial literacy is the mix of one’s knowledge, skill and attitude towards financial matters. It helps to make informed decisions and well-being of an individual. Research has been conducted globall...
by | On 18 Jul 2016 By exploring the role of SEZs in China’s integration with the world economy, we also investigate the underlining challenges faced by the economy. The analysis brings forth the indisputable fact that S...
by | On 14 Jul 2016 This study (i) identifies factors determining informal trade, (ii) prepares estimates of India's informal trade with Pakistan (iii) examines the modalities of informal trade (iv) analyzes the transact...
by Nisha Taneja | On 13 Jul 2016 This paper analyzes the absence of correlation between China-ASEAN economic interdependence and dispute settlement in the South China Sea, against liberals’ prediction. It argues that there are a few...
by | On 13 Jul 2016 The paper investigates the dynamic relationship between movements in oil prices and exchange rates with macroeconomic variables like price, output, interest rate and money by using structural vector a...
by Taniya Ghosh | On 12 Jul 2016 This paper examines the changes in regulation in four G7 countries post the financial sector breakdown of 2008 and suggestions made by the Financial Stability Board with respect to e.g. capital adequa...
by Jaimini Bhagwati | On 07 Jul 2016 Global commodity prices surge of 2007-08 sent an inflationary shock across the countries. 2014 global
prices descend resulted in significant disinflation in many countries and even deflation in some
...
by Muhammad Nadim Hanif | On 30 Jun 2016 This paper discusses the relevance of recent research on the economics of human development to the work of the Human Development and Capability Association. The recent economics of human development b...
by James J. Heckman | On 28 Jun 2016 In this paper investigates the success of banking reforms in India where significant banking reforms have been introduced since 1990s. Using the argument that well functioning credit markets would ref...
by Sumon Kumar Bhaumik | On 27 Jun 2016 India claims to have achieved financial growth of 7% but despite this high growth rate, poverty and
inequality has also grown exponentially and social security, standard of life, security of labor ha...
by Child Rights and You CRY | On 27 Jun 2016 This paper analyses some of the major financial and governance challenges for attaining universal elementary education following RTE norms. The focus is on Karnataka. The analysis of financ...
by | On 22 Jun 2016 The Financial Sector Reforms Commission (FSLRC) which was set up in 2011 by the
Ministry of Finance was mandated to study existing legislation and financial sector regulatory
practices in India and...
by Jaimini Bhagwati | On 22 Jun 2016 This paper describes the results of a survey of informal-sector firms in Pakistan. Firms belong to the
informal sector mainly because of scarce financial resources. There are significant differences...
by M. Ali Choudhary | On 16 Jun 2016 There is wide concern that migration flows may undermine the financial viability of generous welfare arrangements. The discussion focuses on welfare arrangements as attractors of migrants, suggesting...
by | On 14 Jun 2016 The Finance Minister of Jammu and Kashmir, Mr. Haseeb A. Drabu, presented the Budget for Jammu and Kashmir
for financial year 2016-17 on May 30, 2016.
by Hasseeb A. Drabu | On 13 Jun 2016 Almost a billion people around
the world are now suffering from hunger and
malnutrition - a dramatic rise in number since the
soaring food prices over the last three years. Of
these, about half ar...
by Focus on the Global South FGS | On 10 Jun 2016 A number of initiatives have been taken by the government as well as the private sector to address the challenge of energy access in India. In this context, WWF-India conducted a study to measure/asse...
by | On 09 Jun 2016 Global commodity prices surge of 2007-08 sent an inflationary shock across the countries. 2014 global prices descend
resulted in significant disinflation in many countries and...
by Muhammad Nadim Hanif | On 06 Jun 2016 An Act to consolidate and amend the law relating to children alleged and found to be in conflict with law and children in need of care and protection by catering to their basic needs through proper ca...
by Government of India Ministry of Women and Child Development | On 27 May 2016 This report provides an analysis of the assets of the re contesting candidates in the Kerala Assembly Elections
by Association for Democratic Reforms ADR | On 19 May 2016 Creativity and innovation have been a constant in growth and development of any knowledge
economy. There is an abundance of creative and innovative energies flowing in India. India has a
TRIPS compl...
by Department of Industrial Policy & Promotion DIPP | On 19 May 2016 This report provides an analysis of the the financial, criminal and other backgrounds of the candidates contesting in the Kerala Assembly Elections.
by Association for Democratic Reforms ADR | On 19 May 2016 The demand for urban water supply service is increasing rapidly as globalisation accelerates economic development and brings improvements in living standards in India with the interactive
effects of...
by | On 12 May 2016 The study is expected to contribute to stimulating debate around the broader issues of safeguarding the interests of migrant workers through financial mainstreaming of their income, raising efficacy o...
by | On 11 May 2016 Mumbai has the potential to become one of the world’s ideal cities in terms of sustainable water management. With abundant natural and perennial water sources around it, the megacity is currently one...
by Dhaval D Desai | On 10 May 2016 The episode of volatility starting on May 22, 2013, when Federal Reserve Chairman Ben Bernanke first spoke of the possibility of the US central bank “tapering” its security purchases, had a sharp nega...
by Shekhar Shah | On 09 May 2016 The lecture examines the recent developments in the external sector and address some critical issues such as the appropriate level of current account deficit, exchange rate policy, adequacy of reserve...
by C. Rangarajan | On 06 May 2016 The paper examines the impact of the initiative taken by an NGO -SelfEmployed
Women’s Association (SEWA)-in Ahmedabad, a city in western
India to impart knowledge about sexual and reproductive healt...
by Leela Visaria | On 05 May 2016 Derivatives are an integral risk management tool for business entities and financial institutions. However, derivatives markets can also lead to excessive and opaque risk taking which may result in sy...
by Reserve Bank of India RBI | On 03 May 2016 This paper assesses the fiscal space and cyclicality of total Indian Central Government expenditure and its
major components
by Ashima Goyal | On 02 May 2016 This paper examines what the empirical evidence has to say about the strength of monetary transmission in India, using the structural vector autoregression (SVAR) methods that have been applied broadl...
by | On 02 May 2016 The paper argues that context is important in discussions of financial stability. It explores weaknesses in domestic and international reforms and ways of overcoming them, based on mitigating the fund...
by Ashima Goyal | On 02 May 2016 The paper examines the role payment systems can play in greater South Asian integration, including intra regional
trade facilitation. As payment systems become more sophisticated and thei...
by | On 02 May 2016 This study shows how 13 important stock markets in Asia namely, India, Bangladesh, Philippines, China, Japan, Indonesia, Malaysia, Singapore, Hong Kong, Pakistan, South Korea and Thailand...
by | On 02 May 2016 This paper shows that the institutional changes such as Inflation Targeting (IT) helps lower inflation without depending upon the level of Central Bank Independence (CBI) in a country as is suggested...
by | On 02 May 2016 This paper revisits the Dornbusch exchange rate overshooting in a different model setting.
by Taniya Ghosh | On 02 May 2016 This study investigates the effects of the 2008 global financial crisis on the performance of different
microfinance ownership types. The analysis in this study relies on a novel methodological frame...
by Mahinda Wijesiri | On 02 May 2016 This report provides information about the financial, criminal and other backgrounds about the candidates contesting in phase 1 of the Assam Assembly Elections.
by Association for Democratic Reforms ADR | On 28 Apr 2016 Aggressive monetary policy actions by one country can lead to significant adverse cross-border spillovers on others, especially as countries contend with the zero lower bound. If countries do not inte...
by Prachi Mishra | On 31 Mar 2016 A brief summary by Niti Aayog about the pre and post 2016-17 Indian Budget Analysis.
by Arvind Panagariya | On 28 Mar 2016 Optimality of pro-cyclical monetary policy in the presence of informal sector and firm level
constraint is analysed. The findings suggest that in case of export demand shock pro-cyclical monetary pol...
by Waqas Ahmed | On 21 Mar 2016 The aim of this paper is to show the interaction effect of product market competition and corporate governance variables on firm performance. While the linkage between internal governance mechanism an...
by Manoj Pant | On 15 Mar 2016 This paper devises quantitative techniques to analyze the management
of foreign capital flows in India over the past three decades.
The paper argues that India's overall approach towards liberaliza...
by Abhijit Sen Gupta | On 15 Mar 2016 This report is the outcome of the regional technical assistance on Strengthening Institutional Capacity to Compile and Analyze Financial Soundness Indicators for Investment Climate Assessment (RETA 77...
by Asian Development Bank Institute | On 15 Mar 2016 The 1997 Asian financial crisis and the 2008 global financial and economic crisis further demonstrated the importance of financial stability. Both crises showed how balance sheets of financial institu...
by Asian Development Bank Institute | On 15 Mar 2016 ABMI aims to develop efficient and liquid bond markets in Asia, which would enable better utilization of Asian savings for Asian investments. ABMI can also contribute to the mitigation of currency and...
by Asian Development Bank Institute | On 15 Mar 2016 This report describes the development of financial soundness indicators for Bangladesh and analyzes how these can help identify key challenges to support financial sector stability in the country.
by Asian Development Bank Institute | On 15 Mar 2016 Poverty alleviation is the cornerstone and mission of the development community. Yet perhaps the community’s focus on low-income countries (LICs) has skewed a healthy and accurate evaluation of the ef...
by | On 14 Mar 2016 Do global spillovers clog transmission channels of monetary policy through domestic financial markets? Drawing on stylised facts and using a dynamic factor model to develop an indicator of global spil...
by Michael Debabrata Patra | On 14 Mar 2016 There are few areas of robust growth around the world, with the IMF repeatedly reducing its
growth forecasts in recent quarters. This period of slow growth is particularly dangerous
because both ind...
by Raghuram G. Rajan | On 14 Mar 2016 Random effects panel data analysis is applied to identify financial parameters that influence banks in India in complying with Basel I. The private sector and foreign banks are affected by credit risk...
by Sreejata Banerjee | On 13 Mar 2016 Forward-looking RE models such as the popular New Keynesian (NK) model do not provide a unique prediction about how the model economy behaves. We need some mechanism that ensures determinacy. McCallum...
by Patrick Minford | On 13 Mar 2016 The objectives of the study are three-fold: to investigate who are vulnerable to welfare loss from health shocks, what are the household responses to cope with the economic burden of health shocks and...
by Sowmya Dhanaraj | On 11 Mar 2016 Mergers and acquisitions (M and A) are common strategies of firms to increase its performance. Although, the motives of M and A are different however, the determinants are discreet. This study tries t...
by Nikita Agarwal | On 11 Mar 2016 Financial inclusion is considered as cause as well as outcome of inclusive growth. This study tries to construct a comprehensive measure of financial inclusion and evaluate the extent of financial inc...
by Shrabani Mukherjee | On 10 Mar 2016 In this paper, the ongoing G20 process of improving the regulation of international finance is put into a historically informed perspective. To understand the driving forces behind and obstacles to in...
by | On 09 Mar 2016 The allocation of scarce budgetary resources away from ‘alternative’ channels of social security underscores interlocking concerns: a) the financial drain that marriages of girls pose to families and...
by Praveena Kodoth | On 09 Mar 2016 This article intends to bring to light the energy security concept in the region, while analyzing how this multilateral cooperative energy scheme can contribute to building a new regional economic sec...
by Se Hyun Ahn | On 09 Mar 2016 Why is unprecedented financialization failing to provoke a strong political backlash? The role of financial markets, motives, actors, and institutions has expanded continuously in recent decades, but...
by | On 08 Mar 2016 Financial inclusion has rapidly ascended global development policy agendas. Between 2 billion and 2.5 billion adults worldwide do not use formal financial services, which a multifaceted coalition of a...
by Philip Mader | On 08 Mar 2016 While there had been agreements that the current global financial crisis which originated from the United States (US) would not be akin to the Asian Financial Crisis back in 1997- 1998, the resultant...
by S. Rajaratnam International Studies | On 06 Mar 2016 The economic crisis has had heavy exposure in international news, but its range of victims has extended beyond the subprime debtors and financial analysts of the developed world. Ignored by most devel...
by S. Rajaratnam International Studies | On 06 Mar 2016 Notwithstanding the global financial crisis, energy security remains one of the top priorities for the Association of Southeast Asian Nations (ASEAN). The need to reduce reliance on fossil fuels in th...
by S. Rajaratnam International Studies | On 05 Mar 2016 The 2010 Corruption Perceptions Index reveals that nearly three quarters of the 178 countries in the index have a score of below five, on a scale of 10 (highly clean) to 0 (highly corrupt). Denmark, N...
by S. Rajaratnam International Studies | On 03 Mar 2016 The diversification of Bhutan’s relations began with its entry into the United Nations in 1971, and while external relations continued to be largely confined to India, the establishment of its relatio...
by | On 02 Mar 2016 The Coalition serves as a platform for the members to collaborate and achieve a common vision: "To achieve sustainable food and nutrition security for all" The Coalition aims to raise awareness, foste...
by Coalition for Food & Nutrition Security India | On 02 Mar 2016 The analysis of the paper begins in the next section by setting out broad economic changes in India as key context for change in Palanpur, with a particular focus on the three drivers set out above; s...
by Himanshu Prof | On 29 Feb 2016 This paper provides a comprehensive description of the financial environment for households and small businesses in a defined geographical region. It develops a new, functional approach to financial a...
by Greg Fischer | On 29 Feb 2016 This paper discusses the economies and financial systems of Southeast Asia (SEA) and focuses on challenges and developments in the region. Despite the diversity of SEA economies and some important exc...
by Toshiyuki Shimada | On 29 Feb 2016 Financial protection of patients is considered a key component of health systems, and has been a consistent policy goal of the DOH. Of paramount importance in this regard are catastrophic health expen...
by | On 29 Feb 2016 This paper studies price discovery and volatility in the context of introduction of Nifty futures at the National Stock Exchange (NSE) in June 2000. Cointegration and Generalised Auto Regressive Cond...
by M. T. Raju | On 28 Feb 2016 This paper aims to first build a deeper understanding of the emergence of Basel banking norms (Basel I), and the transition to each of the subsequent regulations (Basel II and Basel III). The primary...
by Akshay Uday Shenoy | On 27 Feb 2016 The rising level of urbanisation in India draws attention to inadequate infrastructure levels in urban areas. While many factors play a role in infrastructure development, this paper examines the fina...
by Charan Singh | On 27 Feb 2016 The dynamics of the monetary system is undergoing significant changes in India. The entire concept and flow of money; narrow, broad or base, is being influenced by measures related to financial inclus...
by Charan Singh | On 27 Feb 2016 The vulnerability of banks to macroeconomic and financial shocks is an area of growing interest to policymakers, especially in emerging markets. Strong adverse aggregate shocks contribute heavily to l...
by Rohit Gupta | On 27 Feb 2016 East Asia is one of the three main economic blocks in the world. Association of Southeast Asian Nations (ASEAN) countries – as New Industrial Economies (NIEs) – and China – as an emerging power – are...
by | On 25 Feb 2016 Under the World Trade Organization, the Philippines has maintained special treatment for rice, which expires on July 2017. Tariffication will involve greater competition from imports and the decline o...
by Roehlano M. Briones | On 25 Feb 2016 Speech of Shri Suresh Prabhakar Prabhu introducing the Railway
Budget for 2016-17.
by Suresh Prabhakar Prabhu | On 25 Feb 2016 This paper is an integration of the studies commissioned under the DFA-PIDS memorandum of agreement to explore the priority areas during the Philippines' APEC hosting in 2015 under the theme: "Buildin...
by Erlinda M. Medalla | On 25 Feb 2016 The 1990s saw East Asia becoming more integrated as trade barriers fell, trade intensity and intra-industry trade increased, and production networks formed. This greater integration has resulted in ch...
by Yose Damuri | On 24 Feb 2016 Abstract: The development of China-ASEAN trade and economic relations within the recent 15 years has of great significance not only for both sides but also for the whole East-Asia region. This paper i...
by Zhao Jianglin | On 24 Feb 2016 Southeast Asia as a region has a unique history, and the evolving relationships between its communities, states, regional organisations and the international community reflect this. Given this context...
by Alistair Cook | On 24 Feb 2016 India’s performance in the early carbon market are analysed, and proposes a series of actions to be undertaken by both the Government of India, and the private sector, if India is to take full advanta...
by World Bank | On 24 Feb 2016 The Asian financial crisis of 1997 involved significant economic and social costs for the affected economies, but also highlighted fundamental weaknesses in the structure and operations of their finan...
by Kevin Davis | On 24 Feb 2016 The paper examines the changing size, shape and range of financial markets in the region indicates the extent to which regional markets have become more efficient and have improved in quality since th...
by Jenny Corbett | On 23 Feb 2016 The World Bank (2005) reported that from 1985 to 2003, per capita gross domestic product increased only by about 0.7% per year, well below the 3.7% average of neighboring countries (Indonesia, Malaysi...
by Eduardo Gonzalez | On 23 Feb 2016 This paper reviews and highlights lessons from the stabilisation and reform programme that Thailand, Malaysia and Korea implemented in response to the 1997 crisis. The three countries’ rapid recovery...
by Kanit Sangsubhan | On 23 Feb 2016 This paper reviews some of the current debates on the reform of the international monetary system. Despite its deficiencies, the United States (US) dollar will remain the dominant currency and Special...
by Yung Chul Park | On 22 Feb 2016 A key lesson of the 2007–2009 global financial crisis (GFC) was the importance of containing systemic financial risk and the need for a “macroprudential” approach to surveillance and regulation that c...
by Masahiro Kawai | On 22 Feb 2016 Is there asymmetry in the distribution of government bond returns in developed countries? Can asymmetries be predicted using financial and macroeconomic variables? To answer the first question, we pro...
by Ippei Fuijwara | On 21 Feb 2016 This paper discusses the financial landscape of the Association of Southeast Asian Nations (ASEAN), a region engaged in building an economic community (a “single market and production base”) by 2015....
by Choong Lee | On 21 Feb 2016 This paper presents a basic assessment of the financial performance of infrastructure service operators in developing countries. It relies on a new database of 120 companies put together to track the...
by Maria Pinglo | On 21 Feb 2016 This paper studies the credit market implications and real effects of one the largest borrower bailout programs in history, enacted by the government of India against the backdrop of the 2008–2009 fin...
by Xavier Giné | On 21 Feb 2016 This paper discusses the relevance of Basel III to Asian emerging markets. It reviews some of the proposed regulations of Basel III in order to evaluate their likely implications for, and their abilit...
by Tarisa Watanagase | On 21 Feb 2016 This paper examines the impact of sectorial reforms on current account imbalances, with a special focus on the People’s Republic of China (PRC). In particular, we investigate to what extent reforms pe...
by Hiro Ito | On 21 Feb 2016 The rise of regional monetary arrangements poses a challenge for the International Monetary Fund (IMF)'s global surveillance efforts. This paper reviews how the IMF has responded to earlier regional i...
by Barry Eichengreen | On 21 Feb 2016 Financial safety nets in Asia have come a long way since the Asian Financial Crisis (AFC) of 1997–98. Not wanting to rely solely on the International Monetary Fund (IMF) again, the Chiang Mai Initiati...
by Hal Hill | On 21 Feb 2016 The Association of Southeast Asian Nations (ASEAN) is expected to benefit from the significant growth in the Asia-Pacific payments market. Growth in economic activity would increase the size, scale, a...
by Tanai Khiaonarong | On 21 Feb 2016 This paper discusses Japan’s strategy for Asian monetary integration. It argues that Japan faces three major policy challenges when promoting intraregional exchange rate stability. First, there must b...
by Masahiro Kawai | On 21 Feb 2016 This paper is an excerpt from a FY 2008 survey for the promotion of oil and natural development and utilization as commissioned by the Ministry of Economy, Trade and Industry. Since 2008, the global L...
by Yoshikazu Kobayashi | On 21 Feb 2016 This article analyses the motivation and impact of the 2009 intervention of the China Iron and Steel Association (CISA) in benchmark price negotiations. The impact of the transition from benchmark pri...
by Luke Hurst | On 21 Feb 2016 There is a widespread belief that rice futures are not necessary for the Asian rice markets because these markets are not “broken.” In any case, it is not clear to many why a rice farmer would benefit...
by | On 20 Feb 2016 In the megacities of developing Southeast Asia, the important role of the informal sector in supporting economic development is often under-recognised. Cities seeking to address the economic risks and...
by | On 19 Feb 2016 The employment shock of late 2008 in the People’s Republic of China (PRC) may have been a product of three different events: (i) the contractionary macroeconomic policies introduced by the government...
by Xin Meng | On 19 Feb 2016 Informal builders provide the bulk of affordable housing and define large areas of our cities. Originally created for those long considered as poor and unable to house themselves, over time the result...
by Dr. Reinhard Goethert | On 19 Feb 2016 The author calls for renewed focus on the idea of ‘soft borders’ between India and Pakistan, with particular reference to Jammu and Kashmir, in the light of a theory of ‘enlightened sovereignty’ that...
by | On 19 Feb 2016 China’s first attempt to establish a multilateral financial institution was met with some suspicion and caution in the west. According to one interpretation, China is frustrated with the United States...
by Mike Callaghan | On 19 Feb 2016 This paper seeks to understand the changing financial landscape in East Asia that resulted from ongoing regional financial cooperation among ASEAN+3 countries. It examines the development of the Chian...
by | On 17 Feb 2016 The paper examines the volatility spillover between the stock market and the foreign exchange market in Pakistan. For the longrun relationship we use the Engle Granger two-step procedure and the volat...
