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Adverse Selection and Credit Certificates: Evidence from a P2P Platform

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

by Maggie Rong Hu | On 24 Apr 2019

The Growing Importance of Consumer Finance for Financial Inclusion in India

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

The Way Forward for Personal Insolvency in the Indian Insolvency and Bankruptcy Code

This paper describes the Indian credit market and presents an argument for the need for personal insolvency law. It provides a brief overview of the provisions on personal insolvency in the IBC. It ma...

by Renuka Sane | On 30 Jan 2019

Optimal Regulation of P2P Lending for Small and Medium-Sized Enterprises

This paper describes and evaluates the range of P2P lending systems on offer to small and medium-sized enterprises (SMEs) in several countries, considering different regulatory regimes. In some countr...

by Naoko Nemoto | On 07 Jan 2019

Marketing: The Crucial Success Factor for Pakistan’s Credit Guarantee Scheme

This paper, confines the focus to a discussion of how inadequate marketing diluted the scheme’s impact. Specifically, several commercial banks could not tailor elements of their marketing mix—includin...

by Talha Nadeem | On 03 Jan 2019

The Role of SMEs in Asia and Their Difficulties in Accessing Finance

Small and medium-sized enterprises (SMEs) are the backbone of the Asian economy. They make up more than 96% of all Asian businesses, providing two out of three private-sector jobs on the continent. Th...

by Naoyuki Yoshino | On 02 Jan 2019

Skewed Credit and Growth Dynamics after the Global Financial Crisis

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

Managing Credit Risk and Improving Access to Finance in Green Energy Projects

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

Credit Risk Reduction Effect on Small and Medium- Sized Enterprise Finance Through the Use of Bank Account Information

This paper verifies the impact of bank account information, such as information on deposits and withdrawals, that is not necessarily fully accounted for in conventional internal ratings and that can a...

by Naoko Nemoto | On 10 Aug 2018

Young Enterprises and Bank Credit Denials

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

Understanding Gendered Empowerment Through a Government-run Microfinance Programme: The case of Stree Shakti in Karnataka

The report indicated a widespread stagnation of women’s work participation in poorer districts, a narrowing of their work, income, prospects and opportunities, growing wage differentials between men a...

by Centre for Budget and Policy Studies CBPS | On 23 Mar 2018

Measuring the Equilibrium Impacts of Credit: Evidence from the Indian Microfinance Crisis

In October 2010, the state government of Andhra Pradesh, India issued an emergency ordinance, bringing microfinance activities in the state to a complete halt and causing a nation-wide shock to the li...

by Emily Breza | On 10 Mar 2018

Sexual Violence and The Culture of Impunity in Nagaland

The paper says that perpetrators of sexual violence escape justice, while their victims are trapped between exhortations by women's advocacy groups not to ‘suffer quietly' and the social stigma attach...

by Dolly Kikon | On 20 Feb 2018

Economic Survey 2017: Volume II: Chapter 3: Monetary Management and Financial Intermediation

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

Green Paper on Farmers, Farming and Rural Economy: 4 Years… 4 Budgets: What has this Central Government Delivered?

most of the major policy measures promised by this government to the Indian farmers have not seen the light of the day. No social security measures have been taken for farmers above the age of 60 or...

by ASHA Kisan Swaraj Alliance | On 31 Jan 2018

Monetary Policy and Credit Demand in India and Some EMEs

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

Creating Good Employment Opportunities for the Rural Sector

This paper examines the potential for sector-specific productivity growth, human capital, credit markets, and infrastructure to contribute to the development of stable, well-paid employment in rural a...

by | On 20 Nov 2017

Knowledge attitude and practice survey on social protection schemes in selective districts

The study focus on the existing social assistance schemes targeted towards the extreme poor.

by Rabia Tabassum | On 16 Nov 2017

Watching India's Insolvency Reforms: A New Dataset of Insolvency Cases

This paper introduces a new dataset of orders passed by the National Company Law Tribunal (NCLT) in the insolvency cases under the Insolvency and Bankruptcy Code or IBC. It builds this dataset to atte...

by Sreyan Chatterjee | On 18 Sep 2017

Slowdown in Bank Credit Growth: Aggregate Demand or Bank Non-Performing Assets?

This paper tests the bank lending channel against the aggregate demand channel as an explanation for slow credit growth by estimating the determinants of credit and of non- performing assets (NPAs) us...

by Ashima Goyal | On 15 Sep 2017

Public Health Innovation and Intellectual Property Rights

The World Health Organization considered that its mission demanded it should play a part in this debate, with the objective of illuminating how intellectual property rights might affect public health...

by World Health Organisation (WHO) | On 14 Sep 2017

Augmenting Small Farmers Income Through Rural Non-Farm Sector: Role of Information and Institutions

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

'Urban Bias' in the Flow of Funds and Deposit Mobilisation: Evidence from Karnataka, India

The paper argues that as bankers consider deposits a means for security, easy and attractive deposit schemes should be introduced in rural areas.

by Gagan Bihari Sahu | On 23 Aug 2017

Demonetisation: Macroeconomic Implications for Indian Economy

The present paper attempts to explore the macroeconomic implications of the “demonetisation” exercise announced on November 8, 2016, for the Indian economy on three board parameters of growth, distrib...

by Pradymna Rawat | On 09 Aug 2017

Risk-weighting under Standardised Approach of Computation of Capital for Credit Risk in Basel Framework – An Analysis of Default Experience of Credit Rating Agencies in India

The paper attempts to find out whether the credit risk regulatory capital of Indian banks is commensurate with the default experience associated with ratings assigned by the Indian rating agencies. Th...

by Ajay Kumar Choudhary | On 04 Aug 2017

Does Government Borrowing Crowd out Private Sector Credit in Pakistan

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

Cooking Contests for Healthier Recipes: Impacts on Nutrition Knowledge and Behaviors in Bangladesh

Many poverty alleviation programs aiming to enhance nutrition include behavior change communication (BCC). This study uses a field experiment in Bangladesh to assess the impacts of BCC, focusing on...

by Berber Kramer | On 31 Jul 2017

Business Models to Realize the Potential of Renewable Energy and Energy Efficiency in the Greater Mekong Subregion

The report provides outlines of business models relevant to pursuing the renewable energy and energy efficiency targets adopted by the five Greater Mekong Subregion countries: Cambodia, the Lao People...

by Asian Development Bank Institute | On 20 Jul 2017

From Participation To Repurchase: Low Income Households And Micro-Insurance

The paper asks what drives insurance coverage in low income households by analysing repurchase patterns of micro-insurance policies. The paper uses data on customers of a financial services provider...