by Abdul Qayyum | On 17 Feb 2016 Rise in the underground economy creates problems for the policy-makers to formulate economic policies, especially the monetary and fiscal policies. It is found that if there was no tax evasion, budget...
by M. Ali Kemal | On 17 Feb 2016 This paper empirically investigates the impact of trade and financial liberalisation on economic growth in Pakistan using annual observations over the period 1961-2005. The analysis is based on the bo...
by Muhammad Arshad Khan | On 16 Feb 2016 While the United Nations takes stock of how far women have come in getting women’s rights acknowledged as human rights, Indonesia wants to stop sending women out of the country as foreign domestic wor...
by | On 16 Feb 2016 The ‘climate refugee’ is not a new phenomenon. We are most likely set to see thousands displaced within their own countries or across borders as a result of adverse weather in future. This year’s fore...
by | On 16 Feb 2016 Water and Sanitation is the neglected sector in Pakistan. Most of the households in Pakistan do not have access to safe drinking water and lack toilets and adequate sanitation systems. These poor peop...
by Faheem Jehangir Khan | On 16 Feb 2016 The study employs Girton and Roper (1977) measure of exchange market pressure—sum of exchange rate depreciation and foreign reserves outflow, to examine the interaction between exchange market pressur...
by M. Idrees Khawaja | On 16 Feb 2016 Financial globalization has gathered attention since the early 1990s because of its macrofinancial and crisis implications and its perceived large expansion. But financial globalization has taken diff...
by Francisco Ceballos | On 16 Feb 2016 This paper considers emerging commercial policy challenges facing the Asia-Pacific region in light of the impasse reached at the Eighth World Trade Organization (WTO) Ministerial Meeting in December 2...
by Michael Plummer | On 16 Feb 2016 The purpose of this paper is to emphasize the importance of Europe’s structural problems and governance as the cause of the current euro area crisis. The euro may have led to bubbles, but member econo...
by Sahoko Kaji | On 16 Feb 2016 This paper evaluates the prospects for the renminbi’s role as an international currency and the implications for global financial markets. Although the People’s Republic of China (PRC) does not have e...
by Eswar Prasad | On 16 Feb 2016 This paper develops a multilateral currency system where national currencies are used for trade settlement in East Asia, comprising the Association of Southeast Asian Nations (ASEAN) member countries,...
by ll Houng Lee | On 16 Feb 2016 Developing economies are seeking to promote financial inclusion, i.e., greater access to financial services for low-income households and firms, as part of their overall strategies for economic and fi...
by Peter J. Morgan | On 16 Feb 2016 Japan has reached the limits of conventional macroeconomic policy. In order to overcome deflation and achieve sustainable economic growth, the Bank of Japan (BOJ) recently set an inflation target of 2...
by Naoyuki Yoshino | On 16 Feb 2016 In Asia, small and medium-sized enterprises (SMEs) account for a major share of employment and dominate the economy. Asian economies are often characterized as having bank-dominated financial systems...
by Naoyuki Yoshino | On 16 Feb 2016 This paper examines the road and railway links in Myanmar connecting northeast India on the one side with the rest of Southeast Asia on the other. It also discusses the importance of new deep-sea port...
by Hector Florento | On 16 Feb 2016 Thailand’s increasing importance as a regional co-production base and as an intra-regional trade and border trade hub is due mainly to recent changes in its economic structure, namely, the lack of ope...
by Suthiphand Chirathivat | On 16 Feb 2016 Many reforms have taken place in Indonesia following the Asian financial crisis of 1997– 1998. The government has embarked upon institutional transformation, making the country one of the region’s mos...
by Georg Inderst | On 16 Feb 2016 A widely agreed proposition in modern economics is that policy rules have greater advantage over discretion in improving economic performance. Simple monetary policy instrument rules are feasible opti...
by Wasim Shahid Malik | On 15 Feb 2016 The Taylor rule (1993) focuses only on two objectives: output and inflation. In practice, the central bank’s loss function (especially in developing countries) contains objectives other than these two...
by Wasim Shahid Malik | On 15 Feb 2016 This study is an attempt to analyse the determinants of private investment in Pakistan over the period 1972-2005. The ARDL co-integration approach is employed to check the existence of a long-run rela...
by Farooq Pasha | On 15 Feb 2016 Like other developing countries, Bangladesh initiated financial sector reform program during 1990’s. The main objectives of the financial sector reform programs were: i) Gradual B 3 | P a g e eliminat...
by Sayera Younus | On 15 Feb 2016 This document is designed to present a brief but comprehensive view of the real and monetary developments during the immediate past quarters and project the expected developments in the immediate futu...
by Bangladesh Bank BB | On 15 Feb 2016 This paper examines whether monetary policy transmits through bank assets or liabilities or both. This is an important policy issue since in order to know the effectiveness of monetary policy it is ne...
by Sayera Younus | On 15 Feb 2016 Identifying core inflation has become a very important issue for the Central Banks of the world for last few years. It has also become a practice to monitor the core inflation along side the headline...
by Md. Shahiduzzaman | On 15 Feb 2016 Lower spread is a vital indicator of the efficiency and competition in the financial system and conducive to higher economic growth of a country via investment spending. In Bangladesh, the spread in t...
by Shamim Ahmed | On 15 Feb 2016 Bangladesh Bank (BB) adjusted its monetary policy stance during 2005 in order to contain inflationary pressures and facilitate stability in the foreign exchange market. At the end of 2005, interest ra...
by Shubhasish Barua | On 15 Feb 2016 The major concern for the banking sector of Bangladesh is that implementation of Basel II will cause banks to raise capital appreciably and thus undermine their existing capital position. In such a si...
by Md. Kabir Ahmed | On 15 Feb 2016 In this paper two measures of the monetary policy stance are constructed. The stance of monetary policy, regarded as a quantitative measure of whether the policy is too tight, neutral, or too loose re...
by Farooq Pasha | On 14 Feb 2016 The continued withdrawal of ISAF forces and the handover of responsibilities to Afghan National Security Forces (ANSF) along with a strong Taliban military push dominated the security realm. The ANSF...
by Vanda Felbab-Brown | On 14 Feb 2016 This paper analyses monetary policy transparency of the central bank (SBP) using the Eijffinger and Geraats (2006) index. The results show that the SBP scores 4.5 out of 15, which is lower than any of...
by Wasim Shahid Malik | On 14 Feb 2016 The collapse of global financial markets in September 2008 has ignited a debate on what caused their quick undoing. As captured in the comments of the OECD Secretary-General, there is a growing sentim...
by Transparency International TI | On 13 Feb 2016 The paper attempts to analyze the role of public policy adjustments in facilitating the medical tourism sector in Asian countries in response to recent global economic events. While falling incomes ma...
by Vinay Singh | On 13 Feb 2016 Public procurement impacts people’s lives and accounts for a big share government budgets. The large monetary transactions involved make the risk of abuse high and the need for anti-corruption safegua...
by Transparency International TI | On 12 Feb 2016 The Global Risks 2014 report highlights how global risks are not only interconnected but also have systemic impacts. Based on a survey of the World Economic Forum’s multistakeholder communities, the r...
by World Economic Forum [WEF] | On 11 Feb 2016 The global economy is growing at an unprecedented pace, bringing large swathe’s of the world’s population out of poverty. But this is not without its challenges. New Growth Models takes a closer look...
by World Economic Forum [WEF] | On 11 Feb 2016 The Union Budget falls on February 29- this being a leap year. An online opinion poll on a leading media website reads: “Should Arun Jaitley prefer growth or fiscal deficit?” As India emerges as the...
by Tulsi Jayakumar | On 11 Feb 2016 Bonus continues to be an important component of the pay mix of employees. This practice is followed by most of the organizations to keep employees committed, motivated and dedicated towards their orga...
by | On 10 Feb 2016 The Report on the State of the World’s Plant Genetic Resources for Food and Agriculture provides a comprehensive overview on the status and trends of conservation and use of plant genetic resources at...
by Food and Agricultural Organization [FAO] | On 08 Feb 2016 The World Survey on the Role of Women in Development is the flagship publication of the United Nations Division for the Advancement of Women. It is presented to the Second Committee of the General Ass...
by UN Women | On 08 Feb 2016 In this study, an investigation of the effects of capital inflows on domestic price level, monetary expansion and exchange rate volatility. To proceed with this, linear and nonlinear cointegration and...
by Abdul Rashid | On 06 Feb 2016 The study analyses market perception about the performance of Pakistani commercial banks due to financial liberalisation and deregulation measures taken by the central bank over the last two decades....
by Kalbe Abbas | On 06 Feb 2016 Since the introduction of rational expectations in the literature, most of the research focus in the area of macroeconomics has been investigating micro foundations of macroeconomic theory and transmi...
by Wasim Shahid Malik | On 06 Feb 2016 Monetary policy has changed in a number of ways during the last two decades. Along with the other characteristics, modern monetary policy is forward-looking, and the central banks respond contemporane...
by Muhammad Nasir | On 06 Feb 2016 Despite receiving large quantities of foreign aid, Pakistan, like many other developing countries, has remained stagnant and become more aid dependent. This grim reality has provoked a vigorous debate...
by Muhammad Javid | On 06 Feb 2016 This Transparency International report, Transparency in Corporate Reporting: Assessing the World’s Largest Companies, evaluates the transparency of corporate reporting by the world’s 124 largest publi...
by Transparency International TI | On 05 Feb 2016 Each ASEAN member state has taken some steps to addressing corruption at the national level, such as ratifying the United Nations Convention Against Corruption (UNCAC), but much more is urgently neede...
by Transparency International TI | On 05 Feb 2016 In the aftermath of the global financial crisis, many different cases of malfeasance and corruption at banks have been exposed. To date, settlements worth more than US$ 230 billion have been agreed be...
by Transparency International | On 05 Feb 2016 This study tries to investigate the inter-linkage between foreign trade and Foreign Direct Investment (FDI) in case of Pakistan. Annual data for the period 1985–2010 have been considered for eight maj...
by Unbreen Qayyum | On 03 Feb 2016 The present study examines the determinants of payment mode choice and deal amounts in financial and nonfinancial sectors mergers and acquisitions (M&A) in Pakistan, undertaken during period 2005–2012...
by Yasmeen Akhtar | On 03 Feb 2016 Remittances and financial developments have been an important and overgrowing source in accelerating the growth process of many transitional economies. The economies that have enough source of remitta...
by Unbreen Qayyum | On 03 Feb 2016 This paper analyzes the relative performance of inflation and price-level targeting regimes in an AS-IS-LM framework under alternative policy instruments used by the central bank.
by Haider Ali | On 03 Feb 2016 The present study empirically examines the short term under and overreaction effect in the Karachi Stock Exchange, Pakistan, in the context of the 2008 Global Financial Crisis considering the period f...
by Asiya Sohail | On 03 Feb 2016 This study provides the evidence on the effect of managerial ownership on the firm’s performance and financial policies (debt and dividend) for 140 listed manufacturing firms of Pakistan.
by Haris Arshad | On 03 Feb 2016 Present study is conducted to measure the impact of financial integration on economic growth in Asian developing economies using panel data of twelve Asian countries from 1984-2012. In first part of a...
by Madiha Bashir | On 03 Feb 2016 Since the spirit of Islam is in stark and violent conflict with the spirit of Capitalism, the form taken by institutions designed to express this spirit must also be different. Capitalist financial in...
by Asad Zaman | On 03 Feb 2016 This study evaluates the link between disaggregate energy consumption (coal, petroleum, electricity, renewable energy consumption), economic growth and environment for Asian Developing countries. Coin...
by Ali Cheema | On 03 Feb 2016 This study investigates the existence of accrual anomaly by using a
sample of 340 non-financial firms listed at Karachi Stock Exchange. The
objective of the study is to examine the persistence of th...
by Jawad Mohammad | On 03 Feb 2016 This paper provides details of the decisions made by the Environment Standards Committee (ESC) on Financial Incentives to industry. It also documents the progress made so far in the implementation of...
by Abdul Khan | On 02 Feb 2016 The 2014 Arab Opinion Index is the third annual survey of Arab public opinion carried out by the Arab Center for Research and Policy Studies. In 2011, the survey was carried out in 12 Arab countries,...
by Arab Center for Policy Studies | On 02 Feb 2016 In honour of Krishna Raj, the legendary editor of Economic and Political Weekly, the Anusandhan Trust established the Krishna Raj Memorial Lecture series on Health and Social Sciences. This year’s lec...
by Padma Prakash | On 02 Feb 2016 In this report we take a look at strategic opportunities and barriers for action on under-nutrition, particularly for women and children in KP Province in the post-devolution context. We will assess u...
by Shehla Zaidi | On 02 Feb 2016 Remittances – money sent home by migrants – can help families survive conflicts or natural disasters. However, humanitarian agencies often fail to consider remittances when planning interventions. Thi...
by Paul Harvey | On 01 Feb 2016 This report presents snapshots of the financial crisis as seen by 21 thinkers, academics and policymakers in 14 developing countries. IDS invited them to present their views on the likely impacts and...
by Neil McCulloch | On 01 Feb 2016 Access to clean water is central to healthy and productive lives for the poor. Yet at the beginning of the 21st Century over one billion people still lack this vital resource (WWC, 2000). A decade ago...
by Water Policy Programme WPP | On 01 Feb 2016 This study combines rigorous analysis with clear, easy-to-understand presentation of empirical results. It does not advocate any particular kind of pension system or type of reform. The goal is to inf...
by OECD Development Centre | On 01 Feb 2016 Industrial countries are still struggling, with a few exceptions, to grow. Our fellow BRICS all have deep problems, with confidence about China waxing and waning. India appears to be better in this l...
by Raghuram G. Rajan | On 01 Feb 2016 In emerging economies like India, banking sector is very important. But banking sector is at 'crossroads'. There are many issues which this sector is facing and research which would generate fresh i...
by S.S. Mundra | On 01 Feb 2016 This study combines rigorous analysis with clear, easy-to-understand presentation of empirical results. It does not advocate any particular kind of pension system or type of reform. The goal is to inf...
by OECD Development Centre | On 31 Jan 2016 The rapidly unfolding global financial and economic crisis will severely disrupt economic growth worldwide, affect the livelihoods of billions around the world and endanger progress toward the poverty...
by United Nations Department of Economic and Social Affairs | On 31 Jan 2016 The financial crash of 2008 threatens economic insecurity in industrialized countries to an extent not experienced since the Great Depression. But as discussed in the World Economic and Social Survey...
by United Nations Department of Economic and Social Affairs | On 31 Jan 2016 Are we heading towards a hard landing of the United States dollar? In recent months, the value of the dollar approached another historic low vis-à-vis other major currencies. This contrasts with the i...
by United Nations Department of Economic and Social Affairs | On 31 Jan 2016 The danger to global economic recovery posed by the European debt turmoil throws a spotlight on a key missing international institution critical to global finance a sovereign debt resolution mechanism...
by United Nations Department of Economic and Social Affairs | On 31 Jan 2016 Responding to the economic and financial crisis, a large number of countries introduced fiscal stimulus packages to support aggregate demand. These have been critical in avoiding the recession becomin...
by United Nations Department of Economic and Social Affairs | On 31 Jan 2016 The recent food price spikes have exposed deep structural flaws in the world food system. Although increased financial speculation in commodity futures and options markets seems to have amplified shor...
by United Nations Department of Economic and Social Affairs | On 31 Jan 2016 The world economy is teetering on the brink of another major downturn. As in 2008, economic woes in the major developed economies are weakening economic prospects around the world. Th ere are multiple...
by United Nations Department of Economic and Social Affairs | On 31 Jan 2016 Difficulties in raising sufficient resources to finance internationally agreed development goals and global objectives, such as combating climate change, have led the quest for new and innovative sour...
by United Nations Department of Economic and Social Affairs | On 31 Jan 2016 The responses collected from the online survey on people’s empowerment contained in this report represent a collaborative effort, made possible by the answers received from people across the world on...
by United Nations Department of Economic and Social Affairs | On 31 Jan 2016 This paper dwells upon some of the conceptual issues pertaining to regional economic cooperation in general and specific to the South Asian region. It also documents the progress made in SAARC, the SA...
by Ram Upendra Das | On 30 Jan 2016 This paper discusses the emerging scenario in regional infrastructure development in South Asia, identifies the infrastructure challenges for the future, and provides some policy options in order to b...
by Prabir De | On 30 Jan 2016 Trade liberalization and financial deepening have assumed greater significance for a country’s economic growth performance in recent times. This paper finds that trade openness and financial developme...
by Ram Upendra Das | On 30 Jan 2016 Credit ratings have become a widely accepted measure of firms’ creditworthiness in financial markets. The present study aims to examine the impact of external credit ratings on the financial structure...
by Shoaib Ali | On 30 Jan 2016 Many authors have described and modelled Keynesian effects in a Babysitting Cooperative (BSC), which has the underlying structure of a single good barter economy. A simple model of the BSC economy is...
by Asad Zaman | On 30 Jan 2016 Is leadership diversified in Asian corporate boardrooms? How is gender diversity in corporate leadership associated with financial performance? What is the magnitude of potential gain by allocating hu...
by Meijun Qian | On 30 Jan 2016 South Asia has attracted global attention because it has experienced rapid GDP growth over the last two decades. What is not so well known is that South Asia is the least integrated region in the worl...
by Ejaz Ghani | On 29 Jan 2016 Available literature on regional trade integration in South Asia points to a variety of economic and non-economic factors that have slowed the integration process. The major non-economic factors inclu...
by South Asia Watch on Trade, Economics & Environment SAWTEE | On 28 Jan 2016 Over the past two decades, regional trade agreements (RTAs) have proliferated alongside the WTO system, involving a wide variety of agreements. In the absence of significant progress on the multilater...
by | On 28 Jan 2016 This paper attempts at critically examining various theoretical approaches concerning uneven development and regionalism. Major theories propounded by the neo-classical regional school, institutionali...
by Sudarshan Iyengar | On 28 Jan 2016 This document incorporates outputs of two discussions conducted on State of the Sector Report 2012. The summaries of the two discussions on SOS 2012 also find place in the State of the Sector Report...
by United Nations Development Programme (UNDP) | On 27 Jan 2016 This publication focuses on the issues related to domestic workers such as financial inclusion of urban poor , issues related to identity proof for opening accounts in the banks, best practices for do...
by United Nations Development Programme (UNDP) | On 27 Jan 2016 The research study highlights the financial inclusion needs of cycle rickshaw pullers in India. These include access to service sectors; improvement of asset base; employment of their women; increase...
by | On 27 Jan 2016 The report assesses the impact of Samruddhi- the Madhya Pradesh model of financial inclusion that aims to improve access of the state’s poor to finance. It examines the current level and pattern of ac...
by | On 27 Jan 2016 The paper reviews the payment guidelines issued by the Reserve Bank of India, global experiences for non-banks in payments and the lessons therefrom. It also outlines the recent developments in financ...
by | On 27 Jan 2016 To date, government procurement has been effectively carved out of the main multilateral rules of the WTO system. This paper examines the systemic and other ramifications of this exclusion, from both...
by Robert Anderson | On 26 Jan 2016 The paper, nonetheless, acknowledges that delivering these benefits would involve significant practical and political challenges. It concludes that if the challenges can be overcome and the mutual ben...
by Kodjo Osei-Lah | On 26 Jan 2016 While conditions in trade finance markets returned to normality in the main routes of trade, the structural difficulties of poor countries in accessing trade finance have not disappeared – and might h...
by Marc Auboin | On 26 Jan 2016 While greater focus has been cast on analysis of policy changes affecting trade in goods in the aftermath of the financial crisis, little is known about the direction of policies affecting trade in se...
by Martin Roy | On 26 Jan 2016 After the global financial crisis, India was exposed to many external shocks from commodity prices and foreign capital flows. Although capital flow fluctuations were largely due to global risk-on risk...
by Ashima Goyal | On 24 Jan 2016 Over the last few years, the government has taken a number of initiatives in terms of financial, fiscal, and related policies; adopted strategies; and implemented actions for promoting SME-led economi...
by Naima Nazneen Rikta | On 23 Jan 2016 This note provides estimates of inflation rate of import-concentrated commodities and their contribution to overall inflation in Bangladesh. The results suggest that the Bangladesh economy has been ex...
by M. G. Mortaza | On 23 Jan 2016 The statutory liquidity requirement (SLR), as a monetary policy instrument, has experienced infrequent changes in Bangladesh. Past evidence shows that reduction in SLR produced positive impact on bank...
by Sayera Younus | On 23 Jan 2016 The main purpose of the survey is to collect data on the extent of the mis-reporting of deposit interest rates, as accurate data is essential for effective financial and monetary policy.
by Md. Ezazul Islam | On 23 Jan 2016 India and its partners – Brazil, China, Russia and South Africa – in the BRICS forum have launched the New Development Bank. With the leaders of these countries, who recently met at Ufa in Russia, dis...
by | On 23 Jan 2016 A close analysis of India’s higher growth rate in the last financial year reveals some disturbing signs of emerging vulnerabilities on both the supply and demand sides of the macro-economy. Stagnant a...
by | On 23 Jan 2016 It may be time to look at the market forecasts that pundits had made earlier.
by T.N. Ninan | On 23 Jan 2016 In the backdrop of rise in Free Trade Agreements (FTAs) in developing countries, particularly after the global financial and economic crisis, Bangladesh is still ambivalent in setting its strategies r...
by Khondaker Moazzem | On 23 Jan 2016 Over the years, the Bangladesh Bank (BB) has been using changes in consumer price index (CPI) inflation as the operational guide to measuring price stability in Bangladesh. In recent years, it has how...