by Renuka Sane | On 03 May 2017

Demonetization, the Cash Shortage and the Black Money

Demonetisation of INR 500 and INR 1,000 notes in India on November 8, 2016 is different from many other countries’ scrapping of high value notes in two respects – the withdrawal of their legal tende...

by Ashok K. Lahiri | On 02 Jan 2017

Digital Payments: Step by Step Instructions for Various Modes of Payment-Cards, USSD, AEPS, UPI, Wallets

After the demonetization, it has become difficult to make payments through cash. How make digital payments is explained here. [MoEF].

by Niti Aayog GOI | On 14 Dec 2016

Craft Clusters and Work in Rural India: An Exploration

With the farm sector continuing with unimpressive performance in terms of the growth of value of output, agricultural infrastructure and also sustained massive rise in the landless agricultural labo...

by Keshab Das | On 28 Nov 2016

Demonetisation: Impact on the Economy

The argument posited in favour of demonetisation is that the cash that would be extinguished would be “black money” and hence, should be rightfully extinguished to set right the perverse incentive s...

by | On 17 Nov 2016

A Stagnant Agriculture in Kerala: The Role of the State

The paper shows that disincentives generated by the successive governments in Kerala through imposing artificial barriers on the freedom of farmers and agricultural entrepreneurs resulted in the coll...

by Lekshmi R Nair | On 08 Nov 2016

Asset Quality of Indian Banks: Way Forward

The Indian banks in general, and the Public Sector Banks (PSBs) in particular, are grappling with the huge stock of stressed assets that has piled up in the system over the years. Any amount of discus...

by N.S. Viswanathan | On 19 Sep 2016

Who Takes a Call on Price Stability, the Government or the RBI?

The question here is, whether it’s the responsibility of the Government or the Central Bank to ensure price stability in an economy? For instance, what was the role of the RBI when the prices of pulse...

by Deepthi Mary Mathew | On 07 Sep 2016

ABCD of MSME Credit

According to MSME Ministry’s Annual Report for 2015-16, MSME sector in India today is a network of 51 million enterprises providing employment to 117.1 million persons and contributing 37.5 per cent...

by S.S. Mundra | On 29 Aug 2016

Microcredit Program Participation and Household Food Security in Rural Bangladesh

We use a relatively new and unique panel dataset collected from rural households in Bangladesh to examine the effect of microcredit program participation on household food security. The main distingui...

by | On 25 Aug 2016

Credit Surety Fund: A Credit Innovation for Micro, Small, and Medium-Sized Enterprises in the Philippines

Micro, small, and medium-sized enterprises are a backbone of the Philippine economy. One factor that hinders the growth of these enterprises is their difficulty in accessing finance from banks and o...

by Gary V Maningo | On 19 Aug 2016

Optimal Domestic (And External) Sovereign Default

Infrequent but turbulent episodes of outright sovereign default on domestic creditors are considered a “forgotten history” in Macroeconomics. This paper proposes a heterogeneous-agents model in which...

by Pablo D'Erasmo | On 17 Aug 2016

The Dominant Borrower Syndrome: The Case of Pakistan

The pressure fiscal expansion exerts on the economy via credit markets in Pakistan is analysed. Melina and Villa (2014) is extended by allowing government to compete with the private borrowers (firms...

by Sajawal Khan | On 16 Aug 2016

Productivity of Agricultural Credit in India: Assessing the Recent Role of Institutional Credit to Agriculture in India using State Level Data

the study has been able to highlight the increasing role that agriculture credit is playing in supporting agriculture production in recent times- credit accounted for 16% of the total value of paid...

by Sudha Narayanan | On 10 Aug 2016

Policy and Evidence

There has to be evidence in the policy dialogue. Some may believe that all it takes to convince the body politic of the necessity to choose one policy over another is to present the evidence, complete...

by Raghuram G. Rajan | On 03 Aug 2016

Operational Guidelines: Pradhan Mantri Fasal Bima Yojana

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

From participation to repurchase: Low-income households and micro-insurance

The paper asks what drives insurance coverage in low-income households by analysing repurchase patterns of micro-insurance policies. It uses data on customers of a financial services provider from thr...

by Renuka Sane | On 26 Jul 2016

The Impact of Micro-Credit on Employment: Evidence from Bangladesh and Pakistan

This paper examines the impact of micro-credit on employment. Household-level data was collected, following a quasi-experimental design, in Bangladesh and Pakistan. Three borrower groups are compared:...

by Azhar Kahn | On 19 Jul 2016

Searching for Religious Discrimination among Anganwadi Workers in India: An Experimental Investigation

This paper examines whether, in India, discriminatory practices by government-employed child caregivers along religious lines, lead to differential health outcomes among the care receiving children. C...

by Utteeyo Dasgupta | On 19 Jul 2016

A More Sustainable Energy Strategy for India

This paper analyses what is possible as a low carbon scenario for India using India Energy Security Scenarios-2047 tool developed by the erstwhile Planning Commission and later refined by its successo...

by Montek Ahluwalia | On 19 Jul 2016

Evolution of the insolvency framework for non-financial firms in India

In this paper, the evolution of the corporate insolvency resolution framework, with the objective of linking it back to the policy directive of the time is described. It is concluded that when policy...

by Rajeswari Sengupta | On 09 Jul 2016

All India Report on Input Survey 2011-12

The third phase of the Agriculture Census comprises the Input Survey. This survey provides valuable information on the pattern of usage of agricultural inputs such as chemical fertilizers, organic man...

by Department of Agriculture & Cooperation GOI | On 07 Jul 2016

Resolving Stress in the Banking System

The slowdown in credit growth has been largely because of stress in the public sector banking and not because of high interest rates. As such, what is required is a clean-up of the balance sheets of p...

by Raghuram G. Rajan | On 29 Jun 2016

How Successful Are Banking Sector Reforms in Emerging Market Economies? Evidence from Impact of Monetary Policy on Levels and Structures of Firm Debt in India

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

Can War Foster Cooperation?

In the past decade, nearly 20 studies have found a strong, persistent pattern in surveys and behavioral experiments from over 40 countries: individual exposure to war violence tends to increase social...

by Michal Bauer | On 24 Jun 2016

Landed Property and Credit in Colonial India

The chapter tries to identify three dimensions of land rights – the type of ownership, tenants’ rights, and the right to transfer – to categorise the diversity of land tenures in colonial India. Also,...

by Anand Swamy | On 08 Jun 2016

Does Agricultural Credit Play Any Role in Reducing Rural Poverty in Bangladesh?

Since its independence the government of Bangladesh had taken various measures to reduce the intensity of poverty on rural people in Bangladesh. Therefore, the purpose of this study is to examine wh...

by Mahfuza Akther | On 20 May 2016

Reforming Personal Insolvency Law in India

This paper motivates the need for a personal bankruptcy law, and study the existing Indian legal framework in the form of the Presidency Towns Insolvency Act, 1909 (PTIA) for Calcutta, Bombay and Mad...

by Siva Raman | On 02 May 2016

Foreign Exchange Markets, Intervention and Exchange Rate Regimes

The paper describes the institutional features of these markets, with special emphasis on the process of liberalization and deepening in Indian FX markets, in the context of global integration. Since...

by Ashima Goyal | On 02 May 2016

‘Credit’ Transfer, ‘Capital’ Gains and Intellectual Property in the University: Points from a Case Study

An absolute insistence on profits in numbers is increasingly driving the modern University system today. The insistence on metrics as an index of scholarship has entailed a shift toward the market mod...

by Pramod K. Nayar | On 02 May 2016

Issues in SME Financing

This study has been undertaken to examine the maladies and conceivable remedies that associate with Small and Medium Enterprises and related establishments in India. The researcher uncovers a myriad o...

by | On 29 Apr 2016

A Survey on Impact of Social Media on Election System

Social media is the primary resource for the information retrieval. Using the text mining field; huge amount of unstructured textual data collected by social media can be converted and displayled as u...

by Nilesh Alone | On 28 Apr 2016

Distortions in Land Markets and their Implications to Credit Generation in India

Land and buildings are a preferred collateral for lenders in India due to its ease of valuation and disposal in the event of default. Yet several distortions afflict Indian land markets that make thi...

by K.P. Krishnan | On 12 Apr 2016

Optimal Monetary Policy in the Presence of Sizable Informal Sector and Firm Level Credit Constraint

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

Do Foreign Banks in India Indulge in Cream Skimming?

Foreign banks in developing countries are often found to indulge in cream skimming, a lending strategy that targets only wealthy segments of the credit market and exclude small and marginal borrowers...

by Mandira Sarma | On 16 Mar 2016

Basel I and Basel II Compliance: Issues for Banks in India

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

A Note on Excess Money Growth and Inflation Dynamics: Evidence from Threshold Regression

We test the effect of excess money growth on inflation using Threshold Regression technique developed by Hansen (2000). The empirical test is conducted using annual data from India for the period from...

by Saumitra N Bhaduri | On 13 Mar 2016

Careful Stewardship: Managing Myanmar's Bumpy Road Ahead

Myanmar’s transition process has proceeded apace with significant results already achieved. However, bumps are to be expected on the road ahead which may temporarily throw Myanmar off track. Thus ther...

by | On 12 Mar 2016

An Introduction to the 1998-99 Pakistan Socioeconomic Survey (PSES)

This brief paper is quite focused. It describes the methodology and scope of the household survey carried out by the PIDE between March and July 1999, with an aim to generate nationally representative...

by G. M. Arif | On 10 Mar 2016

Designing for the Other: Using Knowledge to Upgrade Manufacturing in the Garment Industry

The first purpose of this paper is to theorize on the kind of knowledge that firms need in order to upgrade. The second purpose is to discuss some specific ways to upgrade, especially given the proble...

by | On 09 Mar 2016

"Direct Access" to Climate Finance: Lessons Learned by National Institutions

Implementation of the Adaptation Fund and GCF direct access modalities is still in a relatively early stage. (The Adaptation Fund accredited its first implementing entities in 2010; the GCF did so in...

by Indira Masullo | On 29 Feb 2016

Growth Pole Programme For Unorganised Sector Enterprise Development

Government of India constituted the National Commission for Enterprises in the Unorganised Sector (NCEUS) in September 2004 as an advisory body and a watchdog for the informal sector to bring about im...

by National Commission for Enterprises in the Unorgan NCEUS | On 29 Feb 2016

Rising Milk Price – A Cause for Concern on Food Security

Continuous rise in food prices has been posing a serious policy challenge in India. Milk is a major contributor to the food price rise due to its high growth in demand in the domestic and internationa...

by S. Rajeshwaran | On 27 Feb 2016

Economic Survey 2015-16-Volume II

India’s growth story has largely remained positive on the strength of domestic absorption, and the country has registered a robust and steady pace of economic growth in 2015-16 as it did in 2014-15....

by Arun Jaitley | On 26 Feb 2016

Cheating in the Lab Predicts Fraud in the Field: An Experiment in Public Transportations

We conduct an artefactual field experiment using a diversified sample of passengers of public transportations to study attitudes towards dishonesty. We find that the diversity of behavior in terms of...

by | On 26 Feb 2016

Improving the Business Climate in NTT: The Case of Agriculture Trade in West Timor

Efforts to improve the business climate in East Nusa Tenggara (NTT) Province are still facing significant obstacles. Moreover, a healthy business climate is needed to create conditions conducive to ha...

by Widjajanti Suharyo | On 24 Feb 2016

Sustainable Sand mining Management Guideline

Removing sediment from the active channel bed in river sand mining interrupt the continuity of sediment transport through the river system, disrupting the sediment mass balance in the river downstream...

by Ministry of Environment, Forests and Climate Chang GOI | On 24 Feb 2016

The Determination of Contracts in Agricultural Economies

This paper aims to analyze how contracts are determined and modified given diverse agricultural settings and to examine the implications of these changes with respect to their efficiency, distribution...

by Leonardo Lanzona | On 24 Feb 2016

The Economic Effects of a Borrower Bailout Evidence from an Emerging Market

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

Exchange Market Pressure and Monetary Policy: Evidence from Pakistan

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

Supply Chains and Credit-Market Shocks: Some Implications for Emerging Markets

Driven by the increasingly important role of supply chains in global production, this paper studies empirical association between global credit-market shocks and firm behavior towards liquidity needs...

by Yothin Jinjarak | On 16 Feb 2016

Link between the financial inclusion and Economic Growth: Unconventional Monetary Policy in Bangladesh

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

Impact Assessment of Bangladesh Bank's Re-finance Scheme for Financing Agricultural & Non-farm Rural Borrowers of Bangladesh Krishi Bank and Rajshahi Krishi Unnayan Bank

The main objective of this study report is to find out the impact(s) of the refinance scheme of Bangladesh Bank (BB) through comparing the economic well-being of the target group people who have taken...

by Md. Julhas Uddin | On 15 Feb 2016

Basel II and Bangladesh: The Challenges Ahead

Basel II consists of three pillars such as Pillar I, II and III. Implementation of this New Accord is a challenge for many developing countries including Bangladesh. This study has made an attempt to...

by Md. Kabir Ahmed | On 15 Feb 2016

Save and Grow in practice: maize, rice, wheat

FAO’s best-selling 2011 publication, Save and Grow, proposed a new paradigm of agriculture, one that is both highly productive and environmentally sustainable. This new book looks at the application o...

by Food and Agricultural Organization [FAO] | On 08 Feb 2016

Crowding Out in the Labour Market: Do Employers Lend a Hand?