by Bangladesh Bank | On 23 Jan 2016 Despite the removal of restrictions and reforms in the banking sector to facilitate the adoption of a market oriented interest rate policy, interest rates are yet to become fully responsive to the mar...
by Bangladesh Bank | On 23 Jan 2016 This note examines recent movements in net domestic asset (NDA) and net foreign asset (NFA) of BB vis-à-vis the proposed monetary program for FY09 and brings out possible policy implications and manag...
by Bangladesh Bank | On 23 Jan 2016 The present global financial crisis shows that there is no substitute of prudent government intervention and careful regulation even when market determined incentive structures operate. The pursuit of...
by Bangladesh Bank | On 23 Jan 2016 This study examines the impact of the principal financial crises in emerging markets in recent years on the incidence of poverty in the countries in question. The growth impact is first identified by...
by | On 22 Jan 2016 This paper analyses shifts in economic power over the last almost five decades. Developing countries and regions have increased their share of incremental world income and incremental world exports ov...
by Manmohan Agarwal | On 21 Jan 2016 The relationship between poor sanitation, water borne disease, mortality and malnutrition is well documented. Statistics about the number of deaths due to diarrhea as well as stunting caused by malnut...
by Deepak Sanan | On 19 Jan 2016 This paper refers to social inclusion as a goal, process and outcome. As a universal goal, social inclusion aims to achieve an inclusive society that entails respect for human rights, cultural diversi...
by | On 19 Jan 2016 The present paper examines the capital structure adjustment dynamics of listed non-financial corporations in seven East Asian countries during 1994-2002. Compared to firms in the least affected countr...
by Sarmistha Pal | On 19 Jan 2016 This paper asks whether the increased openness and technological innovation in East Asia have contributed to an increased demand for skills in the region. We explore a unique firm level data set acros...
by Rita Almeida | On 19 Jan 2016 This paper identifies the ingredients for what it calls “light-handed” industrial policy to address these obstacles. To a certain extent, emerging market hosts can carry out the policy interventions r...
by Theodore H Moran | On 15 Jan 2016 Regional integration efforts have intensified at varying levels over the years to implement the regional integration initiatives of ASEAN, ASEAN+3 and ASEAN+6. Current efforts are still not enough to...
by OECD Development Centre | On 13 Jan 2016 The Millennium Development Goals (MDGs) were introduced to monitor implementation of the United Nations Millennium Declaration which set out a vision for inclusive and sustainable globalization based...
by Sakiko Fukuda-Parr | On 13 Jan 2016 The paper discusses the progress of Indian economy and its policies since the broadbased structural reforms initiated in 1991 with a special focus on the recent downturn following the global financial...
by | On 11 Jan 2016 How can young people and their future education and employment be put at the forefront of the solution to the current crisis as they represent the future of the world? These are some of the issues tha...
by Emmanuel Akoto | On 11 Jan 2016 This paper presents the empirical results of the volatility transmission of money market overnight
repo rate along the yield curve in Pakistan. The results indicate that the transmission of volatilit...
by Asif Mahmood | On 11 Jan 2016 The Trade and Development Report (TDR) 2015: Making the international financial architecture work for development reviews recent trends in the global economy and focuses on ways to reform the internat...
by United Nations Conference on Trade and Development UNCTAD | On 09 Jan 2016 In the 1970s, the oil-producing and exporting countries of the Middle East delivered a shock to the global economic system that had many unexpected consequences. The then-quadrupling of the price of o...
by Shahid Javed Burki | On 09 Jan 2016 The system of participatory (or joint) forest management was commenced in the North West Frontier Province (NWFP) of Pakistan in 1996 through Asian Development Bank's funded project. These forest refo...
by Tanvir Ali | On 08 Jan 2016 The formation of regional production networks in East Asia has occurred mainly through market forces, without much help from regional institutions in promoting the creation of a single Asian market. W...
by Masahiro Kawai | On 07 Jan 2016 The authors develop a new set of indexes of exchange rate stability, monetary policy independence, and financial market openness as the metrics for the trilemma hypothesis. In their exploration, they...
by Masahiro Kawai | On 07 Jan 2016 Trade integration and free trade agreement (FTA)-led cooperation between Asia and Latin America has increased since the early 2000s. Using new criteria, this paper examines whether Asia-Latin America...
by Ganeshan Wignaraja | On 07 Jan 2016 Cross-border production networks have been playing an increasingly important role in the Association of Southeast Asian Nations (ASEAN) countries’ trade in recent years, but micro-level studies are ra...
by Ganeshan Wignaraja | On 07 Jan 2016 This paper investigates and analyzes the present status, potential, and prospects of Association of Southeast Asian Nations (ASEAN) free trade agreements (FTAs). The move towards the ASEAN Economic Co...
by Suthiphand Chirathivat | On 07 Jan 2016 As cross-border movements of goods, capital, and labor are intensifying, it is likely that goods markets in East Asia will become increasingly integrated. This study investigates the current state of...
by Woosik Moon | On 07 Jan 2016 The global financial crisis and the recent growth slowdown in the People’s Republic of China (PRC) have led to questions about the sustainability of the PRC’s growth. The commonly used argument is tha...
by Yuqing Xing | On 07 Jan 2016 The Trans-Pacific Partnership (TPP) agreement seems to have reached a crossroads: it could either be a building block toward achieving economic integration in Asia and the Pacific, or trigger the form...
by Inkyo Cheong | On 07 Jan 2016 Japan’s “two lost decades” perhaps represent an extreme example of a weak recovery from a financial crisis, and are now referred to as “Japanization.” More recently, widespread stagnation in advanced...
by Masahiro Kawai | On 07 Jan 2016 Motivated by the proliferation of free trade agreements (FTAs) in Asia over the last decade, this paper studies the challenges faced by the Asian “noodle bowl” — overlapping, multiple trade rules, reg...
by Richard Baldwin | On 07 Jan 2016 In 2013, through massive quantitative easing by the Bank of Japan (BOJ), the yen depreciated about 25% against the US dollar, stoking fears of Japan bashing by the US. However, this sharp depreciation...
by Ronald McKinnon | On 07 Jan 2016 This paper undertakes a comparative and firm-level analysis of the impact of regional trade agreements (RTAs) in Indonesia, Malaysia and the Philippines. It finds that firm-heterogeneity matters in RT...
by Ganeshan Wignaraja | On 07 Jan 2016 The Asian financial crisis (1997-1998) and the global financial crisis (2007-2009) highlighted the potential value of financial regionalism, i.e., regional-level cooperation in financial policy. This...
by Masahiro Kawai | On 07 Jan 2016 The processes of informal or soft regionalism driving China’s engagement with the regional and global economy are resulting in nuanced understandings of state, security and the conduct of internationa...
by Nimmi Kurian | On 05 Jan 2016 One of the most important ways in which several of the common developmental challenges in South Asia could be addressed is by focusing on manufacturing. This paper highlights insights from the status...
by Ram Das | On 02 Jan 2016 This report presents some initial perspectives on the impact of theglobal financial crisis on the people of India, particularly the poor, and points to the need for policy actions to transform the sit...
by | On 01 Jan 2016 This document clearly informs about the possible strategies that can be applied for the implementation of the NRLM. The publication not only incorporates outputs of the discussions on NRLM design but...
by United Nations Development Programme (UNDP) | On 01 Jan 2016 This paper explores how far the expansion of Banks and Financial Institutions including cooperatives assures the access to finance and its sustainability. The study also explores the worth of financia...
by | On 01 Jan 2016 Global capital flows into emerging markets, including those in Asia, continue to be volatile, generating both benefits and costs. The latter are associated with episodes of currency and banking crises...
by Ramón López | On 01 Jan 2016 This paper focuses on the relevance to emerging economies of three major financial reforms following the global financial crisis of 2007–2009: the improved capital requirements intended to reduce the...
by Duncan Alford | On 30 Dec 2015 This paper reviews the empirical evidence for the macroeconomic effects of financial globalization and discusses why several of the expected benefits have failed to materialize, in terms of both long-...
by | On 29 Dec 2015 Development Finance Institutions (DFIs) have the purpose of providing financial resources to economic actors in regions and sectors where access to capital is limited. Rather than competing with priva...
by | On 29 Dec 2015 In Bangladesh, pourashavas are an alternative destination to large cities. With the influx of urban residents within the next decades, governments and development partners must lead pourashavas toward...
by Norio Saito | On 29 Dec 2015 This paper discusses how financial crises in emerging Asia and Japan worked as catalysts for legal reforms. Findings show that six Asian countries pursued significant legal and judicial reforms follow...
by Masahiro Kawai | On 29 Dec 2015 The purpose of this study is to better understand the likely impact on Asian economies and financial institutions of various recent global financial reforms, including Basel III capital adequacy and l...
by Peter Morgan | On 29 Dec 2015 This paper empirically investigates whether financial health shores up firm productivity. It presents productivity as another driving factor in translating financial development into real economic pro...
by Shandre Thangavelu | On 29 Dec 2015 This paper reviews the history of East Asian monetary policy frameworks since 1990; describes current monetary policy frameworks, including issue of price versus financial stability for a central bank...
by Peter Morgan | On 29 Dec 2015 The ASEAN Economic Community (AEC) was set up in 2003 with the objectives of creating a single market and production base, enhancing equitable economic development as well as facilitating the integrat...
by Siowyue Chia | On 29 Dec 2015 The India–Sri Lanka Free Trade Agreement has been in operation for more than a decade. The paper provides the Sri Lankan perspective of the Free Trade Agreement (FTA) highlighting both the positive ou...
by Saman Kelegama | On 29 Dec 2015 “Abenomics” refers to the economic policies advocated by Prime Minister Shinzo Abe who became prime minister of Japan for a second time when his party, the Liberal Democratic Party, won an overwhelmin...
by Farhad Hesary | On 29 Dec 2015 The paper estimates the potential gains to be large, particularly for South Asia, assuming that the policy- and infrastructure-related variables that increase trade costs are reduced via economic coop...
by Fan Zhai | On 29 Dec 2015 We estimate the response of Asian stock market prices to exogenous monetary policy shocks using a vector error correction model. In our paper, monetary policy transmits to stock market price through t...
by Farzana Sehrin | On 29 Dec 2015 This paper presents the case for investments and actions — on an unprecented scale — to broaden the range of real opportunities open to the world's 3.5 billion women and girls. Advocates for equality...
by UN Women | On 28 Dec 2015 This paper examines issues of women’s employment and decent work in the context of the on-going global financial and economic crisis. Recognizing that financial and economic crises affect men and wome...
by UN Women | On 28 Dec 2015 Are we worse off at the end of 2015 than at the start?
by T.N. Ninan | On 25 Dec 2015 This study examines the relationship between firm characteristics and borrowing from commercial banks by small and medium-sized enterprises (SMEs) in the People's Republic of China (PRC) and five Sout...
by Ganeshan Wignaraja | On 24 Dec 2015 This paper examines the gains for South Asian economies from integratingwith East Asia and India’s role in this process. Evidence of increased pan-Asian integration exists but the process is uneven. B...
by Ganeshan Wignaraja | On 24 Dec 2015 In this paper, income distributions for developing countries in Asia are modeled using beta-2 distributions, which are estimated by a method of moments procedure applied to grouped data. Estimated par...
by Duangkamon Chotikapanich | On 24 Dec 2015 During the 1995 Fourth World Conference on Women, the Beijing Declaration and Platform for Action reflected the importance of the interface between gender equality and sustainable development. It reco...
by United Nations Development Programme (UNDP) | On 24 Dec 2015 Economic integration is being inhibited by the poor state of transport connectivity between Bangladesh, and South Asia and Southeast Asia. This study reviews connectivity initiatives of Bangladesh and...
by Mustafizur Rahman | On 23 Dec 2015 Sri Lanka has achieved a high level of financial inclusion compared to other South Asian countries. Its financial sector comprises a wide range of financial institutions providing financial services s...
by Saman Kelegama | On 23 Dec 2015 The intention of this study is to analyze lending rate behavior in Bangladesh and also to determine the factors that mostly affect the lending rates. For this purpose, a set of macro and bank specific...
by Shahana Nasrin | On 22 Dec 2015 Employing data for 1992-2012, the article examines the factors affecting the capital structure of publicly listed Indian banks from a corporate finance perspective and compares the findings by exploit...
by Goutam Chatterjee | On 22 Dec 2015 Achieving the Sustainable Development Goals (SDGs) will require high levels of productive private and public sector investment, which in turn requires a suitable investment climate. This paper provide...
by | On 22 Dec 2015 Preparing and implementing a K–12 transition absorbs considerable financial and human resources. It follows that the reasons for restructuring must be compelling. It follows that the reasons for restr...
by | On 21 Dec 2015 The paper reports on existing incentive structures in a sample of government and private schools in Delhi and elicits teachers’ perspectives on factors which motivate them. It is found that performanc...
by | On 21 Dec 2015 Drawing from existing domestic experiences and the first results of the international debate, this paper tries to identify some high-level recommendations on how the payments system should be regulate...
by Maria Malaguti | On 19 Dec 2015 The intention of this paper is to examine whether Real Exchange Rate (RER)depreciation has any impact on export, import and trade balance of Bangladesh.
Real exchange rate is calculated using Tk./do...
by Maidul Chowdhury | On 19 Dec 2015 It is most likely that the current reserve currencies will retain their status in the near future, given the persistence in the composition of reserve holdings. However, since we do not have complete...
by Menzie D. Chinna | On 18 Dec 2015 The main intention of the paper is to investigate the extent of sterilization of Bangladesh Bank to offset the monetary expansionary effect of reserve accumulation in the foreign exchange market.
To...
by Mst. Nurnaher Begum | On 18 Dec 2015 Bangladesh has had impressive growth in exports, remittances and foreign exchange reserve in recent year. By analyzing the liberalizing regime from 1979 to this date by adopting a comprehensive approa...
by Abdul Wahab | On 18 Dec 2015 The 2015 Global Sustainable Development Report, an intergovernmental-mandated report on the science-policy interface for sustainable development, was presented to UN Member States at the High Level Po...
by United Nations UN | On 17 Dec 2015 The Comprehensive Peace Agreement (CPA) signed on 21 November 2006, made an unprecedented commitment to those children who had been involved in Nepal’s decade long civil war. It stipulated that those
...
by | On 17 Dec 2015 The paper tries to explain the imposition of sanctions by the UNSC on Iran and North Korea and the absence of UNSC sanctions on India and Pakistan. Although there are aspects in the sanctions on Iran...
by | On 17 Dec 2015 This research paper is divided into two parts to provide a more complete view of how both countries think in term of their ambitions and the methods they deem important to achieve them. This paper arg...
by | On 17 Dec 2015 This policy brief recommends that these include commitments to: ending extreme poverty and inequality, with a special focus on gender equity and women’s rights; aligning with environmental and social...
by Oxfam International | On 17 Dec 2015 The agenda for the Third International Conference on Financing for Development suggests there will be less focus on aid, and more on how developing countries can generate their own financial resources...
by Mick Moore | On 16 Dec 2015 Back in 2004, when I ran the Chinadesk at the International Monetary Fund, my team some written questions to Beijing ahead of our meetings with Chinese officials. China’s central bank had claimed that...
by Eswar Prasad | On 16 Dec 2015 The objective of this study is to examine the characteristics of the stock market bubble burst in Bangladesh and policy response for the sample period from 2004:7-2013:2. This paper also discusses the...
by Dr. Sayera Younus | On 15 Dec 2015 This paper discusses the current status of financial inclusion, education, and regulation in the Philippines and measures to foster financial inclusion. The primary policy challenge faced by the gover...
by Gilberto M. Llanto | On 15 Dec 2015 The World Economic Forum along with the Confederation of Indian Industry (CII) convened the National Strategy Day on India on 3rd and 4th of November to provide a platform to boost economic growth and...
by | On 09 Dec 2015 Budgets are the most solid expression of a government’s priorities, performances, decisions and intentions both at the national as well as the level of the states. This budget for children (BfC) in Me...
by HAQ Centre for Child Rights HAQCRC | On 08 Dec 2015 In the recent past, several initiatives have been taken to address the challenges in the power sector. These include structural
changes in the regulatory framework as proposed by the Electricity (Ame...
by Prachee Mishra | On 04 Dec 2015 This paper analyses 45 cases of insolvency and bankruptcy resolution in order to measure the efficiency
and problems of the present laws for firm bankruptcy in India. These cases have been selected t...
by Aparna Ravi | On 25 Nov 2015 Post-7th Pay Commission recommendations, the pay being offered now should not be a disincentive for public-spirited people with ability. Can the government afford this hike?
by T.N. Ninan | On 21 Nov 2015 The paper argues for a regular public reporting of key performance indicators by the WatSan utilities in India. It elaborates on how the policy behind these reforms could be operationalized.
by Premila Nazareth Satyanand | On 18 Nov 2015 It is often emphasised that seigniorage financing of public sector deficits is technically a “free
lunch” if the economy has not attained the full employment levels. However, conservative
macroecono...
by Lekha S. Chakraborty | On 16 Nov 2015 The paper argues that central banks should play a broader role in helping developing countries meet their key challenges, such as generating productive employment, helping to allocate investment to pr...
by | On 28 Oct 2015 This paper examines policies for the support of families with children, in particular child-related financial transfers and early childhood education and care (ECEC) services. The analysis is mainly f...
by Mary Daly | On 21 Oct 2015 This paper documents the pervasiveness of women’s lack of income security in old age across a large number of countries, but also points to a number of important policy measures that can be taken to a...
by | On 20 Oct 2015 In this paper the aim is to investigate the different nuances of India's capital account management through empirical analyses as well as descriptive discussions. In particular the study the evolution...
by Rajeswari Sengupta | On 19 Oct 2015 This paper attempts to discuss India’s options to collaborate with
China at the event of the formation of new financial institutions and how should India engage with
China’s new Silk Road strategy.
by Ajay Chhibber | On 16 Oct 2015 the influence of the industry financial composition on the export flow between
Pakistan and its trading partners is determined. The importing countries are split according to their OECD membership st...
by Aadil Nakhoda | On 16 Oct 2015 Using a theoretical framework that
combines the essence of Ramsay’s growth model and the New-Keynesian macrodynamics,
and applying the Kalman filter estimation technique, this paper finds that
Indi...
by Harendra Behera | On 16 Oct 2015 The paper analyses the determinants and effects of reforms of employment protection legislation (EPL), using a novel inventory that covers 111 developed and developing countries between 2008 and 2014....
by Clemente Pignatti Morano | On 15 Oct 2015 Self-help groups (SHGs) are the most common form of microfinance in India. The authors provide evidence that SHGs, composed of women only, undertake collective actions for the provision of public good...
by | On 01 Oct 2015 The paper discusses India’s rapid services-led growth has always seemed rather fortuitous and unsustainable. For, both historical experience and economic reasoning lead us to expect growth at India’s...
by | On 01 Oct 2015 Roughly 40 percent of the world’s poor live in South Asia, where poverty is basically a rural problem. Therefore, a significant gain in rural poverty reduction in this sub-region will be crucial to re...
by | On 30 Sep 2015 The Global Competitiveness Report 2015-2016 presents the rankings of the Global Competitiveness Index (GCI). The GCI is based on 12 pillars that provide a comprehensive picture of the competitiveness...
by | On 30 Sep 2015 The Global Nutrition Report 2015 is a report card on the world’s nutrition globally, regionally, and country by country and on efforts to improve it. It assesses countries’ progress in meeting global...
by International Food Policy Research Institute | On 24 Sep 2015 Seven years after the financial crisis, countries have done well. India is also doing well but there is a lot of difference in the programmes announced and how they are implemented.
by T.N. Ninan | On 19 Sep 2015 This study uses P-star model to examine the role of money in explaining inflation in India. In particular, we compare the performance of traditional Phillips curve approach against P-star model in for...
by Sunil Paul | On 14 Sep 2015 The report reveal the magnitude of the challenge that the world still faces in the quest for gender equality. This report promotes the cause of inclusion of women by informing research and policy disc...
by World Bank | On 11 Sep 2015 In India, Basel III capital regulation has been implemented from April 1, 2013 in phases and it will be fully implemented as on March 31, 2019. Do we need Basel III for a country like India? What are...
by N.S. Viswanathan | On 08 Sep 2015 This paper provides an analysis of financial development and inclusion in developing Asia using data from a wide array of sources. In terms of aggregate measures of financial development, the region a...
by | On 07 Sep 2015 A broad assessment of the evolution of financial markets and the issues we are grappling with are given here. We can learn right lessons from other countries. There could be different view points and...
by Harun R Khan | On 31 Aug 2015 Over the past 15 years, important gains have been made in gender equality. Gender gaps in educational attainment have shrunk substantially. In fact, in many high-income countries, young women’s educat...
by Megan Gerecke | On 31 Aug 2015 Against the backdrop of the new monetary policy framework, this paper analyses the determinants of inflation in the deregulated financial regime. The paper upfront has been kept free from adherence to...
by Lekha Chakraborty | On 25 Aug 2015 Since the collapse of the Soviet Union, Central Asia has witnessed repeated efforts to strengthen regional integration through cooperation with the establishment of a number of regional organizations...
by Johannes F. Linn | On 25 Aug 2015 How is the RBI helping the government to create the conditions for a sustainable growth? Structural reforms will help
strengthen this growth – two weeks ago, the Government announced Indradhanush, la...
by Raghuram G. Rajan | On 25 Aug 2015 This study examines the impact of commercial bank credit to the private sector on the economic growth in Nepal from supply side perspectives. The study has applied Johansen co-integration approach and...