We test the basic assumption underlying the job competition and crowding out a hypothesis: that employers always prefer higher educated to lower educated individuals. To this end, we conduct a randomi...

by Dieter Verhaest | On 07 Feb 2016

Effect of Credit Rating on Firm Performance and Stock Return: Evidence form KSE Listed Firms

This study investigates the determinants of credit ratings of firms and the impact of credit rating on firms’ performance and stock return for listed firms in Pakistan. For empirical analysis of this...

by Rubina Shaheen | On 03 Feb 2016

The Determinants of the Turkish Position towards the Syrian crisis: The Immediate Dimensions and Future Repercussions

This research paper aims at studying the elements determining the Turkish position towards the Syrian crisis, especially in the period ranging from the start of the protests in mid-March 2011 to the b...

by Ali Bakir | On 02 Feb 2016

The Arab Opinion Project: The Arab Opinion Index

The Arab Opinion Index project is currently the largest of its kind. It covers 12 countries, representing 85 percent of the population of the Arab world. The Index compiles the findings of 16,173 face...

by Arab Center for Policy Studies | On 02 Feb 2016

Does It Pay to Care? Prosocial Engagement and Employment Opportunities

We investigate whether, why and when prosocial engagement has a causal effect on individual employment opportunities. To this end, a field experiment is conducted in which volunteering activities are...

by Suncica Vujic | On 02 Feb 2016

The Compromise Effect in Action: Lessons from a Restaurant’s Menu

The compromise effect refers to individuals’ tendency to choose intermediate options. Its existence has been demonstrated in a large number of hypothetical choice experiments. This paper uses field da...

by | On 02 Feb 2016

Palestinian Refugees and the Syrian Revolution

Relying on statistics collected in the field, this study examines the involvement of Palestinians in the Syrian Revolution. Politically, this issue has generated heated debates among observers due to...

by | On 01 Feb 2016

Research Imperatives for the Indian Banking Sector

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

Relationship between Credit Rating, Capital Structure and Earning Management Behaviour: Evidence from Pakistani Listed Firms

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

Cyber Attacks: The Electronic Battlefield

The phenomenon of cyberattacks has produced a host of challenges. This analysis attempts to comprehensively describe the “operational” element of cyberattacks and deal with the notion of cyberspace. I...

by | On 29 Jan 2016

Synthesis of Important Discussions on Microfinance and Livelihood Support to Small and Marginal Farmers

This publication incorporates all the discussions on marginal and small farmers such as micro financing for agricultural value chains, MahilaKisanSashaktikaranPariyojna, MF for small farmers through e...

by United Nations Development Programme (UNDP) | On 27 Jan 2016

Power to Women through Finance: Revisiting the Microfinance Promise

The relationship between women’s access to credit and their empowerment is a theme that seems to have lost much of its sheen and sharpness during the phase of commercialization of microfinance in Indi...

by Tara Nair | On 26 Jan 2016

Nexus among Output, Inflation and Private Sector Credit in Bangladesh

This study examines the relationship if any among economic growth (output), private sector credit and inflation in Bangladesh. In many developed and developing countries, private sector credit has pla...

by Sayera Younus | On 23 Jan 2016

Prospects and Challenges of Bond Market Development in Bangladesh

The thin bond market in Bangladesh faces manifold challenges emanating from several sources including excessive reliance on bank credit, government debt instruments dominated by primary auction based...

by Md. Akhtaruzzaman | On 23 Jan 2016

The SLR as a Monetary Policy Instrument in Bangladesh

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

Child Migration in National Surveys

Migration has acquired increasing importance globally in recent years. However, there has remained a paucity of adequate data on the numbers and characteristics of migrants. Indeed, it has been widely...

by | On 20 Jan 2016

Mapping of Nutrition Teaching and Training Initiatives in India: The Need for Public Health Nutrition

India also tops the charts globally in the prevalence of risk factors for several chronic diseases. Although Public Health Nutrition (PHN) - both as an academic field as well as a means to improved he...

by Shweta Khandelwal | On 19 Jan 2016

The Laboratory and its Double: The Making of the Scientist-Citizen at TIFR

If the utopian ideals of Bhatnagar with which we began our journey saw science as existing without national boundaries, Bhabha’s institute which attempted to mirror that utopian ideal focused on erasi...

by Indira Chowdhury | On 19 Jan 2016

Implementation of Basel III Liquidity Risk Framework in India – Regulatory Perspective

The liquidity framework of Basel III assumes added significance for banks in India and many banks have been approaching us to comprehend the finer points of the liquidity regulations, as also with req...

by Reserve Bank of India RBI | On 18 Jan 2016

Banking Crises and 'Japanization': Origins and Implications

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

Myanmar’s Agriculture Sector: Unlocking the Potential for Inclusive Growth

Myanmar’s agriculture sector offers substantial unexploited potential to underpin the country’s inclusive economic development. With extensive land, water, and labor resources, as well as proximity to...

by Jindra Samson | On 29 Dec 2015

Why Do SMEs Not Borrow More from Banks? Evidence from the People's Republic of China and Southeast Asia

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

State Capacity for Pro-Poor Delivery: Constructing Ownership, Forging Accountability

Severe chronic poverty persists in India, partly because of the poor capacity of the state in India to provide for its poor. An action research project, underway in five poorest districts in the count...

by Sajjad Hassan | On 23 Dec 2015

Gender and Financial Inclusion through the Post

Women form a disproportionately large share of the world’s unbanked population. Gender inequalities in employment and earnings mean that women have lower incomes, making them less able to open account...

by | On 21 Dec 2015

FDI into India’s Manufacturing Sector via M&As: Trends and Composition

The paper provides evidence to India’s strategy towards FDI in the post-1991 period has been to attract large amount of FDI by offering it freedom of entry and operation. However, India failed to attr...

by Vipin Negi | On 18 Dec 2015

Why Minimum Wage Increases Are a Poor Way to Help the Working Poor

Minimum wage increases are not a very effective mechanism for reducing poverty. They are not related to decreases in poverty rates. They can cost some low-income workers their jobs. And most minimum w...

by Richard Burkhauser | On 16 Dec 2015

Is Access to Loan Adequate for Financing Capital Expenditure? A Household-level Analysis on Some Selected States of India

This paper attempts to identify the factors that determine access to credit for financing capital expenditures across selected developed, less developed and middle performing states in India. Using a...

by Meenakshi Rajeev | On 16 Dec 2015

Twenty Sixth Report on Insolvency Laws

The Report brings out the different aspects of the insolvency laws which has a two-fold purpose- (i) to give relief to the debtor from the harassment of his creditors whose claims he is unable to meet...

by Ministry of Law and Justice GOI | On 25 Nov 2015

Social Norms and Governance: The Behavioral Response to Female Leadership

Women in leadership positions make different policy choices compared to men. An increase in the proportion of female leaders can therefore alter both the nature of governance as well as the types of p...

by Pushkar Maitra | On 23 Oct 2015

The Influence of Industry Financial Composition on the Exports from Pakistan

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

Panchayats and Household Vulnerability in Rural India

This paper tries to assess the impact of coping strategies on household welfare. The paper tries to identify the components of vulnerability to better focus policy. India, particularly rural India, h...

by Raghbendra Jha | On 12 Oct 2015

Soil Health: Issues and Concerns - A Review

This paper brings out the importance of soil fertility management (SFM) with respect to agricultural production and livelihood contribution to the rural people. It looks into the farmers' own knowledg...

by B. Suresh Reddy | On 08 Oct 2015

Food Security, Productivity, and Gender Inequality

This paper examines the relationship between gender inequality and food security, with a particular focus on women as food producers, consumers, and family food managers. The discussion is set against...

by Bina Agarwal | On 29 Sep 2015

Health Shocks and Short-Term Consumption Growth

Health shocks can affect the household economy through a substantial rise in out-of-pocket medical expenditure and/or loss of income. In such a situation, households use a range of coping mechanisms t...

by Sowmya Dhanaraj | On 14 Sep 2015

Debt-Bondage Slavery in India

There have been numerous investigations in recent years to determine the incidence and prevalence of modern slavery worldwide, and debt bondage in India has been found to be the most extensive form of...

by Sarah Knight | On 10 Sep 2015

Excess Food Stocks, PDS and Procurement Policy

This planning commission paper tries to examine some of the factors that have led to accumulation of excess food grain stocks and make policy prescription on how to deal with the problem of surplus fo...

by Arvind Virmani | On 25 Aug 2015

Safety First

Global market is in a turmoil. How can India have a stable economy? There are no easy solutions but to play safe.

by T.N. Ninan | On 21 Aug 2015

Impact of Bank Credit on Economic Growth in Nepal

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

A Review of the Accreditation System for Philippine Higher Education Institutions

This paper reviewed the existing accreditation processes and roles of accrediting bodies of Philippine to present a clearer perspective on the current situation of higher education institutions. Simil...

by Marites M. Tiongco | On 20 Jul 2015

Waste Pickers in Pune, India

Recent statistics show the majority of workers in developing countries earn their livelihoods in the informal sector. For this paper, a sample of 150 was randomly drawn from the membership database of...

by Poornima Chikarmane | On 06 Jul 2015

The Field Strikes Back : Decoding Narratives of Development

Based on the author’s intensive fieldwork in rural West Bengal and the adjoining state of Jharkhand in India, the paper seeks to reveal how the field, beyond its geographical connotation, becomes an a...

by Dipankar Sinha | On 03 Jul 2015

Agricultural Credit and its Impact on Farm Productivity: A Case Study of Kailali District

This study was carried out by Banking Development and Research Unit of Nepal Rastra Bank, Dhangadhi Office. The study aims at exploring the problems related to the procurement and use of agricultural...

by Nepal Rastra Bank NRB | On 26 Jun 2015

Report of the Working Group on Outreach of Institutional Finance, Cooperatives and Risk Management for the 12th Five Year Plan (2012-17)

The working group is of the opinion that the credit strategy should be aligned to agriculture growth strategy which in turn has to address broader macro economy concerns of supply management and issu...

by Planning Commission | On 21 May 2015

Capital for House-Based Industries: A Case Study in West Bengal

The lack of access to formal credit at affordable cost (effective interest) is the most critical constraint faced by the rural entrepreneurs to get involved in productive profitable business activit...

by Shrabani Mukherjee | On 27 Mar 2015

Financing for Infrastructure Investment in G-20 Countries.

This study looks into various sources of financing infrastructure and the demands for infrastructure investments and highlights the mismatch between demand and supply of funds for infrastructure finan...

by Ramprasad Sengupta | On 11 Feb 2015

The Productivity of Agricultural Credit in India

This study examines the nature of the relationship between formal agricultural credit and agricultural GDP in India, specifically the role of the former in supporting agricultural growth, using state...

by Sudha Narayanan | On 23 Jan 2015

Impediments to Contract Enforcement in Day Labour Markets: A Perspective from India

This paper focuses on one such setting in India's urban informal economy: the 'day labour' market for casual labour. We survey seven such markets in Navi Mumbai (a city on the outskirts of Mumbai),...

by Karthikeya Naraparaju | On 12 Dec 2014

Anomaly in Decision Making Under Risk: Violation of Stochastic Dominance Among Farmers in Gujarat, India

This study investigates farmers' decision making under risk by eliciting their willingness to pay (WTP) for hypothetical risky income distributions. To inquire whether farmers behave differently whe...

by Thiagu Ranganathan | On 27 Oct 2014

Banking Renaissance: Inclusion, Innovation and Implementation

Innovative measures needed in our banking sector which would render it more inclusive, vibrant, productive, efficient and above all, customer-centric. [ seventh Annual Banking Conference “Bank on it ,...

by S.S. Mundra | On 17 Oct 2014

Institutional Credit in Rainfed Areas: District Level Analysis in Southern States

Dryland regions of the country, poorly endowed as they are with natural resources including water are likely to be disadvantaged in terms of access to credit. Within the dryland areas too inter-pers...

by Satyasai K J S | On 08 Oct 2014

A BRIC Development Bank: A Dream Coming True?