by | On 17 Aug 2015 Enhancing bank competition, among other measures, could adequately strengthen interest rate transmission; but the danger is in overreaching and losing leverage.
by Ramkishen S. Rajan | On 16 Aug 2015 This study focuses on the marketable
domestic public debt of the Government of India (GoI) in terms of size, magnitude, policy and approach followed and also discusses issues and challenges on debt m...
by Lakshmanan L | On 13 Aug 2015 The central objective of the paper is to empirically examine the relationship between financial development and income inequality. Theoretically, there are grounds for both a positive and negative
re...
by Donghyun Park | On 12 Aug 2015 In this paper the results are documented which derived from the Perception and Attitudes towards Ageing and seniors (PATAS) survey completed in early 2014. These results delve into respondents beliefs...
by Mathew Mathews | On 11 Aug 2015 This paper considers the implications of an imperfect monetary transmission mechanism for optimal monetary policy choices in an open economy. The asset market channel is restricted in this paper as so...
by | On 11 Aug 2015 This
paper is an attempt to know the equilibrium exchange rate of Taka to measure exchange rate misalignment. To estimate
the equilibrium real exchange rate we use macroeconomic balance approach, wh...
by Md. Akhtaruzzaman | On 11 Aug 2015 This paper examines the concept of monetary policy credibility from both the theoretical and practical viewpoints. It also discusses the advantages of high credibility and explains measures that can b...
by Naveen Srinivasan | On 31 Jul 2015 For a sample of 42 high and middle income countries analyzed over a period
of 30 years ranging from 1982 till 2011, this paper shows that while an efficient trilemma policy choice
can help lower inf...
by | On 31 Jul 2015 The report looks beyond the proclamations and communiqués to assess what has really changed since the crisis erupted. While not exhaustive, the report looks at: Overseas Development Assistance, both i...
by | On 30 Jul 2015 The co-operative movement in India is more than a century old; regulation thereof is also more than a century old with the first major impetus provided by the passage of the Co-operative Society Act i...
by R. Gandhi | On 29 Jul 2015 The paper aims to analyse points of contention among economists and policymakers. This paper will discuss the pre-crisis conditions in the euro zone nations to gauge the extent of vulnerability of the...
by | On 28 Jul 2015 This paper aims to provide APEC members with evidence-based guidance on the implementation of the APEC mandate. Theoretically, this approach addresses the free-rider problem. Free riders are countries...
by | On 28 Jul 2015 Financial sector’s primary role is intermediation between ultimate savers and ultimate investors. Initially, it was banks which were the intermediaries. As the financial sector evolved, other types of...
by R. Gandhi | On 21 Jul 2015 This paper considers whether GDP-linked official external public debt can help address some of the challenges that developing countries face when managing international financial flows. GDP-linked off...
by United Nations Development Programme UNDP | On 20 Jul 2015 Can state owned banks revive Indian economy? Let's see what the managerial solutions to revive banks show us.
by T.N. Ninan | On 18 Jul 2015 The adoption of inflation targeting in India has been a much debated topic which also becomes a challenge for the emerging economy. Though inflation targeting has already been adopted in many emerging...
by Charan Singh | On 17 Jul 2015 Amidst calls for reform of international financial institutions and failure of existing development banks to satisfy the development financing needs of developing countries in general, and BRICS in pa...
by | On 16 Jul 2015 The objective of this paper is to understand the prospects of enhancing services trade, investment and co-operation between South and Southeast Asia, taking the example of India and Thailand, by focus...
by | On 13 Jul 2015 This paper considers the implications of an imperfect monetary transmission mechanism for optimal monetary policy choices in an open economy. The asset market channel is restricted in this paper as so...
by | On 09 Jul 2015 Banks and financial institutions are easy prey to fraudsters. As long as banks and financial institutions handle huge sums of money as financial intermediaries they will always be the target of ingeni...
by R. Gandhi | On 06 Jul 2015 If the entry of foreign banks results in a concentrated banking sector, as has been the case in several Central and Eastern European countries, then the goals of achieving financial inclusion are adve...
by Ramkishen S. Rajan | On 05 Jul 2015 Greek negotiations are more political than economic. Contrary to popular opinion, Greece has actually done quite well in terms of its macro fundamentals. And the case for imposing austerity measures...
by Saugata Bhattacharya | On 05 Jul 2015 Greece is in huge financial trouble. Greece is paying the price for past follies like fictitious national accounts, unsustainable pension programmes, non-existent tax revenues and (the biggest mistake...
by T.N. Ninan | On 04 Jul 2015 This paper argues that the presumption that the Indian economy was on a robust growth trajectory decoupled in important ways from the international system is questionable. Rather, the recent boom was...
by C.P. Chandrasekhar | On 29 Jun 2015 This paper assesses the case for promoting financial education in Asia. It argues that the benefits of investing in financial education can be substantial. Data are limited, but indicate low financial...
by | On 29 Jun 2015 In the two-dimensional model of interpersonal attraction, cognitively evaluated respect for capacity of
and trust in willingness to facilitate goals/needs of each other have been postulated to be nec...
by Ramadhar Singh | On 25 Jun 2015 Though health has been considered a fundamental human right since the Alma Ata Declaration in 1978, still a significant proportion of world population don’t get access to basic healthcare simply due t...
by S Madheswaran | On 22 Jun 2015 The adoption of inflation targeting in India has been a much debated topic which also becomes a challenge for the emerging economy. Though inflation targeting has already been adopted in many emerging...
by Charan Singh | On 18 Jun 2015 This article utilises state-level data for 1961–2012 to examine the interlinkage between informal finance and monetary policy. The analysis suggests that in response to a monetary contraction, borrowi...
by Saibal Ghosh | On 15 Jun 2015 The transmission mechanism of policy-induced changes are is analysed in the discount rate and required reserves in Pakistan. The results suggest that the pass through to the lending rate is complete f...
by Muhammed Omar | On 05 Jun 2015 On the basis of an assessment of the current and evolving macroeconomic situation the statement suggest that the global recovery is still slow and getting increasingly differentiated across regions.
by Raghuram G. Rajan | On 03 Jun 2015 The India Development Update for April 2015 has two main aims. First, it reports on the key developments over the past six months in India's economy, and places these in a longer term and global conte...
by World Trade Organisation | On 18 May 2015 If the South Asia region hopes to meet its development goals and not risk slowing down or even halting growth, poverty alleviation, and shared prosperity, it is essential to make closing its huge infr...
by World Bank | On 27 Apr 2015 Internet service providers (ISPs) have played an important role in China's internet regulation regime. This article illustrates how ISPs are governed to serve the government's regulatory goals.
by Henry L. Hu | On 15 Apr 2015 Serious efforts at economic integration among the Association of Southeast Asian Nations (ASEAN) members started only in 1992. Initial obstacles included the widespread pursuit of import substitution...
by Siow Yue Chia | On 14 Apr 2015 According to the Asian Development Outlook 2015, India is forecast to overtake China in terms of economic growth as the initial phase of government efforts to remove structural bottlenecks is lifting...
by Asian Development Bank Institute | On 01 Apr 2015 This paper critically reviews the major trends in the trajectory of evolution of Indian microfinance since the early 1990s. The debates
on Indian microfinance reflect the myriad imaginations and perc...
by | On 31 Mar 2015 A comprehensive overview of a few empirical studies is presented that have explored the issue of Trilemma in the Indian context. Based on these studies an analysis is done on how have Indian policy ma...
by Satish Y Deodhar | On 30 Mar 2015 Understanding the link between financial inclusion, poverty, and income inequality at the country level will help policymakers design and
implement programs that will broaden access to financial serv...
by | On 27 Mar 2015 Evidence regarding the relationship between married women’s autonomy and risk of marital violence remains mixed. Moreover, studies examining the contribution of specific aspects of women’s autonomy in...
by | On 26 Mar 2015 The January 2015 issue of IMI Konnect (Volume 4, Issue 1) contains the following articles - Does Monetary Policy Limit Lending Behaviour of Banks? by Samaresh Bardhan; Entrepreneurship Education in In...
by IMI Konnect | On 24 Mar 2015 The study discusses complementary initiatives in terms of legal and regulatory reforms necessary to sustainably support market-oriented financing options. Given market orientation, the paper is comple...
by | On 24 Mar 2015 The March 2015 issue of IMI Konnect contains the following articles - “Perceptions on Financial Inclusion”, by Basabi Bhattacharya; “Does Innovation Lie in the Eyes of the Beholder?”, by Devjani Chatt...
by IMI Konnect | On 23 Mar 2015 India has made notable progress in achieving poverty reduction and other Millennium Development Goals (MDGs) since their adoption at the turn of the century but this progress has been uneven and milli...
by United Nations Economic and Social Commission (UNESCAP) | On 19 Mar 2015 his country brief highlights how ADB operations have helped support Bhutan’s efforts in advancing socioeconomic development.
Since Bhutan became a member in 1982, ADB has provided $486.29 million i...
by Asian Development Bank Institute | On 17 Mar 2015 The paper provides the Sri Lankan perspective of the Free Trade Agreement (FTA) highlighting both the positive outcomes and the negative aspects. The paper shows that the FTA has worked in favor of Sr...
by Saman Kelegama | On 16 Mar 2015 This paper attempts to study financial access of unorganized manufacturing enterprises in India given their importance to the economy and the fact that finance has been the main constraint on their gr...
by T.A. Bhavani | On 12 Mar 2015 The paper intends to revisit this argument, particularly in the light of the change in deficits and surpluses in the world economy. The paper tries to trace the genesis of BWII to the debates which or...
by Krishnakumar S | On 10 Mar 2015 Expanding women’s access to the labour market and enhancing their employability, apart from all its other impact, contributes to the GDP substantially. It is important to generate creative partnership...
by G.D Bino Paul | On 10 Mar 2015 In the recent decade, India has made significant strides in the financial sector. Some of the important developments are strengthening of banks, de-regulation of interest rates and sector competition...
by Ministry of Finance | On 19 Feb 2015 India is a large user of financial services, by virtue of a large and growing GDP and a high rate of investment and savings. At present, India is con- suming financial services produced onshore as wel...
by Ministry of Finance | On 19 Feb 2015 An outcome report of IMF-World Bank meetings held in October 2014, this report highlights the stark inequalities in human development in South Asia. Based on parameters such as monetary indicators, he...
by Martin Rama | On 17 Feb 2015 With no financial capacity to save and invest, a dismal record of use of bank accounts and the severe lack of trust in the current model of using business correspondents, it is extremely difficult to...
by | On 16 Feb 2015 This paper attempts to study financial access of unorganized manufacturing enterprises in India given their importance to the economy and the fact that finance has been the main constraint on their gr...
by T.A. Bhavani | On 09 Feb 2015 This note presents an analysis of Parliament’s role of financial oversight and examines how to strengthen it. It highlights gaps and solutions to improve the existing structures affecting budgetary an...
by Apoorva Shankar | On 30 Jan 2015 The paper mainly discusses the issues and policies relating to inequality in Southeast Asia. Policies to reduce inequality include more efficient fiscal policies, improve infrastructure and generating...
by Josef Yap | On 29 Jan 2015 In order to improve the survival and welfare of girls and to reverse the distorted sex ratio at birth, both the national and state governments have launched special financial incentive schemes for gir...
by T.V Sekher | On 23 Jan 2015 This article applies complex evolving systems theory to investigating the governance factors affecting rebuilding in the wake of the 2004 tsunami in Sri Lanka. It also examines the crucial processes o...
by | On 13 Jan 2015 The food, fuel, and financial crises that started in 2008 reverberated throughout the global economy, causing job losses; poverty; and economic, financial, and political upheaval in countries all...
by | On 13 Jan 2015 Jharkhand Assembly elections 2009 were held in five phases from November 16, 2009 to December 13,
2009. This report includes the analysis of voting trends, criminalization, money power, gender etc in...
by Association for Democratic Reforms ADR | On 05 Nov 2014 Fertilizer, which is an important production input, holds a significant
share in total cost of production for some crops. Based on the available
fertilizer price data, it can be observed that pr...
by Ivory Myka R. Galang | On 30 Oct 2014 In this book, Arvind Subramanian presents the following possibilities: What if, contrary to common belief, China's economic dominance is a present-day reality rather than a faraway possibility? What i...
by Arvind Subramanian | On 20 Oct 2014 The present speech analyses the significant role which can be played by the financial sector in spurring growth and expanding financial inclusion in NER. [CII Banking Collagium in Kolkata].
by P. Vijaya Bhaskar | On 13 Oct 2014 RBI has taken several steps to improve the processing of data. Information system will also be enhanced very soon. [Remarks at Reserve Bank of India at the 8th Statistics
Day Conference, Mumbai].
by Deepak Mohanty | On 30 Sep 2014 The inaugural budget of the NDA led government has been a cause of some surprise and disappointment amongst those who were eagerly expecting a new radical dose of neo-liberal reforms. It appeared that...
by Surajit Mazumdar | On 22 Sep 2014 Singapore has passed legislation to hold actors accountable for fires causing transboundary haze. This demonstrates a new level of proactivity from a haze-affected state, and reveals both Singaporean...
by Jackson Ewing | On 18 Sep 2014 South and Southeast Asian economic integration via increased trade flows has been increasing significantly over the past 2 decades, but the level of trade continues to be relatively low. This under pe...
by Ganeshan Wignaraja | On 22 Aug 2014 From 2003, the Indian economy enjoyed a boom in growth coupled with moderate inflation for five years. The economy grew at a rate close to 9 percent per year, until it was punctured by the global fina...
by Pankaj Kumar | On 19 Aug 2014 One of the greatest dangers to the growth of developing countries is the middle income trap, where crony capitalism creates oligarchies that slow down growth. If the debate during the elections is any...
by Raghuram G. Rajan | On 13 Aug 2014 Integrated Health and Microfinance in India: The Way Forward is a follow-up report that highlights the context of integration of health and microfinance in light of India’s journey towards universal h...
by Somen Saha | On 11 Aug 2014 The FRBM Act was reflective of the shared commitment across political parties towards fiscal conservatism. A decade later, the picture, as reflected in the Union Budget, is yet to change for the bette...
by Surajit Mazumdar | On 07 Aug 2014 This paper presents the findings of a study concerning educational policies related to science education and diversity in India which is a geographically and socio-politically diverse country. If the...
by Sugra Chunawala | On 28 Jul 2014 The paper reviews the calculation of Indian wholesale and consumer price indices and suggests improvements in the light of past experience and international best practices. It confirms that food infla...
by Kirti Gupta | On 22 Jul 2014 In 2014-15, the Indian economy is poised to overcome the sub-5 per cent growth of gross domestic product (GDP) witnessed over the last two years. The growth slowdown in the last two years was broad ba...
by Planning Commission | On 10 Jul 2014 This study examines the impact of India's Public Distribution System (PDS) on poor households in terms of income gains, reductions in the incidence and severity of poverty, as well as nutritional impr...
by R. Radhakrishna | On 07 Jul 2014 As per census 2011, there are 289.48 lakh women and girls in the state of Gujarat, comprising 47.90 per cent of total population. “Gender Budget 2014-15” shows financial allocations for women in vario...
by Ministry of Finance Government of Gujarat | On 03 Jul 2014 In southern Nepal, rice straw burning in open fields is common practice. This is problematic because biomass burning contributes to smoke, black carbon and greenhouse gases. While some studies have ex...
by Krishna Prasad Pant | On 02 Jun 2014 In collaboration with several respected economists in the UK, this report identifies the issues with economics education today. It is a detailed, evidence-based argument outlining the shortcomings of...
by Post Crash Economic Society | On 30 May 2014 The 2013 Human Development Report, The Rise of the South: Human Progress in a Diverse World looks at the evolving geopolitics of our times, examining emerging issues and trends and also the new actors...
by Khalid Malik | On 06 May 2014 This report aims to assess the gap in demand and supply of finance, highlight the opportunity in serving women
entrepreneurs, and catalogue initiatives taken by financial institutions in access to f...
by International Finance Corporation | On 13 Mar 2014 Speech of Shri Mallikarjun Kharge
introducing the Railway Budget 2014-15.
by Mallikarjun Kharge | On 14 Feb 2014 This paper studies the productivity impact of a contract change. The setting is a tea plantation in
India. The activity in question is tea-plucking, the output from which is measurable and contractib...
by Rajshri Jayaraman | On 24 Jan 2014 The fate and future of Pakistan has been an issue of considerable concern and anxiety not only inside Pakistan but in the world at large and South Asia in particular. The Fund for Peace project on the...
by S.D. Muni | On 22 Jan 2014 The Asian Development Bank (ADB) Sustainability Report has been issued every 2 years since 2007. The current Sustainability Report contains selected performance highlights of ADB’s operations and corp...
by Asian Development Bank Institute | On 20 Jan 2014 This paper examines who contributes and who persists in contributing in a national, voluntary, defined
contributory pension program, where the government provides the incentive of matching contributi...
by Renuka Sane | On 28 Oct 2013 This report synthesises a national study on domestic migration and remittance flows, four migration
corridor studies, and an analysis of the Indian payment system with respect to small money transfe...
by Y S P Thorat | On 22 Oct 2013 The paper reports investigation of a study on the influence of various socio-demographic factors on
different dimensions of financial literacy among the working young in urban India. While the influe...
by Sobhesh Kumar Agarwalla | On 14 Oct 2013 National Food Security Bill (NFSB) aims to make food easily accessible at affordable prices to people. But there are operational and financial difficulties in implementing this.
by Sweety Thomas | On 07 Oct 2013 In the study states’ finances is analysed to see whether all states have been able to create a fiscal space and whether their fiscal capacities have increased over time. Then the states’ spending is l...
by Kim Robin | On 23 Sep 2013 In recent years the role of a sound PFM system to achieve the objectives of fiscal discipline, strategic planning, and improved service delivery has been getting increasing public attention in India....
by Pratap Ranjan Jena | On 12 Sep 2013 Statement by Dr. Raghuram Rajan on taking office on September 4, 2013. [RBI Press release].
by Sabeeta Badkar | On 05 Sep 2013 This Tenth Nani A. Palkhivala Memorial lecture lecture centres around the role and responsibility of a central bank in a democratic structure. Central banks make macroeconomic policy that influences t...
by Duvvuri Subbarao | On 30 Aug 2013 Resolution and conclusions of the 101st Session of the International Labour Conference, Geneva, 2012. [ILO].
by International Labour Organisation ILO | On 16 Aug 2013 Fuel price hikes have always been unpopular in Indonesia, largely because of their wide-ranging impact on the population. Yet, it is undeniable that the current high subsidies are unsustainable. To mo...
by Margareth Sembiring | On 26 Jul 2013 Finance Minister Shri. K. M. Mani has presented the State Budget for the coming financial year 2013-14 in the Kerala Legislative Assembly on 15 March 2013.