BRICS leaders have approved creating a new development bank which would fund long-term investment in infrastructure and more sustainable development. This paper documents the scale of unmet needs in t...

by Stephany Jones | On 21 Aug 2014

Dynamic Effects of Microcredit in Bangladesh

This paper uses long panel survey data spanning over 20 years to examine the dynamics of microcredit programs in Bangladesh. With the phenomenal growth of microfinance institutions representing...

by Shahidur R. Khandker | On 26 Apr 2014

India’s Development Cooperation: Charting New Approaches in a Changing World

This report first briefly delves into the historical context within which India's development cooperation must be seen and the role, objectives and the functioning of the DPA is explained. The report...

by Vivan Sharan | On 21 Jan 2014

Unilateral Facilitation Does Not Raise International Labor Migration from the Philippines

A large-scale randomized experiment was conducted in the Philippines testing the impact of unilaterally facilitating international labor migration. [BREAD Working Paper No. 396].

by Emily Beam | On 03 Sep 2013

National Urban Health Mission

The Union Cabinet gave its approval to launch a National Urban Health Mission (NUHM) as a new sub-mission under the over-arching National Health Mission (NHM).

by Anonymous | On 27 May 2013

Valuing the Damage Caused by Invasive Plant Species in a Low-income Community in Nepal

This paper presents a choice experiment designed to estimate the willingness-to-pay (WTP) of rural farmers to mitigate damages caused by invasive plant species, particularly Mikania micrantha, in the...

by Rajesh Kumar Rai | On 27 May 2013

Farm Productivity Loss due to Flood-Induced Sand Deposition: A Study in Dhemaji, India

It is widely believed that the decline in agricultural productivity in the Dhemaji district of Assam, India, is due to flood-induced sand depositions in paddy fields. Increased sand content reduces th...

by Kalyan Das | On 27 May 2013

Options and Determinants of Rice Residue Management Practices in the South-West Region of Bangladesh

This study examines options for managing rice residue and the factors that determine its management in the south-west region of Bangladesh. Study results indicate that while straw length, low-elevatio...

by Mohammed Ziaul Haider | On 29 Mar 2013

Repayment and Exclusion in a Microfinance Experiment

The experiment is designed to explore the effectiveness of such sanctions in improving repayment incentives. Groups of 10 members are provided with joint-liability loans for a specific investment pr...

by Jean Marie Baland | On 07 Mar 2013

Explaining Access to Credit by Rural Households: Results based on a Study of Several States in India

Against the backdrop of evolution of rural credit system in India as well as its observed failure to be inclusive in character, this paper makes use of a fairly large data set of the Center for Manage...

by Saugandh Datta | On 07 Mar 2013

Odisha Budget 2013-14: Part 1 Agriculture

Budget presented by Shri Prasanna Acharya. The first part contains the Agriculture Budget.

by Orissa Government | On 25 Feb 2013

Neutral Expectations from Automobile Sector

Budget expectations for automobile sector. [IRIS India].

by IRIS India IRIS | On 19 Feb 2013

The Companies Bill, 2011: FIfty-Seventh Report

According to the Ministry of Corporate Affairs, most of the recommendations made by the Committee in their earlier Report (21st Report) on the Companies Bill, 2009 have been accepted by the Government...

by Lok Sabha Secretariat | On 12 Feb 2013

National Policy on Skill development

Skills and knowledge are the driving forces of economic growth and social development for any country. Countries with higher and better levels of skills adjust more effectively to the challenges and o...

by Ministry of Labour and Employment MoL&E | On 28 Sep 2012

Capitalism as a System of Contingent Expectations: Toward a Sociological Microfoundation of Political Economy

Political economy and economic sociology have developed in relative isolation from each other. While political economy focuses largely on macrophenomena, economic sociology focuses on the level of soc...

by Jens Beckert | On 07 Aug 2012

Agricultural Credit - Accomplishments and Challenges

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

Structuring the Dedicated Freight Corridor Project a Lost Opportunity

This paper explores the evolution of two dedicated freight corridors in India (covering a distance of around 3300 kilometers), and critique them from the perspective of delivering the intended rail...

by Sobhesh Kumar Agarwalla | On 31 Jul 2012

Cultural Proximity and Loan Outcomes

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

What Should Regulation do in the Field of Micro-finance?

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

Role of Communication in Stigma and Discrimination

The objective of the study was to review media coverage (print ) related to HIV/AIDS in three states (Gujarat, Haryana and Madhya Pradesh) in order to determine the gaps in reporting. [CCMG Working Pa...

by Biswajit Das | On 10 May 2012

Behavior of Remittance Inflows and its Determinants in Bangladesh

The paper examines the determinants of remittance inflow by applying ordinary least square method (OLS). The model include the weighted average GDP of the six (Saudi Arabia (KSA), United Arab Emirat...

by Mst. Nurnaher Begum | On 24 Apr 2012

The BRICS Report: A Study of Brazil, Russia, India, China, and South Africa with Special Focus on Synergies and Complementarities

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

Monetary Transmission in Pakistan: The Balance Sheet Channel

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

Causes of Emissions from Agricultural Residue Burning in North-West India: Evaluation of a Technology Policy Response

The burning of agricultural field residue, such as stalks and stubble, during the wheat and rice harvesting seasons in the Indo-Gangetic plains results in substantial emissions of trace gases and pa...

by Ridhima Gupta | On 28 Mar 2012

State of Indian Agriculture 2011-12

The report reviews the status and performance of agriculture, especially during the last two decades, and also presents what could be the way forward, given our objectives of accelerated growth, inc...

by Ministry of Agriculture GOI | On 14 Mar 2012

Parents’ Economic Support of Young-Adult Children: Do Socioeconomic Circumstances Matter?

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

Failed Mechanism: How the CDM is Subsidizing Hydro Developers and Harming the Kyoto Protocol

Five years age, International Rivers started monitoring the Kyoto Protocol’s Clean Development Mechanism (CDM), concerned that funds marked for climate change mitigation would be used to encourage c...

by Barbara Haya | On 01 Mar 2012

Study on Impact of Micro Finance in Reduction of Domestic Violence Against Women

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

Regional and Global Monetary Cooperation

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

Economics of Mango Cultivation

The paper is based on "Commodity Specific Study on Mango" undertaken by NABARD in the states of Andhra Pradesh, Maharashtra and West Bengal. For the study, A total sample of 186 respondents was sele...

by G.D. Banerjee | On 17 Feb 2012

The Financial Structure and Performance of Philippine Credit Cooperatives

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

Selling Formal Insurance to the Informally Insured

Unpredictable rainfall is an important risk for agricultural activity, and farmers in developing countries often receive incomplete insurance from informal risk-sharing networks. The demand for, and...

by A. Mushfiq Mobarak | On 10 Feb 2012

Bank Lending and Monetary Shocks: Evidence from a Developing Economy

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

Consumer Responses to Incentives to Reduce Plastic Bag Use: Evidence from a Field Experiment in Urban India

In this paper a test for appropriate policies is done that could help control the use of plastic bags in Delhi. In January 2009, the Government of Delhi introduced a wide-ranging ban on the use of p...

by Kanupriya Gupta | On 03 Feb 2012

How is Financial Regulation Different for Micro- Finance?