This is the eleventh budget by the minister...
by K.M. Mani | On 15 Mar 2013 Asset quality of banks has come under increasing pressure with rising NPAs and Restructured loans. The Gross NPA ratio for the banking system, which was 2.4% in March 2011, increased to 3.6 per cent b...
by Chakrabarty K C | On 07 Mar 2013 Is the Finance Minister going to do a salvage operation? [BS week end ruminations].
by T.N. Ninan | On 27 Feb 2013 Modernization, encouragement to PPP, integration of MGNREGA, has been given importance in the railway budget.
by IRIS India IRIS | On 27 Feb 2013 Budget speech presented by Prasanna Acharya. General Budget is presented.
by Government of Orissa | On 25 Feb 2013 This paper surveys 160 cases where biometric identification has been used for economic, political, and social purposes
in developing countries. About half of these cases have been supported by donors...
by Alan Gelb | On 15 Feb 2013 Recognizing that the domestic violence is a serious social evil; that there is incidence of domestic violence within
Bhutanese Society; that victims of domestic violence are the most vulnerable membe...
by National Assembly of Bhutan | On 11 Feb 2013 The purpose of this paper is to analyze the impact of economic policies on Philippine agricultural incentives from 1960 up to 1992. Apart from economic policies affecting price incentives, cover publi...
by Cristina C. David | On 24 Jan 2013 Following the international financial crisis that started in 2007, market growth and MFI performance started to deteriorate. Over the last decade the market has matured and become more efficient. Is...
by Cédric Lützenkirchen | On 14 Jan 2013 Review of the book Food Security in Asia, by Amitava Mukherjee Sage Publications India 2011
pp. xix+392, Rs 895/-.
by Rudra Narayan Mishra | On 04 Jan 2013 Son preference is widespread in a number of developing countries. Anecdotal evidence
suggests that women may contribute to the persistence of this phenomenon because they
derive substantial long-run...
by Laura Zimmermann | On 19 Nov 2012 This paper focuses on the assessment of energy savings potential in seven highly energy consuming industries. The paper estimates the energy savings potential for each of these industries using unit l...
by Manish Gupta | On 17 Sep 2012 This paper examines the potential gender impacts of the trade
reforms in plantation agriculture in the emerging context of the two
prominent FTAs, viz. the Indo-ASEAN and the proposed EU-India FTA....
by Viswanathan P K | On 14 Sep 2012 The earlier National Youth Policy was formulated in 1988. The socio-economic conditions in the country have since undergone a significant change and have been shaped by wide-ranging technological adva...
by Ministry of Youth and Sports Affairs YAS | On 12 Sep 2012 The report reflects the collective assessment
of the Sub Committee of the Financial Stability and Development Council (FSDC) on potential risks to financial stability. [RBI]. URL:[http://rbidocs.rbi....
by Reserve Bank of India RBI | On 04 Sep 2012 This paper covers recent trends in a series of broad indicators of the financial health of the Government of Kerala with its developmental policy as the backdrop. It examines fiscal balances in Kerala...
by Tapas K. Sen | On 30 Aug 2012 This paper discusses the scope of the many challenges and sets out a long-term strategy for overcoming them and putting the Japanese economy on a stable growth path. [Working Paper No. 376]. URL:[http...
by Masahiro Kawai | On 24 Aug 2012 The objective of this report is to share a market level overview of the early stage progress of (Mobile Financial Services) MFS in Bangladesh up through the first quarter of 2012. A series of short s...
by Bangladesh Bank BB | On 23 Aug 2012 The economic and financial structure of Odisha is highlighted. Various financial inclusion initiatives are taken by the Reserve Bank with a particular reference to Odisha. The macroeconomic policy cha...
by Deepak Mohanty | On 22 Aug 2012 Agriculture’s share in GDP is less than 15 per cent but it still remains the direct domain of over half of the population whose economic prospects are linked to the performance of agriculture. There a...
by Duvvuri Subbarao | On 03 Aug 2012 India is having large population, a fast growing economy with
national focus on inclusive growth and an urgent need to develop a vibrant and
stable financial system, it is all the more necessary to...
by Pranab Mukherjee | On 20 Jul 2012 The cross-country empirical literature on the finance-growth relationship has debated three
propositions: (i) financial deepening has a strong impact on the growth process; (ii) measures
of financia...
by Sabyasachi Kar | On 13 Jul 2012 This Act ensures a prompt and just legal remedy for the victims of domestic violence; facilitate
access to remedies for immediate and effective assistance, shelter homes and protection to the victims...
by National Assembly of Bhutan | On 11 Jul 2012 Evidence is presented to show that shared codes, religious beliefs, ethnicity - cultural proximity - between lenders and borrowers improves the efficiency of credit allocation. In-group preferential t...
by Raymond Fisman | On 05 Jul 2012 Budget of Bhutan 2012-13. URL:[http://www.mof.gov.bt/downloads/BudgetReport2012.pdf].
by Minister of Finance Bhutan | On 04 Jul 2012 Pension assets have seen rapid growth world-wide over the past decades, although they suffered large losses during the global financial crisis of 2007–2008. Such growth is notably due to both structur...
by Yuwei Hu | On 02 Jul 2012 This paper analyzes income related inequality in financial inclusion in India using a
representative household level survey data, linked to State-level factors. This paper also provides estimates of...
by Rama Pal | On 27 Jun 2012 A comprehense documentation - using
both annual and quarterly data - an exhaustive set of stylized facts for the
Indian business cycle in the pre and post reform period, the data is used to
report...
by Chetan Ghate | On 19 Jun 2012 Recent events in India have brought a fresh focus on the appropriate regulatory stance towards micro-finance. In this paper, facts and recent experience about
Indian microfinance is reviewed. The puz...
by Renuka Sane | On 19 Jun 2012 The paper reviews the economic growth and productivity dynamics of Philippine economy in the past fifty years. The paper also provides an estimation of determinants of total factor productivity and la...
by Gilberto M Llanto | On 29 May 2012 This paper analyses the behaviour of the Japanese banks at the outset of the asset price bubble in the late 1980s. The paper argues that with the advent of financial deregulations, the declining trend...
by Hossain Monzur | On 29 May 2012 The paper investigates the profitability of 78 Islamic banks in 25 countries for the period of 1992-2009. The Fixed Effect Model (FEM) used to analyse profitability shows that profit efficiency is pos...
by NOR HAYATI BT AHMAD | On 24 May 2012 The objective of this paper is to place in the public domain various facets and dimensions of black money
and its complex relationship with the policy and administrative regime in the country. The pa...
by Ministry of Finance | On 22 May 2012 The paper undertakes an examination of the experience of developing countries with dispute settlement vis-à-vis developed countries during the 17 years since the entry into force of the WTO Agreement....
by Anwarul Hoda | On 08 May 2012 Th is study, which is supported by the ministries of fi nance and
the central banks of the BRICS, focuses on synergies and complementarities
between the economies, highlighting their role as growth
...
by Ministry of Finance | On 18 Apr 2012 Speech by Amit Mitra, Minister of Finance. [Government of West Bengal]. URL:[http://www.wbfin.nic.in/writereaddata/Budget_Speech/2012_English.pdf].
by West Bengal Government | On 13 Apr 2012 The Financial Crisis of 2007-2008 and the Great Recession of 2007-2009 are now in the past. Again there was the debt crisis of 2010-11. During the worst of the recent financial crisis/Great Recession...
by Michael D Bordo | On 13 Apr 2012 Using data of non-financial listed firms over a period of 1999-2010, this paper investigates the effectiveness of balance sheet channel in monetary transmission mechanism in Pakistan. By classifying f...
by Safia Shabbir | On 09 Apr 2012 China–India association in the BRICS bloc of countries is an example of multilateralism at its height. For China, the BRICS
group holds a strategic significance as it is targeted towards the Western...
by Jagannath P Panda | On 04 Apr 2012 Budget speech by Ministry of Finance, Goa. [Budget Speech]. URL:[http://www.goa.gov.in/pdf/Speech12-13.pdf].
by Goa Government | On 28 Mar 2012 Budget Speech by Shri Prafulla Chandra Ghadai. [Government of Odisha]. URL:[http://www.orissa.gov.in/finance/Budgets/2012-13/BUDGET%20SPEECH%20ENGLISH.pdf].
by Government of Orissa | On 27 Mar 2012 A
bill
further to amend the Hindu Marriage Act, 1955 and the Special Marriage Act, 1954. [PRS]. URL:[http://www.prsindia.org/uploads/media/Marriage%20Laws/Marriage%20Laws%20Bill%202010.pdf].
by Parliamentary Research Service PRS | On 26 Mar 2012 Budget speech by the Finance Minister of Bhutan. [Budget Speech]. URL:[http://www.mof.gov.bt/downloads/Budgetreport2012.pdf].
by Minister of Finance Bhutan | On 22 Mar 2012 Budget presented to Municipal Commissioner. . [BMC Annual Reports]. URL:[http://www.mcgm.gov.in/irj/go/km/docs/documents/MCGM%20Department%20List/Chief%20Accountant%20(Finance)/Budget/Complete%20Engli...
by Municipal Commissioner BMC | On 22 Mar 2012 This brief uses Government reported data to analyse Sarva Shiksha Ahiyan performance along the following parameters: a) Overall trends in allocation and expenditures, b) Expenditure performance across...
by Accountability Initiative | On 16 Mar 2012 BUDGET SPEECH 2011-2012 by
DR. ABDUL HAFEEZ SHAIKH, Minister for Finance, Revenue, Economic Affairs, Statistics and
Planning & Development.
by Minister of Finance Pakistan | On 12 Mar 2012 Time is an important economic resource that can be spent in a variety of
ways. Diverse demands on a person’s time may reach a point where the
individual may be categorized as time poor. Time poverty...
by Najam us Saqib | On 09 Mar 2012 This paper assesses how the economic support provided by parents to young adults as they
complete their education and enter the labor market is related to the family’s socioeconomic
circumstances. W...
by Deborah Cobb clark | On 07 Mar 2012 In the last ten years, economic issues related to currency policy have become the major ongoing
dispute between China and the U.S. Especially the U.S. Congress is stridently demanding
a tougher poli...
by Nicola Nymalm | On 01 Mar 2012 National Food Authority's (NFA) twin
mandate of price
stabilization and food
security has cost the
government billions of
pesos in losses over the
past few decades. As
such, there is a need to
...
by Senate Economic Planning Office SEPO | On 28 Feb 2012 The main objective of the study is to investigate whether there is any evidence to support the
view that the disbursement of micro finance to women reduces the incidence of domestic
violence, and if...
by Institute of Social Studies Trust ISST | On 23 Feb 2012 The increasing occurrence of national, regional, and global financial crises, together with their rising costs and complexity, have increased calls for greater regional and global monetary cooperation...
by Mario Lamberte | On 21 Feb 2012 This paper argues that the collective action in Asia by its regional organizations has historically
suffered from a “capability–legitimacy gap”: a disjuncture between the capability (in terms of
mat...
by Amitav Acharya | On 17 Feb 2012 Standard errors (S.Es.) of month on month and year on year inflation in Pakistan are estimated
based on data for the period of July 2001 to June 2010 using stochastic approach as well as
extended s...
by Javed Iqbal | On 15 Feb 2012 Saving is an important part of the economic process that gives rise to investment and
economic growth. In this paper an attempt is made to explore the relationship between saving
and investment in t...
by Sanjib Bordoloi | On 14 Feb 2012 This study is an attempt to assess the importance and potential impact of any further
development of the credit cooperative sector; identify development interventions that will result in a strong Fil...
by Gilberto M Llanto | On 13 Feb 2012 This study investigates the relationship between saving, investment and economic growth
for India over the period 1950-51 to 2007-08. The literature on the role of saving in promoting
economic growt...
by Ramesh Jangili | On 09 Feb 2012 The aim of this paper is to compare the technical efficiency of Indian Banks operating
abroad and foreign banks operating in India and to investigate the effect of openness of the
country, ownership...
by Vivek Kumar | On 08 Feb 2012 This paper investigates the role of credit market frictions in the transmission of monetary shocks in Pakistan. First, using macro data, it is shown that banking spreads are countercyclical, even it i...
by M. Ali Choudhary | On 08 Feb 2012 The sovereign debt problems in the peripheral economies of the euro zone has started to pose a serious threat to the main economies of the Europe and perhaps to the future of the 'euro‘ itself. Such a...
by M R Anand | On 06 Feb 2012 What is the role of financial regulation in the field of micro- finance?
This paper identifi es two features of micro- finance which call for unique
treatment in policy considerations as compared...
by M Sahoo | On 03 Feb 2012 Stability results for an open economy DSGE adapted to an emerging market (SOEME) with a dualistic
structure have the same structure as in the original model, but those derived for the simulated versi...
by Ashima Goyal | On 02 Feb 2012 A large number of studies in Nepal have been conducted to identify the factors responsible for
inflation based on the different theories of inflation. Although these studies provide insight
into the...
by Nepal Rastra Bank Research Department NRB | On 02 Feb 2012 This paper explains the gaps between official objectives and the actual accomplishments of the Aquino government, with an emphasis on the implementation record of agricultural-based strategies. Summar...
by V. Bruce J Tolentino | On 30 Jan 2012 This policy review is set in the
context of a highly uncertain global
environment and a delicately poised
domestic balance between growth
and inflation. It should be read and
understood together...
by Duvvuri Subbarao | On 25 Jan 2012 The Growth outlook has weakened as
a result of adverse global and domestic factors
that have been mentioned above. Business
and consumer confidence has been impacted.
Professional forecasters now...
by Reserve Bank of India RBI | On 25 Jan 2012 This paper explores the relationship between inflation and relative price variability (RPV) by using disaggregated CPI data for Pakistan. Three methods have been used to assess the functional form and...
by Muhammad Akmal | On 25 Jan 2012 The release of many high-profile political prisoners by Myanmar’s government has been applauded by the international community. Many obstacles to reform still exist, but they are not the usual suspect...
by Kyaw San Wai | On 24 Jan 2012 This paper assesses the sources of risk for Indian banks in the context of their history, structure, level of development, and policy environment and draws out implications for global and domestic pol...
by Ashima Goyal | On 18 Jan 2012 The current global financial crisis has reopened an old debate on the international monetary system by baring weaknesses and flaws that have long been known. The debate is centred on both stability an...
by Alok Sheel | On 10 Jan 2012 This paper studies the leadlag
pattern in the interaction between credit and growth cycles of India at three
levels i.e. at the aggregate level for annual GDP growth, at the sectoral level
across a...
by Krittika Banerjee | On 06 Jan 2012 The recent global financial crisis (2007-09) has clearly highlighted the gravity of high financial inter-connectedness within the financial system. In the Indian context, this brief study attempts to...
by Karunagaran A | On 05 Jan 2012 This paper establishes an empirical relationship between industry -specific
foreign direct investment (FDI) and output under the framework of Granger
causality and panel cointegration for Pakistan o...
by Muhammad Arshad Khan | On 03 Jan 2012 This Policy Brief discusses the proposed amendments to Republic Act No. 7653 (RA 7653). The
first part briefly presents the mandate of the Bangko Sentral ng Pilipinas (BSP). It then describes the
fi...
by Senate Economic Planning Office SEPO | On 29 Dec 2011 The services sector has provided steady support to Pakistan’s economic
growth. It share in GDP now stands a more than 50 percent. The paper analyses
its continuation in the growth of the economy in...
by Ayaz Ahmed | On 29 Dec 2011 The Reserve Bank has stepped up its efforts in recent years to enhance the penetration of the formal financial sector and promote financial inclusion with a view to improving the well-being of our soc...
by Deepak Mohanty | On 26 Dec 2011 One of the methods of measuring the effectiveness of monetary policies is via inspection of
monetary neutrality in the economy. It is a concept from classical economics and it suggests that
changes...
by Mukesh Khanal | On 16 Dec 2011 Possible scenarios for China and the world economy until
2015 is looked at. In all of them, China will continue to accumulate FX reserves, so that
reserve assets will remain the largest component of...
by Catherine Shu Ling Tan | On 08 Dec 2011 Financial distribution, where the distributor is the agent of both the product provider and the customer,
has been found to inherently work against the interests of customers, in the form of high ser...
by M Sahoo | On 08 Dec 2011 How does informality in emerging economies affect the conduct of monetary and
fiscal policy? To answer this question two-sector, formal-informal new
Keynesian closed-economy is constructed. The inf...
by Nicoletta Batini | On 02 Dec 2011 The objective of this policy is to ensure safe, affordable, quick, comfortable, reliable
and sustainable access for the growing number of city residents to jobs, education, recreation
and such other...
by Ministry of Urban Development GOI | On 30 Nov 2011 The purpose of this paper is to analyze the making of markets. The paper identifies two
ideal-typical processes in which markets are made – organized making and spontaneous
making – which are often...
by Patrik Aspers | On 29 Nov 2011 A closed model DSGE model of the Indian economy is developed and it is estimated
by Bayesian Maximum Likelihood methods using Dynare. A model is build up in stages to
with a number of features impo...
by Vasco Gabriel | On 28 Nov 2011 This paper reviews the literature on the informal economy, focusing first on empirical
findings and then on existing approaches to modelling informality within both
partial and general equilibrium e...
by Nicoletta Batini | On 24 Nov 2011 The trends in food
inflation over the past 60 years are given. Having thus set the context, the factors
driving structural food inflation, which should give us a perspective of the
underlying dynam...
by Duvvuri Subbarao | On 24 Nov 2011 With deep crisis weakening potential output growth, the need for an
explicit growth policy is emerging most starkly in Japan, the EU and
the US. If properly shaped, this will help to consolidate bud...
by Klaus Deutsch | On 21 Nov 2011 The Impossible Trinity doctrine still holds a powerful sway over policymakers, advisors
(particularly the International Monetary Fund [IMF]) and academia. In East Asia over the past
decade, however,...
by Stephen Grenville | On 15 Nov 2011 This paper discusses Asia’s infrastructure needs and its
corresponding financing needs and challenges. It proposes ways to address financing gaps by identifying potential
financing sources and instr...
by Biswa Nath Bhattacharyay | On 09 Nov 2011 The paper scrutinizes the functioning of the G20 and its role in increasing coordination. and cooperation between Asian countries. It highlights divergent
agendas amongst the A6 as regards the future...
by Hugo Dobson | On 09 Nov 2011 The 1% rich and powerful have found the Occupy Wall Street movement unsettling and have also made attempts at curbing its influence and outreach. It is now possible for stock-traders in international...
by Bhalchandra Kango | On 08 Nov 2011 As markets deepen and interest elasticities increase it is optimal for emerging markets to shift towards
an interest rate instrument since continuing monetization of the economy implies money demand...
by Ashima Goyal | On 04 Nov 2011 Goa is celebrating the Golden Jubilee Year of its Liberation. The recent economic achievements of the state are highlighted. The economic and financial structure of the state as well as the various fi...
by Deepak Mohanty | On 04 Nov 2011 In support of the financial-accelerator theory, evidence is found on countercyclical price-cost
banking margins possibly explaining the amplifications of business cycles in Pakistan. [WP 41]. URL:[ht...
by Shah Hussein | On 03 Nov 2011 This paper analyzes the impacts of the 11 March 2011 earthquake and tsunami at the Fukushima nuclear power plant in Japan, which were amplified by a failure of coordination across the plant, corporate...
by Masahiko Aoki | On 03 Nov 2011 In an earlier paper (Alagh, Munish, 2011) it was shown that macro economics matters in
agriculture. The relevance of understanding the impact of macro-economic policy on
agriculture was outlined. A...
by Munish Alagh | On 24 Oct 2011 The efficiency of urban water supply in 27 Indian cities are analyzed using data
envelopment analysis (DEA). Cities are grouped by the management structure of
their water utilities. Utilities with g...
by Shreekant Gupta | On 24 Oct 2011 When India purchased 200 tonnes of gold under the International Monetary
Fund's limited gold sales programme, it was interpreted inter alia that it may further
inflate the gold price when the price...
by Karunagaran A | On 17 Oct 2011 This study analyses the behaviour of monetary and fiscal policies
interaction in India using quarterly data for 2000Q2 to 2010Q1. It finds that,
even after the elimination of automatic monetisation...
by Janak Raj | On 11 Oct 2011 Over the last decade, the profile of central banks has gone up. First, we had the Great Moderation - a period of extraordinary benign macroeconomic environment globally, characterized by steady growth...
by Duvvuri Subbarao | On 27 Sep 2011 Among the major challenges currently faced by humanity are food
security and climate change. Agriculture plays a significant role in
both. Adapting to climate change is expected to be an increasing
...
by Claire Schaffnit Chatterjee | On 26 Sep 2011 Expenditure Management is critical to effective public service delivery, especially at the local
government level. Leveraging on information systems to aid in expenditure management is viewed as an
...
by Sandeep M S | On 20 Sep 2011 An SIIO paradigm, based on structure and ideas that become engraved in institutions and affect
outcomes, is developed to examine and assesses monetary policy in India after independence. Narrative
h...
by Ashima Goyal | On 16 Sep 2011 This paper maps out a strategy for banking sector reforms over the next decade. It is formulated by the State Bank of Pakistan (SBP) and is centered on reforms involving the SBP. But the Banking Secto...
by State Bank of Pakistan SBP | On 15 Sep 2011 With a view to increasing the coverage of banking services amongst local communities, it was proposed in the Annual Policy Statement for the year 2010-11 to set up a Committee comprising of all stakeh...
by Reserve Bank of India RBI | On 15 Sep 2011 China’s expected growth slowdown - from 10.3 per cent yoy in 2010 to 8.9 per cent this year and 8.3 per cent in 2012 - will impact the global economy. An in-depth look at how important China really is...
by Steffen Dyck | On 09 Sep 2011 Substantial international aid is spent reducing the cost of contraception in
developing countries, as part of a larger effort to reduce global fertility and
increase investment per child worldwide....
by Christopher McKelvey | On 09 Sep 2011 Poor returns to cultivation and absence of non-farm opportunities are indicative of the larger
socio-economic malaise in rural India. This is accentuated by the multiple risks that the
farmer faces...
by Srijit Mishra | On 23 Aug 2011 The contribution of technology to the Indian banking industry, the role played by IDRBT and the significance of banking technology awards, in fostering the technological developments of banks. Issues...
by Anand Sinha | On 23 Aug 2011 This paper draws on the experiences of
the Far East Economic Crisis in 1998 and argues that: (1) the poor depended heavily
on bonding social capital during the Crisis, but the crunch-point beyond wh...
by Sam Wong | On 22 Aug 2011 In this study the analytical framework for identifying and benchmarking systemically important financial institutions is discussed. First, the main concepts underlying the SIFI definition are laid out...
by Christian Weistroffer | On 12 Aug 2011 This study attempts to identity the major determinants of bond market development in Asian economies, through examining its relationship with selected key financial and economic factors, and to provid...
by Biswa Nath Bhattacharyay | On 10 Aug 2011 As per UNSNA recommendations, valuables as a separate item had been introduced in the
expenditure side of GDP. Since India is one of largest importer and user of gold for various purposes,
this trea...
by Rakesh Kumar | On 04 Aug 2011 The study seeks to examine the extent of financial inclusion in West Bengal. It is observed from
the study that although there has been an improvement in outreach activity in the banking sector,
the...
by Sadhan Kumar Chattopadhyay | On 03 Aug 2011 This paper reviews India.s low-carbon high growth inclusive
policy initiatives, comments on their financial sustainability and
environmental sustainability and suggests desirable changes. The focus...
by U. Sankar | On 29 Jul 2011 The importance of academia- industry linkages for development of an economy is well
recognized. With a view to make the higher technical education relevant, by forging and
catalyzing functional link...
by Jancy Ayyaswamy | On 26 Jul 2011 The ever-growing number of preferential trade agreements (PTAs) is a prominent feature of international trade. The World Trade Report 2011 describes the historical development of PTAs and the current...
by World Trade Organisation WTO | On 22 Jul 2011 This study investigates the impact of global crisis shocks on India’s trade and industry. Both panel data modeling and vector autoregression techniques are used to understand the dynamic effects of gl...
by Prabir De | On 22 Jul 2011 This paper analyses the impact of domestic and external shocks on the Indian economy.