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

Credit and Growth Cycles in India: An Empirical Assessment of the Lead and Lag Behaviour

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

State Focus Paper 2012-13: Karnataka

The State Focus Paper (SFP) consolidates the PLPs of all the 30 districts and highlights the potential for flow of credit to various sectors in agriculture and rural development. The credit potential...

by National Bank for Agriculture and Rural Devt NABARD | On 06 Jan 2012

The Broken Broker System? Transacting on Agricultural Wholesale Markets in India (Uttarakhand)

The focus is on the central role played by state-regulated commission agents, known as brokers: agents who are widely present in Indian markets to assist sellers in finding buyers through organizing a...

by Bart Minten | On 29 Dec 2011

Consultation Report on Strengthening the Role of Agriculture for a Nutrition Secure India

The Indira Gandhi Institute of Development Research (IGIDR), Mumbai and the International Food Policy Research Institute (IFPRI), New Delhi organized a workshop ‘Strengthening the Role of Agriculture...

by Srijit Mishra | On 27 Dec 2011

Approach Paper: Vulnerabilities of Women Homebased Workers`

This paper focuses on homebased women workers and discusses the specific issues of their vulnerability as women and as workers, in the framework of their basic citizenship right to economic and soci...

by Indrani Mazumdar | On 26 Dec 2011

China’s Financial Integration into the World Economy: Scrutinising China‘s International Investment Position

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

Monetary and Fiscal Policy in the Presence of Informal Labour Markets

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

Informal Labour and Credit Markets: A Survey

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 Public Procurement Bill, 2011

An Act to regulate public procurement with the objective of maximising economy and efficiency, promoting competition among suppliers and contractors while ensuring a fair, transparent and equitable...

by Planning Commission | On 08 Nov 2011

A Case for Case Studies

This essay attempts to look beyond the long-standing qualitative-quantitative tug of war in studying society. It takes as an example one approach, the case study, that often acts as a bridge between...

by Ipsita Sapra | On 19 Oct 2011

An Economic Policy and Legal Analysis of The Micro Finance Institutions (Development & Regulation) Bill, 2011

In response to the Second Micro Finance Crisis in Andhra Pradesh, which took place in October 2010, the Ministry of Finance has pro- posed a new Micro Finance Institutions (Development & Regulation) ...

by Shubho Roy | On 17 Oct 2011

Paraiyans’ Self-assertion for Identity

Review of Nandanar’s Children: The Paraiyans’ Tryst with Destiny Tamil Nadu 1850—1956, Raj Sekhar Basu, Sage India, New Delhi, 2011, 492 pp, Rs 895

by Rajesh Komath | On 11 Oct 2011

One Hundred years of Economic Change in Bengal: Re-visiting the Economic Life of a Bengal District

Through the use of secondary data, field visits and focus group discussions, this study explores the dynamics of the evolution of the economic life in Greater Faridpur over the last 100d years (1910-2...

by Selim Raihan | On 04 Oct 2011

Agricultural Productivity and Credit- Issues and Way Forward

Certain trends in agricultural productivity, agricultural finance are outlined. Recommendations for improving agricultural productivity are given here. [Address at The National Seminar on Productivity...

by Chakrabarty K C | On 12 Sep 2011

Drivers of Agricultural Diversification in India, Haryana and the Greenbelt Farms of India

The present study discusses factors responsible for agricultural diversification at different levels: country (India), state (Haryana) and farms of Kurukshetra district in Haryana. The study regress...

by Brajesh Jha | On 29 Aug 2011

Risks, Farmers’ Suicides and Agrarian Crisis in India: Is There A Way Out?

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

Darwin in Mind: New Opportunities for Evolutionary Psychology

Evolutionary Psychology (EP) views the human mind as organized into many modules, each underpinned by psychological adaptations designed to solve problems faced by our Pleistocene ancestors. It...

by Johan J Bolhuis | On 09 Aug 2011

Financial Inclusion in India: A case-study of West Bengal

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

Tracking India Growth in Real Time

This paper compares different approaches to the short term forecasting (nowcasting) of real GDP growth in India and evaluates methods to optimally gauge the current state of the economy. Univariate ...

by Rudrani Bhattacharya | On 02 Aug 2011

Mutual Funds and Market Development in India

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

Monetary Policy and Credit Demand in India and Some EMEs

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

Non-Recourse Mortgages and Credit Market Breakdowns: A Framework for Policy Analysis

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

Half Yearly Monetary and Financial Stability Report (March 2011)

The Hong Kong economy grew strongly in the second half of 2010. The unemployment rate has now dipped below the trend rate of the past 10 years and the momentum of rising consumer prices has picked...

by Hong Kong Monetary Authority | On 04 May 2011

Community Management is Good for Forests: Results from a Field Experiment in India

The study looks at the relationship between indigenous people and their forest homes using a novel field field experiments approach. [Policy Brief No. 48-10]. URL:[http://www.sandeeonline.org/upload...

by South Asian Network for Development SANDEE | On 29 Apr 2011

Report of the Task Force on Credit Related Issues of Farmers

The Task Force visited 45 villages across 17 states and held state and regional level consultations to understand from women and men farmers, bankers, civil society, academicians, planners, activists,...

by National Bank for Agriculture and Rural Devt NABARD | On 27 Apr 2011

Local Knowledge and Agricultural Sustainability: A Case Study of Pradhan Tribe in Adilabad District

The paper presents some empirical data from the Pradhan Tribe of Andhra Pradesh which highlights the community's indigenous agricultural knowledge and the changes over time. These custodians of indi...

by Anil Kumar K | On 25 Apr 2011

A Policy Reponse to the Indian Micro-finance Crisis

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

Beyond Baseline and Follow-up: The Case for More T in Experiments

The vast majority of randomized experiments in economics rely on a single baseline and single follow-up survey. If multiple follow-ups are conducted, the reason is typically to examine the trajectory...

by David McKenzie | On 14 Mar 2011

Poverty Targeting in Asia: Experiences from India, Indonesia, the Philippines, People’s Republic of China and Thailand

Poverty targeting, defined as the use of policy instruments to channel resources to a target group identified below an agreed national poverty line, is used by all governments in Asia in one form or...

by John Weiss | On 11 Mar 2011

Giving Credit Where it is Due

This paper shows how the productive interplay of theory and experimental work has furthered our understanding of credit markets in developing countries. Descriptive facts motivated a body of theory,...

by Abhijit V. Banerjee | On 28 Feb 2011

Third Quarter Review of Monetary Policy 2010-11

This statement sets out the Reserve Bank’s assessment of the current macroeconomic situation and forward projections.

by D Subbarao | On 31 Jan 2011

Context and Dynamics of Civil Society in the 21st Century

The gap between the world of knowledge and the world of action, although perennial, is probably the widest in the area of development. In no other field is there such a sharp divergence between rati...