A macro-modelling framework is developed that evaluates the impact of two
domestic shocks (rainfall shortfall an...
by B B Bhattacharya | On 15 Jul 2011 A brief description of the role of Mutual Funds in money markets and government securities makets are provided. Some of the regulatory issues that arise are discussed. The role of Mutual Funds in fina...
by Subir Gokarn | On 08 Jul 2011 Why do many households remain exposed to large exogenous sources of non-systematic
income risk? Why don’t financial markets develop to pool these risks? This paper uses a
series of randomized field...
by Shawn Cole | On 06 Jul 2011 The Fisher's equation has become a foundation stone of
modern macroeconomic, monetary and financial theories. Here it is shown that despite the estabilished status of Fisher's equation, it stands on...
by Rajas Parchure | On 04 Jul 2011 Managing capital flows is the key policy challenge for emerging economies like India in the aftermath of the crisis. In contrast to other emerging markets who are levying capital controls, India‘s mac...
by R. Kohli | On 04 Jul 2011 How much more taxes would it be possible for Panchayats in Kerala to collect? This
question is important in deciding the financial allocations to such local governments.
Information regarding this m...
by Centre for Development Studies | On 17 Jun 2011 Reserve Bank of India (RBI) has been using macroprudential polices, more notably the countercyclical policies, since 2004 as a toolkit for ensuring financial stability though it had used them sporadic...
by Anand Sinha | On 16 Jun 2011 The article is a report of RBI Minister Duvvuri Subbarao on issuesing concerning the G-20 countries and also issues effecting all the countries collectively.
by Duvvuri Subbarao | On 13 Jun 2011 Following the financial crisis that broke in the US and other Western economies in late
2008, there is now serious concern about its impact on the developing countries. The
world media almost daily...
by Wim Naudé | On 13 Jun 2011 Though the decade-long decentralization in Kerala has made
remarkable achievements in terms of consistent devolution of
financial resources, and improvement in the implementation of
poverty eradica...
by Centre for Womens Development Studies | On 10 Jun 2011 The
importance of non-financial reporting in the overall assessment of a company's
performance, its risk-return trade off is steadily gaining ground, both globally and in
India. [Address by Dr K. C...
by Chakrabarty K C | On 10 Jun 2011 The G20 has assumed a leading role in responding to the current financial crisis and reforming the international financial system. The G20 has emerged as the premier forum for the discussion of these...
by National Council of Applied Economic Research | On 08 Jun 2011 Vietnam has been among the most successful East Asian economies, especially in
weathering the external shocks of recent globalization crises—the 1997-98 Asian
financial crisis and the 2008-09 great...
by Philip Abbott | On 02 Jun 2011 A closer look at the developments in 35 cities across
China, looking for potential regional real estate bubbles. An assessment is done about the success of the various policies and
their potential n...
by Ulrich Clemens | On 02 Jun 2011 The recent financial crisis has rekindled interest in the foreign aid supply behaviour of
bilateral donors. Using the latest data covering the period 1960-2009, this paper
examines how such behaviou...
by Sam Jones | On 01 Jun 2011 Hong Kong has had a linked exchange rate regime of one kind or another
for most of its history as a trading and financial centre.
In 1863 the Hong Kong Government declared the silver dollar – then a...
by Hong Kong Monetary Authority | On 27 May 2011 The Indian economy was in the mode of globalization and liberalization. But global
financial melt down and consequent economic recession in developed economies have clearly
been a major factor in...
by Ministry of Labour and Employment | On 24 May 2011 Impact of changes in policy rate of interest on demand for bank credit is examined for seven emerging market economies including India for the period 2002 to 2010. Panel data techniques are used after...
by B L Pandit | On 24 May 2011 This paper argues four theses and outlines an action plan.
1. The Global Financial Collapse has created a climate among the intelligentsia -
that strongly supports fundamental changes in economi...
by Edward Fullbrook | On 17 May 2011 In this paper it has been illustrated that emerging markets (EMs) face a shortage of financial assets, with financial assets not growing as rapidly as domestic savings. Then the asset shortage in EMs...
by Chen Jiaqian | On 17 May 2011 The limited supply of government securities in some industrial countries has important ramifications for the operating techniques used by central banks to implement monetary policy, provide credit to...
by Mark Zelmer | On 16 May 2011 Microfinance programmes are known for their potential to generate income and employment and alleviate poverty in developing countries. They are considered for an important approach to poverty alleviat...
by National Council of Applied Economic Research | On 13 May 2011 In this paper the authors first develop a two-bloc model of an emerging open economy interacting with
the rest of the world calibrated using Indian and US data. The model features a
fina...
by Nicoletta Batini | On 11 May 2011 What is the best inflation measure in India? What inflation measure is most relevant for monetary policy making in India? Questions
of timeliness, weights in the price index, accuracy of food price m...
by Ila Patnaik | On 06 May 2011 This paper illustrates that the legal structure of mortgage credit, in particular, its status in
terms of recourse in foreclosure, can lead not only to the familiar problem of adverse selection
...
by Kaushik Basu | On 05 May 2011 This Statement sets out the Reserve Bank’s assessment of the current macroeconomic situation and projections. URL:[http://rbidocs.rbi.org.in/rdocs/notification/PDFs/APS030511F.pdf].
by Duvvuri Subbarao | On 03 May 2011 The paper is an attempt to deal with pros and cons of deregulating savings deposit interest rate and take on board the suggestions of various stakeholders for either maintaining the status quo or dere...
by Reserve Bank of India RBI | On 02 May 2011 In this paper, four categories of existing resource-mobilization options are examined, including
(1) transportation levies; (2) currency and financial transaction taxes; (3) capitalization of IMF
S...
by Nancy Birdsall | On 21 Apr 2011 In 2010 and 2011, there has been a fresh wave of interest in cap-
ital controls. India is one of the few large countries with a complex
system of capital controls, and hence others an opportunity to...
by Ila Patnaik | On 21 Apr 2011 Budget Speech of the Finance Minister. URL: [http://admis.hp.nic.in/budget/Aspx/Anonymous/pdf/FS_Eng_2011.pdf]
by Himachal Pradesh Government of India | On 20 Apr 2011 There have been significant developments in the global economy since we met in the fall of 2010. The IMF too has moved on several fronts under its mandate which has strengthened its position in a chan...
by Duvvuri Subbarao | On 20 Apr 2011 This paper, tries to put the
current Unique Identity Project (UID) project of India into a perspective to evaluate the set of issues and
concerns, as pointed by various stakeholders and try to under...
by Rajanish Dass | On 19 Apr 2011 This paper attempts to address both theoretical and practical considerations for a tax such as financial transactions taxes (FTT). It includes examples of FTT in the wider context, for example, on sto...
by Parthasarathi Shome | On 18 Apr 2011 Recent events in India have brought a fresh focus upon the problem
of regulation in the field of micro-finance. This paper delineates the
three distinct aspects where government needs to play a role...
by Renuka Sane | On 13 Apr 2011 This paper presents the annual budget of the Goa Government containing the Annual Financial Statement. URL: [https://www.goa.gov.in/portalweb/login/budget_2011-12/speech.pdf]
by Goa Government | On 06 Apr 2011 This paper presents a Solution Approach for Integrated Financial and
Human Resource Management Systems for Government of Haryana. URL: [http://www.haryana.gov.in/misc/RFP_eGov_Consultant_IFMS_and_HRM...
by Government of Haryana | On 30 Mar 2011 The article addresses one of the most important policy questions: what
role do emerging stock markets play in influencing real decisions such as
corporate private investment? In this article we pres...
by Saumitra N Bhaduri | On 18 Mar 2011 A very basic and core issue for the Indian banking system and that is the challenge of achieving Financial Inclusion. Without being inclusive, financial and economic stability cannot be sustainable. F...
by Chakrabarty K C | On 17 Mar 2011 Budget speech by Finance minister. URL:[http://punjabgovt.nic.in/departments/Budget/budget/budget.htm].
by Government of Punjab | On 16 Mar 2011 The paper presents a switching regression model of investment decision,
where the probability of a firm facing financial constraint is endogenously
determined. The approach, therefore, obviates the...
by Saumitra N Bhaduri | On 11 Mar 2011 Although the Asian Crisis has brought consensus on the necessity of
strong domestic financial systems, there is less agreement as to the role of
foreign banks in achieving the goals of economic grow...
by Heather Montgomery | On 10 Mar 2011 The
budgetary policy of the Government has a major
role to play in achieving objectives of gender
equality and growth through content and
direction of Fiscal and Monetary Policies,
measures for r...
by Government of India Ministry of Women and Child Development | On 08 Mar 2011 Budget speech 2011-2012 by Pranab Mukherjee.
by Pranab Mukherjee | On 01 Mar 2011 State of the Economy and prospects. URL:[http://www.indiabudget.nic.in/es2010-11/echap-01.pdf].
by Ministry of Finance | On 28 Feb 2011 All proposals and policy measures in the forthcoming Budget may best be summed up as efforts to improve the sustainability of growth. Specific objectives are likely to be lowering inflation and defici...
by IRIS India IRIS | On 22 Feb 2011 The paper analysed the financial performance of foreign banks in comparison with other bank
groups in India. The study assumes importance in the context of the on-going preparation
of roadmap for th...
by P B Rakhe | On 22 Feb 2011 Sharp increase in house prices combined with the extraordinary lending growth in
Mainland China during 2009 has led to concerns of an emerging real estate bubble. We find that, for China as a whole...
by Ashvin Ahuja | On 19 Feb 2011 Nine preliminary lessons from the Great Recession for monetary and financial policies are presented. [3rd P. R. Brahmananda Memorial Lecture].
by Stanley Fischer | On 18 Feb 2011 In the context of the low levels of regional cooperation among South Asian countries
when compared with the successful results from cooperation in East Asia (consisting of
South East and East Asian...
by Ramesh Chandra | On 18 Feb 2011 The world over, the financial sector is faced with adjustment problems of facing up to rapid changes in the environment. The Indian financial system cannot be immune to this universal phenomenon. What...
by S.S. Tarapore | On 16 Feb 2011 Ten years have passed since the Asian financial crisis that
devastated not only the currency values and the financial
systems of Indonesia, the Republic of Korea, Malaysia, and
Thailand, but also t...
by Masahiro Kawai | On 16 Feb 2011 Based on the recent experience of several Asian developing countries and interviews in Vietnam, Indonesia and Laos with aid practitioners from donor institutions and Non Government Organizations (NGOs...
by Caroline Brassard | On 10 Feb 2011 This policy brief examines hedge funds, private equity funds, and innovative financial products, particularly collateralized debt obligations and asset-backed securities, including their overall struc...
by Peter Morgan | On 08 Feb 2011 This paper is an attempt to gauge the relationship between the long run paths of consumer
price index and wholesale price index of Pakistan. For the empirical analysis the Johansen cointegration
tec...
by Nasir Hamid Rao | On 07 Feb 2011 The purpose of this policy brief is to draw lessons from the
recent and ongoing macroeconomic policy experience of Asia’s
economies. To do so, in each of three policy areas (monetary,
fiscal, and e...
by Shinji Takagi | On 04 Feb 2011 The key features of Indian finance is summarised. With
a growing savings rate and a growing share of private corporate capital forma-
tion, and with a high growth rate of GDP, Indian finance is rapi...
by Ajay Shah | On 03 Feb 2011 Since a crisis is a shock impinging on a system, the response can be used to deduce aspects of the
system’s structure. Analysis of the crisis and recovery suggests aggregate supply in India is elasti...
by Ashima Goyal | On 01 Feb 2011 This statement sets out the Reserve Bank’s assessment of the current
macroeconomic situation and forward projections.
by D Subbarao | On 31 Jan 2011 The objective of the study is to examine the impact of rising food prices and financial crisis on the
impact of women and children in India. It identifies the pathways for dealing with the effects of...
by S. Mahendra Dev | On 31 Jan 2011 The exchange rate-based monetary policy followed by the Monetary Authority of Singapore (MAS) is outlined. Possible theoretical frameworks, including a reaction function is outlined. The way the MAS h...
by Partha Sen | On 31 Jan 2011 This is a analysis of relationship between the Central Bank of Sir Lanka and the Sri lankan Government. It views the relationship in context of emerging economic environment and global economy.
by P. B. Jauasundera | On 30 Jan 2011 This discussion paper on the form of presence of foreign banks in
India has been prepared taking into account, inter-alia, the lessons learnt from
the recent global financial crisis and the practice...
by Reserve Bank of India | On 26 Jan 2011 This paper presents a cost-benefit analysis of the first cohort (2002-03) of
selected ultra poor (SUP) households of BRAC’s CFPR. The analysis calculates
benefit of the programme using primary data...
by Sanjay Sinha | On 20 Jan 2011 The Government of Bangladesh (GoB) has intensified the implementation
of the directly observed treatment, short-course (DOTS) strategy with the
primary aims (i) to detect and treat at least 70% of T...
by Fazlul Karim | On 12 Jan 2011 The paper examines various aspects of development of minority in Vietnam.
by Bob Baulch | On 07 Jan 2011 The use of monetary policy in India has been constrained by a loose fiscal policy and capital flows. Capital inflows have the potential to cause a Dutch Disease-type situation. The RBI has carried out...
by Partha Sen | On 06 Jan 2011 The financial intermediation–growth nexus is a widely studied topic in the literature of
development economics. Deepening financial intermediation may promote economic
growth by mobilizing more...
by Jun Zhang | On 03 Jan 2011 Economic stability can be seen as an essential component of any strategy for inclusive development. To the extent that central banks play a role in providing that stability, the experience of the cris...
by Subir Gokarn | On 21 Dec 2010 This paper aimed to understand the dynamics of participation of the TUP (Targeting the Ultra Poor)
members of CFPR (Challenging the Frontiers of Poverty Reduction) phase I in the financial market sin...
by Raniya Shams | On 16 Dec 2010 The Mid Term Appraisal (MTA) reviews
the experience in the first three years of the Eleventh
Plan and seeks to identify areas where
corrective steps may be needed.
The Planning Commission has deci...
by Planning Commission, India | On 14 Dec 2010 The paper defines financial liberalization, distinguishing between liberalization of domestic financial
markets and capital account convertibility. It then examines the stages and the strategy of Ind...
by Ashima Goyal | On 14 Dec 2010 This study examines the role of institutions and their change related to the rapid economic
development and the 1997 Korean financial crisis. In Korea, the government built a state-
led financial s...
by Kang-Kook Lee | On 13 Dec 2010 Despite the rapid growth in finance worldwide over the past quarter-
century—now interrupted by the global financial crisis—many low-income
households and small firms remain excluded from access to...
by Centre for Global Development | On 10 Dec 2010 This paper makes an attempt to identify major factors, like currency forfeiting, loan default, capital shortfall, capital flight, etc which undermine consumer confidence in the financial services sect...
by Md. Kabir Ahmed Chowdhury | On 02 Dec 2010 This paper puts forward the case for Thailand’s commercial banks to move towards more
sustainable banking practices that proactively contribute towards socially and
environmentally sustainable and j...
by Carl Middleton | On 25 Nov 2010 This paper investigates the simultaneous causal relationship between investments in
information and communication technology (ICT) and foreign direct investment (FDI),
with reference to its implica...
by Roghieh Gholami | On 22 Nov 2010 In recent years, China has dramatically expanded its financing and foreign direct investment to Africa. This
expansion has served the political and economic interests of China while providing Africa...
by Benedicte Vibe Christensen | On 15 Nov 2010 Monetary policy frameworks in the Asia and Pacific region have performed well in the past decade as judged by inflation outcomes. We argue that this is due to three principal factors: (i) central bank...
by Andrew Filardo | On 08 Nov 2010 This paper analyzes the impacts of the 1998 and 2008 financial crises on the Korean labor market. They study the historical background of the Korean Employment Insurance System and the change of labor...
by Sung Teak Kim | On 04 Nov 2010 This paper investigates the prevailing financial regulatory structures and impact of the current financial turmoil on banking performance in four Asian economies: the People's Republic of China (PRC);...
by Chen-Min Hsu | On 03 Nov 2010 They conducted a global study of the long-term issuer ratings of nonfinancial firms from Standard and Poor's Ratings Services (S&P) for the period 1998–2003. Specifically, they focused on the solicite...
by Winnie P. H. Poon | On 02 Nov 2010 This paper sets up a canonical new Keynesian small open economy model with nominal price rigidities to explore the impact of habit persistence and exchange rate pass-through on the welfare ranking of...
by Yongseung Jung | On 01 Nov 2010 Against the backdrop of financial liberalisation, this paper
examines India’s financial integration, both on the domestic and
international fronts. Preliminary analysis of the secondary data shows
...
by Gargi Sanati | On 29 Oct 2010 The growth of government financial institutions in India both in terms of number of branches and quantum of credit has been impressive, especially in the post-blank nationalisation period. [Working Pa...
by D. Rajasekhar | On 23 Oct 2010 This paper gives an account of the Swedish financial crisis covering the period 1985–2000, dealing with financial deregulation and the boom in the late 1980s, the bust and the financial crisis in the...
by Lars Jonung | On 23 Oct 2010 It has taken two crises—the Asian financial crisis of 1997-1998 and the global financial crisis of 2007-2009—for the international community to seriously focus on the reform of the international finan...
by Masahiro Kawai | On 23 Oct 2010 In the last decade, East Asia has engaged in constructing numerous mechanisms to enhance regional cooperation in the areas of trade and finance. However, the region’s economic architecture exhibits ce...
by Saori N. Katada | On 21 Oct 2010 The recent global financial crisis reflects numerous breakdowns in the prudential discipline of
financial firms. This paper discusses ways to strengthen micro- and macroprudential
supervision and...
by Larry D. Wall | On 18 Oct 2010 Regional economic integration agreements are considered to be important policy
mechanisms to address regional developmental asymmetries. The Asian reality is
characterized by developmental asymmetri...
by Ram Upendra Das | On 15 Oct 2010 The global economic and financial crisis has sparked an unprecedentedly large, generalized
fiscal policy response in practically all major industrial and emerging economies, which will
change the fi...
by Pier Carlo Padoan | On 15 Oct 2010 This paper conducts an in-depth analysis of the impacts of the global financial crisis on the People’s Republic of China’s (PRC’s) small and medium enterprises (SMEs). It also provides relevant policy...
by Xiangfeng Liu | On 15 Oct 2010 This paper empirically explores the present relationship between inflation and economic growth in the context of Bangladesh. Using annual data set on real GDP and CPI for the period of 1980 to 2005, a...
by Shamim Ahmed | On 14 Oct 2010 This paper examines the motivation for, and the success of, regional efforts in Asia
to promote local currency bond markets. The analysis demonstrates that Asian local
currency bond markets made sub...
by Mark M. Spiegel | On 14 Oct 2010 The paper improves upon the original Sargent-Wallace (SW) version which had to resort to numerical simulations to prove this point It is also shown that incorporating the Mundeil-Tobin and Darby-Tanzi...
by M J Manohar Rao | On 13 Oct 2010 In this paper I review the use of precautionary measures aimed at mitigating emerging markets’ exposure to fragility associated with financial integration. The discussion draws possible lessons from t...
by Joshua Aizenman | On 13 Oct 2010 How much can regional monitoring of financial markets and coordination of financial sector policies contribute to preventing and mitigating financial crises? This paper reviews and compares the experi...
by Adalbert Winkler | On 13 Oct 2010 This paper discusses the role of state intervention for prevention, containment, and resolution of financial crises based mainly on the Korean experience during the 1997 Asian financial crisis. Crises...
by Yoon Je Cho | On 12 Oct 2010 The ongoing global economic crisis has punished Asian economies severely, despite the fact that its origins derive from outside the region. The global economic crisis was transmitted through real and...
by Michael G. Plummer | On 11 Oct 2010 It is widely believed that the practice of securitization is one of the causes that led to the 2007–08 financial crisis. In this paper, I show that securitized products such as collateralized debt obl...
by Mariko Fujii | On 11 Oct 2010 The paper examines the recent European crisis management programs of the International Monetary Fund (IMF) to see how the lessons of Asia were applied. Compared to the Asian programs of 1997, the Euro...
by Shinji Takagi | On 11 Oct 2010 This paper models the univariate dynamics of seasonally unadjusted quarterly
macroeconomic time series for the Indian economy including industrial production,
money supply (broad and narrow measures...
by Pami Dua | On 08 Oct 2010 The Japanese government’s response to the financial crisis in the 1990s was late, unprepared and insufficient; it failed to recognize the severity of the crisis, which developed slowly; faced no major...
by Mariko Fujii | On 08 Oct 2010 While in their purchase operations, as in all other activities, governments endeavour to maximise the use of scarce financial resources. Some of these objectives are to promote the development of a do...
by Anwarul Hoda | On 07 Oct 2010 This paper examines fiscal policy issues in the Republic of Korea (hereafter Korea) after the 2009 global financial crisis, including the timing of fiscal policy responses, the effectiveness of expans...
by Kiseok Hong | On 07 Oct 2010 The global financial crisis and the resulting economic slowdown may be assumed to have at
least the benefit of also reducing environmental degradation in the individual countries. This
paper discu...
by Venkatachalam Anbumozhi | On 07 Oct 2010 The global economic and financial landscape has been transformed over the past decade by the growing economic size and financial power of emerging economies. The new G20 summit process, which includes...
by Masahiro Kawai | On 05 Oct 2010 It is an empirical fact that it is very difficult to balance economic growth, poverty reduction, and environment protection, particularly for developing and transitional economies. While the economic...
by Kaliappa Kalirajan | On 04 Oct 2010 This paper investigates whether there is any consistency between banks’ financial strength ratings (bank rating) and their risk-return profiles. It is expected that banks with high ratings tend to ear...
by Changchun Hua | On 04 Oct 2010 Kerela is a region that is deeply integrated with the Indian and the world economy through various ways such as commodity flows, financial movements, labour migration and operations of national and in...
by T.M. Thomas Issac | On 01 Oct 2010 The present analysis sheds light on the setting up a regional rating agency in Asia in the
wake of recent financial crisis. We investigate the policy facing a financial regulator while
evaluat...
by Ying Yi Tsai | On 30 Sep 2010 This paper reviews recent state interventions in financial crises and draws lessons for crisis
management. A number of areas are identified where crisis management could be
strengthened, including...
by Charles Adams | On 29 Sep 2010 It is being acknowledged that a macro prudential perspective is critical in designing and pursuing micro prudential regulation of institutions and markets. Two distinct but highly inter-related constr...
by Shyamala Gopinath | On 28 Sep 2010 The need for fiscal consolidation and sustainability is one of the key macroeconomic issues confronting Indian economy. This paper attempts to understand India’s current fiscal situation, its likely f...
by Rajiv Kumar | On 28 Sep 2010 This paper examines the determinants of the Government yields in India using weekly data from
April 2001 through March 2009. The analysis covers Treasury Bills with residual maturity of
15-91 day...
by Pami Dua | On 13 Sep 2010 In this paper, the influence of stronger intellectual property protection on technology transfer into developing countries via licensing is analyzed. Using panel data for the post-TRIPs period 1995-20...
by Sunil Kanwar | On 09 Sep 2010 Capital controls can induce large and persistent deviations from
the Law of One Price for cross-listed stocks in international capital
markets. A considerable literature has explored rm-speci c fac...
by Matthieu Stigler | On 09 Sep 2010 In India, there is a large divergence between CPI and WPI inflation trends in
the past, wide dispersion in inflation across commodity groups within WPI,
and significant volatility in headline WPI in...
by Nadhanael G V | On 08 Sep 2010 This lecture series begins with a discussion of the reforms that have undertaken in the IMF since the mid-1990s, and particularly since the start of the Asian economic crisis. It concludes with a disc...
by Stanley Fischer | On 04 Aug 2010 In this paper an attempt is made to evaluate the most efficient approach to regional economic integration in Asia. Given that ASEAN is an existing regional bloc in Asia, alternative approaches to the...
by Amita Batra | On 04 Aug 2010 The infeasibility of a monetary union for East Asia in the near future, as
well as the limitations of other forms of super fixes, appears to leave a flexible
regime as the only viable policy option....
by Tony Cavoli | On 30 Jul 2010 This paper
examines in its first part, the views of leading European academics,
politicians, lobbyists and opinion-makers on the issue of relations with Asia.
The second part of this paper looks at...
by Venil Ramiah | On 29 Jul 2010 The depth and breadth of the East Asian financial crisis has
added a sense of acute urgency for some concrete and credible
measures by policy-makers to revitalise the Japanese economy.
While steps...
by Ramkishen Rajan | On 23 Jul 2010 The slow progress and modest achievements of regional integration in South Asia
have generated a huge amount of skepticism about its role as an effective strategy of
growth. The present study, howev...
by Aradhna Aggarwal | On 22 Jul 2010 The turmoil that has characterised the global financial markets
since the 1990s, and particularly the crisis in East Asia, has generated
a great deal of support for proposals to add some frictions t...
by Ramkishen Rajan | On 21 Jul 2010 Two features of East Asia’s recovery from the financial turmoil of 1997-
98 appear to be rather paradoxical. First, the regional economies (except
Hong Kong, China and Malaysia) have allowed a relat...
by Ramkishen S. Rajan | On 20 Jul 2010 The Reserve Bank of India (RBI) seems to have decided, somewhat belatedly, to fight for its own autonomy. Well, it’s better late than never, and there is much to recommend in the suggestion by RBI to...
by T.N. Ninan | On 14 Jul 2010 Despite signs of recovery from the global financial crisis, the GDP growth rate for the
Indian economy is likely to be between 5.8 to 6.1 per cent in 2009-10, below the 6.7
per cent recorded in fisc...
by Mathew Joseph | On 14 Jul 2010 Almost all existing studies on the causes, consequences and policy
implications of the economic and financial crisis faced by East Asia have provided
only a cursory discussion of broad data at best,...
by Ramkishen Rajan | On 18 Jun 2010 Prior to the Asian financial crisis, most Asian exchange rates were de facto pegged
to the US Dollar. In the crisis, many economies experienced a brief period of extreme flexibility. A `fear of float...
by Ila Patnaik | On 18 Jun 2010 The paper examines the programs for Disarmament, Demobilization and Reintegration (DDR) and concludes that DDR is set to remain an important tool, and that it is most effective when used flexibly, app...
by Walt Kilroy | On 16 Jun 2010 Lately there has been a surge in the variety of approaches to assist the
adolescents, specially the girls, in building up their lives and livelihoods. With
financial assistance from Nike Foundation,...
by Rizwana Shahnaz | On 10 Jun 2010 In this paper, a methodology to measure discrimination in educational contexts is illustrated. In India, exam competition is run through which children compete for a large financial prize and teachers...
by Rema Hanna | On 08 Jun 2010 This paper analyzes the prospects for liberalizing financial services under the GATS, in view of
India’s interests and concerns in this sector. The paper consists of seven sections. Section 2 discuss...
by Rupa Chanda | On 03 Jun 2010 How does the Reserve Bank of India implement monetary policy? The objectives and framework of monetary policy, as they have evolved, the operational aspects of monetary policy have been discussed. Th...
by Deepak Mohanty | On 08 Apr 2010 Stricter regulatory surveillance in emerging market economies (EMEs) largely insulated their
financial systems from the crisis. Development and convergence of regulatory apparatus has
been rapid. In...
by Ashima Goyal | On 29 Mar 2010 The paper raises some hard questions that need to be answered before one can conclude that events such as Common Wealth Games has a positive effect on the host community. Can the financial requirement...
by Vinayak Uppal | On 23 Mar 2010 Budget speech by finance minister of Karnataka
by Government of Karnataka GoK | On 05 Mar 2010 A reduced form model
where banks can pursue other goals than profit maximization is presented. This allows us to test
for behavioral changes of banks over time. This model provides a framework to
e...
by Xiaoqiang Cheng | On 23 Feb 2010 The competitiveness among the firms in Indian automobile industry has been assessed by understanding the factors that determine its competitive advantage. The efforts have been made to construct a com...
by G Burange | On 05 Feb 2010 Capital account openness and exchange rate flexibility in 11 Asian countries are examined. Asia has made slow progress on de jure capital account openness,
but has made much more progress on de facto...
by Ila Patnaik | On 04 Feb 2010 The objective of this study is to examine empirically the impact of monetary policy on exchange market pressure (EMP) in Bangladesh. EMP is measured as the sum of percentage change of international re...
by Sayera Younus | On 29 Jan 2010 The Reserve Bank has pursued an accommodative monetary policy beginning mid-September 2008 in order to mitigate the adverse impact of the global financial crisis on the Indian economy. The measures ta...
by D Subbarao | On 29 Jan 2010 A review of the various primary measures of inflation with a particular reference to the divergence between WPI and CPI. Focus is also given on different secondary (derived) measures of inflation, par...
by Deepak Mohanty | On 21 Jan 2010 Multiple Meanings of Money: How Women See Microfinance by Smita Premchander, V. Prameela, M. Chidambaranathan, L. JeyaseelanSage publication, 2009, Pp 264, Rs. 595/-
by Sanchita Das | On 20 Jan 2010 In this paper, we seek to make a twofold contribution. On outcomes, we focus on manufacturing exports as well as on manufacturing output both in the aggregate and in selected sectors. On policy, the i...
by Aaditya Mattoo | On 19 Jan 2010 India has an elaborate system of capital controls which impede cap-
ital mobility and particularly short-term debt. Yet, when the global
money market fell into turmoil after the bankruptcy of Lehman...
by Ila Patnaik | On 19 Jan 2010 Firms often give away free goods with the product that they sell. Firms often give stock options
to their top management and other employees. Mixing these two practices—giving stock options
to consu...
by Kaushik Basu | On 15 Dec 2009 This brief seeks to address questions on how the funds are collected, dsitributes at the international level, mechanisms to ensure that the recipient countries are managing the funds in a transparent...
by Athena Ballesteros | On 15 Dec 2009 China and India have both attempted distorting the exchange rate in order to foster exports-led growth. This is described as the Bretton Woods II framework, where developing countries buy bonds in the...
by Ila Patnaik | On 30 Nov 2009 Ills of the banking system that caused the crisis. An extensive analysis of the causes is given. A brief synopsis to provide a backdrop for the ‘boring banking’ discussion is given. [Speech at the Int...
by Duvvuri Subbarao | On 25 Nov 2009 No reponse form the policies that the government is announcing
by T.N. Ninan | On 20 Nov 2009 Questions about the processes of empowerment generated under each of these interventions and also suggests synergistic linkages between the two are raised.
by Joy Deshmukh Ranadive | On 13 Nov 2009 A variety of institutional forms of microfinance are being
introduced in Asia including by the ADB-and financial institutions pursue different
objectives, so it is difficult to assess how well micro...
by Richard L Meyer | On 13 Nov 2009 The government of India started offering widespread crop in insurance in 1985,
with the Comprehensive Crop Insurance Scheme. The CCIS has been replaced by
the National Agriculture Insurance Scheme....
by Jennifer Ifft | On 06 Nov 2009 Evolution of the financial sector regulation in India, particularly focusing on the elements of the policy framework which have contributed to the broader stability in the financial sector is depicted...
by Shyamala Gopinath | On 05 Nov 2009 This paper is about the financial lives of poor households. It
examines the different sources of income and expenditure of the poor
households residing in a coastal settlement in Kerala. The method...
by B. S. Suran | On 29 Oct 2009 The repo rate has been kept unchanged at 4.75%. The reverse repo rate left steady at 3.25%. The bank rate has been retained unchanged at 6.0%. The cash reserve ratio (CRR) of scheduled banks has been...
by D Subbarao | On 27 Oct 2009 This paper describes the major institutional weaknesses in global nutrition and presents two recommendations to address the joint problems of incoherence, lack of institutional leaders, and persistent...
by Ruth Levine | On 27 Oct 2009 Recollect and recount lessons from crises. The key lessons are how to anticipate and take pre-emptive action and equally important, once you are in the middle of it, how to respond effectively namely,...
by Usha Thorat | On 22 Oct 2009 The paper discusses the impacts of climate change to the environment of China and most especially to the livelihood of Chinese people there. It analyzed the Chinese government’s position and enumerate...
by Dale Jiajun Wen | On 16 Oct 2009 From the perspective of Emerging Market Economies (EMEs) and particularly for that of India, five concerns are expressed. These are: first, timing of exit from the accommodative monetary policy in the...
by D Subbarao | On 15 Oct 2009 The emergence of a large and dynamic middle class raises Asia’s profile as an attractive market destination for products ranging from consumer goods to financial services. There are even hopes that th...
by Steffen Dyck | On 06 Oct 2009 This new report discusses the experience with environmental standards and how it can be useful for new financiers. It contains ten papers written by experts from civil society, financial institutions...
by International Rivers Network IRN | On 01 Oct 2009 The study seeks to answer two very basic
questions in the Indian context: first, are there economies of scale and
scope in Indian banking? In other words, are bigger banks better for India?
And, se...
by Pradeep Srivastava | On 23 Sep 2009 The present study
attempts to capture chronic poverty in Sri Lanka by examining general information on poverty and drawing conclusions on those who are likely to be among the chronic poor.
Certain p...
by Indra Tudawe | On 17 Sep 2009 Options for monetary policy arising from interactions
between it and Indian foreign exchange (FX) markets. A brief survey covers
recent rapid changes providing a snapshot of current microstructure,
...
by Ashima Goyal | On 14 Sep 2009 This paper assesses the condition and outlook of the financial sectors—in particular, the banking sector—in the East Asia region in the aftermath of the current global financial crisis. The risks in t...
by Michael Pomerleano | On 07 Sep 2009 How do we, as individuals, approach issues of ethics and values? Are our approaches different in our personal and professional lives? Are issues of ethics different in the financial sector? What are t...
by Duvvuri Subbarao | On 02 Sep 2009 The financial crisis of 2007-09 began as a local problem in the mortgage finance market in the United States and Europe but, within months, escalated into a general global financial crisis, resulting...
by Kaushik Basu | On 17 Aug 2009 The focus should be to simplify the technology which can operate on any platform. The technology solution to the business needs should be user-friendly without much third-party or IT vendor interventi...
by Chakrabarty K C | On 11 Aug 2009 Lack of full regional connectivity is one of the major constraints hindering regional growth and integration in Asia, as well as with the rest of the world. One of the conclusions of this paper is tha...
by Biswa N Bhattacharyay | On 11 Aug 2009 The article describes the constitution and functions of Village Development Boards (VDBs) in NAGALAND where VDBs are considered as “Financial Intermediaries” or “Non-Banking Financial Intermediaries”....
by Karmakar K G | On 06 Aug 2009 Despite the negative impact of the current crisis and many
remaining uncertainties about the actual economic recovery path,
the medium-term outlook for Hong Kong’s banks remains
favourable.
by Robert Mülhaupt | On 15 Jul 2009 The multi-dimensional role of RBI and how it reponded to the financial crisis is depicted in the presentation. [Presentation made at the 56th EXCOM Meeting and FinPower CEO Forum organised by APRACA a...
by Usha Thorat | On 15 Jul 2009 In the context of the formation of G-20, the paper points out the absence of reform in the global financial architecture (GFA) after the East Asian crisis, and assesses factors that can improve the ch...
by Ashima Goyal | On 15 Jul 2009 The paper seeks to analyse and discuss the impact of financial reform and related
institutional change on the process of financial intermediation. In effect reforms stood the earlier
quantity driven...
by Chakrabarti B.B. | On 09 Jul 2009 This paper addresses the issue of establishing a regulatory regime along the production, supply and value chains of multinational corporations in terms of setting labor standards and protecting worker...
by Fichter Michael | On 08 Jul 2009 Key features of budget presented by the Finance Minister
by Pranab Mukherjee | On 06 Jul 2009 The configuration of the liquid wealth involved a reorganization of society and the financial system with on labour and trade union organization in Brazil. The changes involved the redefinition of the...
by Jose Ricrado Goncalves | On 06 Jul 2009 The debate around retrenchment of pension systems became really popular in the 1990’s after the pioneering experience of Chile in 1981.The disastrous outcomes of the Chilean reform were widely known b...
by Camila Gripp | On 04 Jul 2009 Establishing a debt management office would consolidate all debt management functions in a single agency, and be the catalyst for wider institutional reform and transparency about public debt. It is i...
by Ministry of Finance | On 04 Jul 2009 The paper attempts to analyse the emerging contours of regulation of financial institutions with an emphasis on the emerging challenges and dynamics. [Paper prepared for Financial Stability Review of...
by Rakesh Mohan | On 29 Jun 2009 North-South free trade agreements (FTAs), bilateral investment treaties (BITs) and World Trade Organization (WTO) commitments often contain a number of provisions that can increase the likelihood of a...
by Third World Network | On 28 Jun 2009 This note analyses the major characteristics of the current inflationary episode in the economy along with its probable impact on different population groups in Bangladesh. The note also draws some po...
by Mustafa. K. Mujeri | On 27 Jun 2009 The paper analyzes the effects of changes in consumption factor on the calculation of inflation calculation in Bangladesh. This is important as there might exist some volatile and non-trend components...
by Md. Habibour Rahman | On 27 Jun 2009 The paper estimates the P* model for Bangladesh economy and test its forecasting ability through generating recursive forecasts. The empirical result shows that the model performs relatively well and...
by Mustafa. K. Mujeri | On 27 Jun 2009 This paper investigates the relative importance of monetary and fiscal policies in altering real output of Bangladesh. An unrestricted vector auto regression (VAR) framework based on the St. Louis equ...
by Md. Habibur Rahman | On 27 Jun 2009 This paper analyzes the effects of capital controls and crises on financial integration, using stocks from emerging economies that trade in both domestic and international markets. The cross market p...
by Eduardo Yeyati | On 27 Jun 2009 The objectives of this paper are to assess the knowledge retention on IGA training, and to explore the quality of participation in financial and non-financial services by the BDP ultra poor. We found...
by Proloy Barua | On 25 Jun 2009 The study examines the impact of changes in monetary policy in Bangladesh. Specifically, the study examines the impact of domestic and foreign monetary shocks on Bangladesh’s major economic aggregate...
by Sayera Younus | On 22 Jun 2009 Financial inclusion is the broad based delivery of banking and other financial services at affordable cost to the poorest sections of the society. In India, financial inclusion emphasizes to include m...
by Amit. K. Bhandari | On 16 Jun 2009 At this moment, the world is undergoing the worst economic crisis since the Great Depression of 1930s. It is not clear exactly which factors instigated the crisis, but there are many candidates; the f...
by H. N. Thenuwara | On 15 Jun 2009 The study uses co-integration and vector auto-regression (VAR) techniques to identify the determinants of income velocity of money (VM) in Bangladesh, covering both narrow and broad money. The study o...
by Md. Akhtaruzzaman | On 15 Jun 2009 Although economic growth has improved in recent years in Bangladesh, the better economic performance has not translated into satisfactory poverty reduction. The type of growth that matters Bangladesh...
by Mustafa. K. Mujeri | On 15 Jun 2009 There has been an increase in the demand for infrastructure services and opening up of the infrastructure sector for private investment. As a result, a large number of financial intermediaries and pri...
by Mustafa. K. Mujeri | On 15 Jun 2009 The article focuses on understanding of the economics of the exchange control liberalisation in macroeconomic perspectives and, therefore, the article does not attempt to interpret or explore the lega...
by P Samarasiri | On 12 Jun 2009 This report is intended as a wake-up call to anyone who thinks the developing world debt crisis has been resolved. In fact, it assesses fears of a new debt crisis, more serious than before, spreading...
by Sarah Edwards | On 11 Jun 2009 In this paper, the author analyzes India’s approach to capital account liberalization through the lens of the new literature on financial globalization. India’s authorities have taken a cautious and c...
by Eswar S. Prasad | On 09 Jun 2009 The global economy is passing through its deepest financial and economic crisis of our time. Protecting the Indian economy from the worst impact of the crisis has been a big challenge for the governme...
by D Subbarao | On 08 Jun 2009 Health economics is increasingly recognized as a discipline that has much to offer developing countries in addressing these problems, but how can it help? What economic concepts and tools can be appli...
by Anne Mills | On 04 Jun 2009 In the context of the deepening global crisis that is pushing millions more women, children, and men into poverty in developing countries, development should be the centerpiece of reforming the global...
by Kevin P. Gallagher | On 29 May 2009 The study was undertaken with the objective to review and analyse the costs and benefits
of the Sardar Sarovar Dam at this stage, when efforts are being made to complete the last
leg of the dam, rai...
by Tata Institue of Social Sciences TISS | On 26 May 2009 During the global financial turmoil of 2007 and 2008, no major derivative clearing house in the world encountered distress while many banks were pushed to the brink and beyond. An important reason for...
by Jayanth R Varma | On 26 May 2009 Speech is about the role of IT in the Indian financial sector [Keynote address at the Banking Technology Awards 2008 of the Institute for Development & Research in Banking Technology, Hyderabad].
by D Subbarao | On 25 May 2009 The paper examines the impact of recent inflation and financial shocks on the vulnerable, and explores policy design to reduce both future shocks and vulnerability to shocks. Inflation affects the typ...
by Ashima Goyal | On 22 May 2009 This paper investigates the determination of inflation in the framework of an open economy forward-looking as well as conventional backward-looking Phillips curve for eight Asian countries- Japan, Ho...
by Pami Dua | On 22 May 2009 This paper reports the European experience with a basket currency, the ECU. The ECU was initially introduced as a reference unit and later became the anchor of the European Monetary System. Public pol...
by Girardin Eric | On 22 May 2009 Dr. Bimal Jalan, Governor gave a welcome remark to Prof. Charles Goodhart on his 11th C. D. Deshmukh Memorial Lecture on 'Whither Central Banking ?' This paper revolves around Dr. Jalan's summary and...
by Dr Bimal Jalan | On 21 May 2009 Macroeconomic modelling is generally motivated by two objectives: forecasting and more significantly, policy analysis. In pursuit of both these objectives,
every model must ideally satisfy four crite...
by V. Pandit | On 16 May 2009 This paper analyzes Singapore’s multi-pronged approach to managing prolonged low fertility which has led to population aging, labor force shortages, increasing elderly dependency ratios, and feminizat...
by Mukul. G Asher | On 15 May 2009 Capitalizing on the most recent worldwide estimates of the impacts of climate change on agricultural production, this paper assesses the economic effects of climate change for Southeast Asian countrie...
by Fan Zhai | On 14 May 2009 A lively debate is taking place over the impact of free trade agreements (FTAs) on East Asia's business between those who view the agreements as a harmful Asian "noodle bowl"—i.e., overlapping regiona...
by Masahiro Kawai | On 13 May 2009 This paper will hopefully provide an important methodological tool for all
researchers who may be attempting to analyze and explain the growth of the service
sector and its share in the Indian GDP o...
by Barry Eichengreen | On 08 May 2009 This paper talks of good outcomes of Globalisation which needs to be further inproved wherein Institutional response mechanisms should be designed to address any problems that may arise in specific ar...
by Jagdish Bhagwati | On 03 May 2009 Presentation shows the global financial crisis, the difference between US, Europe and India, RBI’s policy response and impact, lessons from the crisis, medium-term issues and challenges. [Speech deliv...
by Rakesh Mohan | On 29 Apr 2009 In many countries political financial regulations have been introduced.
by Marcin Walecki | On 28 Apr 2009 This paper details the procedures adopted by the Tamil Nadu Medical Services Corporation in procuring and supplying essential drugs to the government health care which is a positive measure in ensurin...
by Lalitha N | On 22 Apr 2009 Budget speech of finance minister
by Orissa Government | On 13 Mar 2009 This paper attempts to build an aggregative, structural,macroeconometric model for India. Investment and output in the model are disaggregated into four sectors namely(a) agriculture including forestr...
by K.N Murty | On 02 Mar 2009 The impact of economic crisis on India has been analysed in the speech. [Speech delivered at the Symposium on 'The Global Economic Crisis and Challenges for the Asian Economy in a Changing World'].
by Duvvuri Subbarao | On 24 Feb 2009 Twenty-one thinkers, academics and policymakers from
14 developing countries present snapshot views of how the
financial crisis is affecting their countries
by Globalisation Team IDS | On 31 Jan 2009 In recent years there has been a strong focus on ‘Islamic radicalisation’ in
Europe, due both to the threat of terrorism and its security implications, and to the
issue of integrating second generat...
by Olivier Roy | On 22 Jan 2009 The speech tries to underline some lessones that be drawn from the financial crisis relevant to regulation, financial markets and the market infrastructure and to reflect on these. [Annual Conference...
by Shyamala Gopinath | On 15 Jan 2009 To understand the development process of Indian Railway’s over the past twenty years, the study covers issues and strategies related to financial and physical aspects of revenue generating freight and...
by G. Raghuram | On 06 Jan 2009 This preliminary report has been prepared with a view to assist the state government in understanding the implications of the crisis, so that appropriate policies and programmes could be chalked to de...
by Centre for Development Studies CDS | On 02 Jan 2009 Perspective on the current global turmoil, its impact on India, the outlook for the Indian economy and the challenges that lie ahead for the Indian banking system, in particular. [Speech delivered at...
by D Subbarao | On 19 Dec 2008 The main objectives of this report are to identify and propose policies,
factors and conditions that could mitigate or avoid double mismatches. policies here means any course of action pursued and ad...
by Khee-Giap Tan | On 19 Dec 2008 The speech mainly throws light upon the impact of financial crisis on emrging economies particulary India. [Speech delivered at Reserve Bank of India at the RBI-BIS Seminar at Hyderabad].
by Duvvuri Subbarao | On 05 Dec 2008 Whether there should be transparency in political finance? Whether there should be a control over the money that the political parties are receiving?
by Marcin Walecki | On 04 Dec 2008 This paper focuses on the role of fiscal and monetary policies in the evolution of the Indian economy over the years, with particular attention being given to the reforms undertaken in these policies...
by Rakesh Mohan | On 28 Nov 2008 A broad overview, from the Indian perspective, of the factors underlying the credit market crisis in the west, the implications of the crisis for the financial sector,
lessons learnt from it, the var...
by Leeladhar V | On 25 Nov 2008 The competitiveness among the firms in Indian cement industry has also been
evaluated. For the year 2006-07, out of the sample of seventeen firms (90.21% of the total market share), about 47% have re...
by G Burange | On 19 Nov 2008 Can Asia Consume A Way Out of Crisis?
Hugo Restall, editor of the REVIEW, looks at the prospects of Asian governments' efforts to jump start domestic demand through Keynesian stimulus packages.
F...
by FEER | On 10 Nov 2008 The ongoing global financial turmoil represents an end of an era of exuberant financial capitalism. But the transition to a more sedate and scaled down financial sector will be traumatic for the world...
by Mukul Asher | On 15 Oct 2008 Each day, there is news of the crisis spreading to a newer part of the world
or to a newer institution. What we are going through is an unprecedented crisis; and we will be failing the world if we do...
by Duvvuri Subbarao | On 15 Oct 2008 The author points out that the general directions of change adopted by the financial authorities in countries around the world in response to the market turbulence of 1997 and 1998 are correct. But, e...
by Howard Davies | On 14 Oct 2008 This paper proceeds with approach that it is the constitutional obligation of
the State to provide adequate quantity of drinking water to the citizens and
also protect water resources as common good...
by Ramachandraiah C | On 13 Oct 2008 Two agendas of the heterodox economics programme; the stock-flow consistent models pioneered by Wynne Godley, and the monetary circuit approach researched in France and Italy are discussed. The object...
by Romar Correa | On 10 Oct 2008 This paper uses the standard one-sector neoclassical growth model to investigate why China’s consumption has been low and investment high. This paper looks into the role played by the financial sector...
by Jahangir Aziz | On 07 Oct 2008 Demographic transition is a global phenomenon; population growth is inevitable in the initial phases of the transition. For India the current phase of the demographic transition is both a challenge an...
by Prema Ramachandran | On 26 Sep 2008 The lecture is about the payment system in India, which is an important element of the financial sector infrastructure. The lecture also shows the evolution and objectives of the Indian payment system...
by Leeladhar V | On 25 Sep 2008 This paper provides an explanation for the observed persistence in income inequality across households in terms limited parental altruism. It is postulated that the degree of parental altruism is ‘lim...
by Mausumi Das | On 24 Sep 2008 An optimizing model of a small open emerging market economy (SOEME) with
dualistic labour markets and two types of consumers, is used to derive the natural
interest rate, terms of trade and potentia...
by Ashima Goyal | On 24 Sep 2008 Today banks have centralised operations, more and more banks and branches are moving to CBS , network based computing, new delivery channels such as networked ATMs, internet banking, smart card based...
by Usha Thorat | On 16 Sep 2008 Within the past decade, national levels of labour productivity in CEECs have converged significantly towards the levels predominant in the EU. Yet, levels are still significantly lower, large gaps are...
by Dr Johannes Stephan | On 16 Sep 2008 The paper examines the current problems with the IMF which include: 1) the institution is no longer fulfilling the functions it used to fulfil, nor is there a clear vision of any new functions for it;...
by Roberto Frenkel | On 21 Aug 2008 A practitioner’s perspective of fiscal policy, and economic reforms.
by Y V Reddy | On 14 Aug 2008 The International Monatory fund is facing an uncertain future. Notewithstanding the important contributions it has made in helping the global economy deal with major economic and financial changes and...
by Jack Boorman | On 06 Aug 2008 In this study an attempt is made to examine the equity aspect due to
reforms in the banking sector at sub-regional level in the state of Andhra Pradesh
covering the period 1985 to 2004. [CESS WP 68]...
by K S Reddy | On 04 Aug 2008 The Reserve Bank released the document “Macroeconomic and Monetary
Developments: First Quarter Review 2008-09” to serve as a backdrop to the First Quarter Review of Annual Policy Statement for 2008-0...
by Reserve Bank of India | On 28 Jul 2008 The promotion of an inclusive financial system is considered a policy priority in many countries. While the importance of financial inclusion is widely recognized, the literature lacks a comprehensive...
by Mandira Sarma | On 25 Jul 2008 From the early 1990s, India embarked on easing capital controls. Liberalization
emphasised openness towards equity flows, both FDI and portfolio flows. In particular, there are few barriers in the fa...
by Ajay Shah | On 24 Jul 2008 The financial crisis of 1997 gave the Asian region a very hard lesson on the importance of financial stability. The severity of the crisis and the failure of IMF in assisting these countries became a...
by Titik Anas | On 17 Jul 2008 The financial sector has built capabilities such that, with appropriate policy changes, it can grow tremendously, both domestically and internationally. the report touches upon two reasons for financi...
by Raghuram G. Rajan | On 14 Apr 2008 A brief overview is provided about India’s long-term growth performance. Then an attempt is made to set out the conditions for successful innovations. To assess the role of innovations in the Indian...
by Rakesh Mohan | On 03 Apr 2008 Budget speech 2008-09 by Finance Minister Dr. Thomas Issac
by Government of Kerala Govt | On 07 Mar 2008 Budget for Children (BfC) is not a separate budget. It is merely an attempt to disaggregate from the overall budget, the allocations made specifically for programmes that benefit children. From 2000-0...
by HAQ Centre for Child Rights HAQCRC | On 04 Mar 2008 The working of money lenders in Kerala are analysed. Based on a sample survey, the paper has estimated the volume of deposits and credits extended by money lenders in Kerala and has brought out the un...
by P D Jeromi | On 13 Feb 2008 Review consists of three sections:
I. Assessment of Macroeconomic and Monetary Developments;
II. Stance of Monetary Policy; and
III. Monetary Measures.
An analytical profile of macroeconomic a...
by Y V Reddy | On 30 Jan 2008 The paper lays out a consistent frame work for monetary management in the
context of excess capital inflows. There is an urgent need for developing
competitive, open and well regulated markets for (...
by Arvind Virmani | On 24 Jan 2008 The IAEA topical seminar on Financing of Nuclear Power Projects in Developing Countries reaffirmed that a major requirement for and constraint on the development of nuclear power projects in developin...
by International Atomic Energy Agency IAEA | On 14 Jan 2008 Management of capital accounts in the global context and in the Indian context. [Inaugural address delivered by Dr. Y. V. Reddy, Governor, Reserve Bank of India at the Annual Conference of the Indian...
by Y V Reddy | On 08 Jan 2008 Sovereign Wealth Funds (SWFs) will be an integral and significant part of global financial and capital markets even in the medium term. It is important for India to put in place domestic safeguards ag...
by Mukul Asher | On 12 Dec 2007 The growing importance of India and other emerging economies in the globalized world are given in this lecture. This group of economies is not easy to define. However, some reflections on the implicat...
by Jean-Claude Trichet | On 30 Nov 2007 One of the burning issues at the moment relates to increasing the “voice” or representation of emerging-market economies in international financial institutions such as the IMF and World Bank. There a...
by Mboweni T.T. | On 13 Nov 2007 The authors attempt to construct a monetary conditions index (MCI) for India in order to take both interest rate and exchange rate channels simultaneously into consideration while evaluating the stanc...
by Kannan R | On 08 Nov 2007 The Reserve Bank, as the regulator of the banking sector, has been actively engaged, from the very beginning, in the review, examination and evaluation of customer service in the banks. It has been re...
by Leeladhar V | On 26 Oct 2007 Recognising the growing activity in the non deliverable forward (NDF) market in the recent years, the paper attempts to present a detailed analysis of the NDF market with special focus on Indian rupee...
by Sangita Misra | On 22 Oct 2007 The nature of the financial turbulence that happened recently in US and Europe, why it happened, where it happened, and the implications for central banks. Some of the forces that led up to and charac...
by Rakesh Mohan | On 12 Oct 2007 The key elements of effective central banking that account for much of the improvement in monetary policy around the world today are outlined and explained. The past quarter of the century has been a...
by Marvin Goodfriend | On 09 Oct 2007 The Reserve Bank had constituted an internal working group to review the existing access criteria and suggest changes that may be adopted for access to Payment and Settlement Systems. The Group has pr...
by Reserve Bank of India | On 05 Oct 2007 This paper addresses the final steps to global free trade -- the political economy forces that might drive them, and the role the WTO might play in guiding them. Two facts form the departure point: 1)...
by Richard Baldwin | On 05 Oct 2007 Since the early 1990s the Indian economy has seen a considerable relaxation of controls, as a consequence of which it has witnessed unprecedented growth. This is especially remarkable in the external...
by Partha Sen | On 04 Oct 2007 RBI seeks comments from the public for this paper. Comments may be sent to the Chief General Manager-in-Charge, Department of Banking Operations and Development, Reserve Bank of India, Central Office,...
by Reserve Bank of India | On 19 Sep 2007 A review of the recent developments in the Indian Economy. Review of the trends in monetary policy challenges globally and for emerging market economies (EMEs) in particular. The monetary policy frame...
by Y V Reddy | On 10 Sep 2007 There is a change in the financial scenario. Any sustained bout of fair weather on the markets creates business excesses as investors and consumers start discounting risk more and more. So it is healt...
by T.N. Ninan | On 20 Aug 2007 Financial contagion is dangerous because you don’t know where it will hit, and how hard. Every country has to remmber this and make arrangements so that a criris does not repeat as happenend in 1997 (...
by T.N. Ninan | On 13 Aug 2007 While the Bill promotes the activities of MFOs, there are
differing opinions on the cost efficiency of the MFO model.
�� NABARD is designated as the regulator of the micro financial
s...
by Kaushiki Sanyal | On 08 Aug 2007 The Micro Financial Sector (Development and Regulation) Bill,
2007 seeks to promote the sector and regulate micro financial
organisations (MFO).
National Bank for Agriculture and Rural D...
by Ministry of Law | On 08 Aug 2007 An overview of domestic and global macroeconomic developments [Valedictory address at the High Powered Macroeconomic Workshop organised by the State Bank of India].
by Rakesh Mohan | On 08 Aug 2007 This paper tries to advance the perspective that the poor and the marginalized in society lack a sense of “participatory equity,” by building a new model where a person’s community identity matters, e...
by Kaushik Basu | On 07 Aug 2007 A talk with Nobel economics laureate Robert Mundell on how Beijing can keep the yuan’s value fixed and still avoid inflation. China’s high balance of payments surplus and pressure on the yuan could be...
by Hugo Restall | On 04 Aug 2007 Satisfuy China's Demand for Money by Hugo Restall
Monetary Policy: China’s Last Option: Let the Yuan Soar by Michael Pettis
Stop the Specter of a Rising Rupee by Vivek Moorthy
Hong Kong’s Arreste...
by FEER | On 04 Aug 2007 This paper is an attempt to bring out different needs of elders from different backgrounds and socio-economic groups. The main aim of the paper is to help policy makers in identifying these difference...
by Habibullah Ansari | On 02 Aug 2007 *Bank Rate kept unchanged
*Cash Reserve Ratio to be increased by 50 basis points to 7.0 per cent with effect from
the fortnight beginning August 4, 2007
*GDP growth projection for 2007-08...
by Y V Reddy | On 31 Jul 2007 The report is a compilation of quantitative information with regard to external reserves, such as, level of foreign exchange reserves, sources of accretion to foreign exchange reserves, external liabi...
by Reserve Bank of India | On 26 Jul 2007 The historical development of statistics in India is outlined. The application of statistics in RBI and the areas where statisticians can contribute significantly are also given [Speech delivered on T...
by Rakesh Mohan | On 10 Jul 2007 In emerging markets and economies with limited supplies of potable water, the current monetary policy governing water distribution has failed or will eventually fail. This paper offers an alternative...
by Michael P. Jackson | On 09 Jul 2007 The lecture focuses on some implications -- both positive and normative -- of the most surprising development in the international financial system over the last half dozen years. That development is...
by Lawrence H. Summers | On 05 Jul 2007 The relationship between Indian macro-economic factors and economic growth has been analyzed by a number of empirical studies. This paper re-examines the sources of variability in the Indian economy f...
by Bharat Chadha | On 26 Jun 2007 Earlier this year, the Indian government’s High Powered Expert Committee (HPEC) put forward its recommendations on how Mumbai could be made into an International Financial Center. The HPEC’s report co...
by Sanjeev Sanyal | On 19 Jun 2007 In this speech to the staff of the Reserve Bank of India delivered on May 14, 2007 at the RBI, Central Office, Mumbai, the author offers some comments on the challenges posed by financial liberalisati...
by Christian Noyer | On 13 Jun 2007 Aa framework for the analytical treatment of terrorist problems is suggested and then brings out the importance of financial and socio-economic factors. The framework classifies the various causes of...
by Siddhartha Mitra | On 31 May 2007 The paper has argued that to expand coverage of micro-pensions, social entrepreneurship (along with social responsibility) will be needed by the financial sector, including the MFIs, insurance compani...
by Mukul Asher | On 08 May 2007 This article analyses the importance of international commercial service transactions relating to both trade and investment, which form an essential element of analyzing production fragmentation and e...
by Mukul Asher | On 17 Apr 2007 The world poultry-meat industry is growing the fastest among all the meat categories due to increasing concerns for health, safety, convenience and variety, and price-competitiveness. Issues related t...
by Subrata Mitra | On 08 Mar 2007 Theoretical literature identifies two variants of crowding out in an economy–real and financial. The real (direct) crowding out occurs when the increase in public investment displaces private capital...
by Lekha S. Chakraborty | On 17 Feb 2007 This paper discusses the integration of religious minorities in China, in particular, of the Hui Muslims. From the pre-Islamic relations between Arabia and China, to the Song period, the Mongol period...
by Donald Daniel Leslie | On 14 Dec 2006 There is no denying that for financiers, Singapore has plenty of buzz these days.
When a large European bank held a reception there recently for its prime brokers to meet potential hedge fund clients...
by Hugo Restall | On 09 Nov 2006 Introduction: Regional integration in Asia editorial by Ramkishen S. Rajan
Production fragmentation and trade integration: East Asia in a global context by
Prema-chandra Athukorala and Nobuaki Yamas...
by The North American Journal of Economics and Finance | On 05 Nov 2006 Are Singapore’s efforts to become a leading regional financial center gaining as much traction as the recent buzz over hedge funds would lead one to believe?
by Hugo Restall | On 03 Nov 2006 * Repo Rate increased to 7.25 per cent from 7.0 per cent.
* The flexibility to conduct overnight repo or longer term repo including the right to accept or reject tender(s) under the LAF, wholl...
by Reserve Bank of India | On 31 Oct 2006 Given the divergence in economic and institutional structures in the region, any attempt to create a common currency absent macroeconomic policy coordination and mechanism for automatic intra-regional...
by Ramkishen S. Rajan | On 30 Oct 2006 Given the divergence in economic and institutional structures in the region, any attempt to create a common currency absent macroeconomic policy coordination and mechanism for automatic intra-regional...
by Ramkishen S. Rajan | On 30 Oct 2006 In the light of the observations of the Supreme Court in its order dated 17th
April 2006, the Prime Minister constituted the Sardar Sarovar Project Relief &
Rehabilitation Oversight Group. The manda...
by V.K. Shunglu | On 28 Jul 2006 The Mckinnon-Shaw Hypothesis, in its’ various forms, is now thirty years old. This paper attempts to survey the literature on the Mckinnon-Shaw Hypothesis and tries
to draw out some of the recurrent...
by Firdu Gmech | On 02 Jun 2006 The Reserve Bank of India, in its Annual Policy Statement on April 28, 2005, for the year 2005-06, announced its intention to reorient government debt management
operations entailing functional separ...
by Charan Singh | On 14 Apr 2006 Despite numerous empirical studies examining various facets of the topic, the degree of intraregional financial integration in East Asia remains a matter of vigorous debate. This paper offers a select...
by Tony Cavoli | On 07 Feb 2006 The robust performance of the Indian economy continued during the second
quarter (July-September) of 2005-06. According to the Central Statistical
Organisation (CSO), the economy recorded a real GDP...
by Reserve Bank of India | On 02 Feb 2006 There has been a very rapid rise since the early 1990s in foreign reserves held by developing countries. These reserves have climbed to almost 30 percent of developing countries' GDP and 8 months of i...
by Dani Rodrik | On 27 Jan 2006 When analyzing the appropriate response for monetary policy during a currency
crisis it is important to keep in mind two distinct channels: (a) the impact of raising
interest rates on exchange rates...
by Ramkishen S. Rajan | On 27 Jan 2006 Contents
I. The Real Economy -- 1
Agricultural Situation
Industrial Performance
Business Expectations Surveys
Services Sector
II. Fiscal Situation 14
Combined Government Fi...
by Reserve Bank of India | On 25 Jan 2006 Report of the Expert Group
by Ministry of Finance | On 20 Jan 2006 Since the Asian crisis it has been recognized that exchange rate and monetary policy strategies must involve a “fairly high” element of flexibility rather than a single-minded defense of a particular...
by Ramkishen S. Rajan | On 19 Jan 2006 Lecture at RIS, New Delhi December 2005
by Ramkishen S. Rajan | On 12 Jan 2006 This paper outlines a proposal for a controlled approach to capital account
liberalization for economies experiencing large capital inflows. The proposal essentially involves securitizing a portion o...
by Eswar S. Prasad | On 09 Dec 2005 There is a growing need to a more institutionalized economic arrangement in East
Asia. East Asia Economic Community might be an ideal form of such institution.
However, the road is still long and...
by A Damuri | On 23 Nov 2005 The Asian Age is coming and these are some of the factors aiding it. The reduction of the domestic market (decrease in population, development of service economy and increase in imports); Dissolution...
by Akira Yamasaki | On 22 Nov 2005 In order to advance regional integration in East Asia, there needs to be a rapid expansion of FTAs. The obstacles in promotion of FTAs need to be resolved. Some of the features in realising FTAs are:...
by Shujiro Urata | On 22 Nov 2005 Developments in the financial sector have led to an expansion in its ability to spread risks. The increase in the risk bearing capacity of economies, as well as in actual risk taking, has led to a ran...
by Raghuram G. Rajan | On 16 Nov 2005 The Indian tax reform experience can provide useful lessons for
many countries due to the largeness of the country with multilevel fiscal
framework, uniqueness of the reform experience and difficult...
by M.Govinda Rao | On 10 Nov 2005 Essentially, the Outcome Budget (OB) as formulated now is nothing more than the performance budget with a promise that it would be extended to non-plan outlays too. As an idea, regardless of the labe...
by A. Premchand | On 20 Sep 2005 |