by Centre for Women's Development Studies | On 31 Jan 2011

Report of the Sub-Committee of the Central Board of Directors of Reserve Bank of India to Study Issues and Concerns in the MFI Sector

While this growth is impressive, a number of studies both in India and abroad have questioned whether growth alone is effective in addressing poverty and what the adverse consequences of a too rapid g...

by Reserve Bank of India | On 30 Jan 2011

Microfinance and Moneylender Interest Rate: Evidence from Bangladesh

The linkage between the formal and informal credit markets has long been of great interest to development economists. This paper addressed one aspect of the linkage by empirically investigating the...

by Debdulal Mallick | On 25 Jan 2011

Environmental Literacy and NGOs: Experience from the Microcredit Based Social Forestry Program of Proshika in Bangladesh

This study assesses the impact of participation in the social forestry program of Proshika on the environmental literacy of participating households in Bangladesh. Proshika--a non-governmental organiz...

by Md. Jahangir Alam Chowdhury | On 13 Jan 2011

Repayment Incentives and the Distribution of Gains from Group Lending

Group loans with joint liability have been a distinguishing feature of many micro nance programs. While such lending has bene tted millions of borrowers, major lending insti- tutions have acknowledg...

by Jean-Marie Baland | On 17 Dec 2010

NGOs’ Strategies and the Challenge of Development and Democracy in Bangladesh

The paper argues that while Bangladesh is reported to have more NGOs per capita than other developing countries, those organisations have gradually abandoned social mobilising and collective action...

by Naila Kabeer | On 14 Dec 2010

Inequality, Corruption, and Competition in the Presence of Market Imperfections

In this paper they analyze the relation between inequality, corruption and competition in a developing economy context where markets are imperfect. They consider an economy where different types o...

by Indranil Dutta | On 02 Dec 2010

A Macro Policy for Poverty Eradication through Structural Change

This paper argues that poverty originates in the structural injustices of a social order which incapacitates the poor from participating in the growth generating sectors of the economy and leaves th...

by Rehman Sobhan | On 13 Oct 2010

Social Identity and Inequality: The Impact of China's Hokou System

They conduct an experimental study to investigate the causal impact of social identity on individuals' response to economic incentives. They focus on China‟s decades old household registration...

by Farzana Afridi | On 08 Oct 2010

Peasants and Formal Credit in Thiruvithamcore: The State Institutions and Social Structure 1914-1940

Considerations of credit mechanism as a suitable mode of appropriation of surplus, compared to rent, explains to a great extent the motivation, behind state intervention in the money market in pea...

by T.T. Sreekumar | On 04 Oct 2010

Wage Determination in a Casual Labour Market: The Case of Paddy Field Labour in Kerela

The wage rate in s casual labour market, paddy field labour, is estimated from a reduced form version of a supply and demand model after incorporating literacy, caste and the degree of m...

by K. Pushpangadan | On 27 Sep 2010

Economic Governance of MFIs: Inside the Black Box

This paper investigates a relationship between economic governance and the dual objectives of Microfinance Institutions (MFIs): poverty reduction and financial viability. Using an unbalanced pan...

by Thankom Arun | On 06 Sep 2010

Political Economy of Directed Credit

Imagine you are a bank manager and you have to decide to whom you will lend money. One prospect is an industrial company and the other is a farmer. As someone who wants the largest possible profits,...

by Mark Miller | On 19 Jul 2010

The Distributive Impact of Reforms in Credit Enforcement: Evidence from Indian Debt Recovery Tribunals

It is generally presumed that strengthening the legal enforcement of lender rights increases credit access for all borrowers, by expanding the set of incentive compatible loan contracts. This presu...

by Ulf Lilienfeld Toal | On 28 Jun 2010

Kisan Credit Card

Provision of timely and adequate credit has been one of the major challenges for banks in India in dispensation of agricultural and rural credit to the farmers. Constant innovation is required in or...

by Danish Faruqui | On 24 Jun 2010

Matching for Credit: Risk and Diversification in Thai Microcredit Groups

How has the microcredit movement managed to push financial frontiers? In a context in which borrowers vary in unobservable risk, Ghatak (1999, 2000) shows that group-based, joint liability contracts p...

by Christian Ahlin | On 21 Jun 2010

Theun-Hinboun: Expanding Failure

The Theun-Hinboun Expansion Project – a dam and diversion project under construction in Central Laos – violates the Equator Principles and Lao law, according to this report. It documents how Lao villa...

by Ikuko Matsumoto | On 17 Jun 2010

Impact Assessment of CFPR/TUP: A Descriptive Analysis Based on 2002-2005 Panel Data

This paper looks at the overall performance of the CFPR/TUP programme using the 2002 baseline survey and 2005 repeat survey. All the topics covered in this study could be analysed more deeply, but tha...

by Mehnaz Rabbani | On 15 Jun 2010

Addressing Agricultural Power Subsidy: A Case Study of North Gujarat

This paper on the basis of fieldwork in the region of North Gujarat tries to analyze the perceptions among various sections of the farmers and examines whether the subsidy is pro-poor in nature. The...

by Vidyut Joshi | On 07 Jun 2010

The EU-India FTA in Services and Possible Gender Impact in India: Concern Areas

This paper studies the impact of services trade liberalization under the currently negotiated EU-India FTA on women’s lives in India and tries to delineate the concern areas. Relevant sectors of int...

by Ranja Sengupta | On 25 May 2010

Exchange Market Pressure and Monetary Policy

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

Social Business: A Step Toward Creating a New Economic and Social Order

The concept of social business flows from a firm conviction that profit or benefit is not the only motivating factor for an entrepreneur and an entrepreneur can also be motivated by social goals and e...

by Mohammad Yunus | On 27 Jan 2010

Productivity of Pesticides in Vegetable Farming in Nepal

This paper examines the effectiveness of damage control mechanisms to reduce crop losses from agricultural pests. It uses data from a sample of Cole crop (Cauliflower and Cabbage) growing households...

by Ratna Kumar Jha | On 22 Jan 2010

Should Banking Be Made Boring? - An Indian Perspective

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

Learning from Crises

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

Rough Guide to Impact Evaluation of Environmental and Development Programs

This paper is a “rough guide” for evaluation of programs, projects and policies in the environment and development arena. First, a general overview of the what, how, and why of program evaluation, wit...

by Subhrendu K Pattanayak | On 19 Aug 2009

A Simple Model of the Financial Crisis of 2007-9 with Implications for the Design of a Stimulus Package

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

Developing The Indian Debt Capital Markets: Small Investor Perspectives

This paper argues that with the recent economic reforms, an efficient and active debt market, particularly in long-term private debt instruments, is essential for the country to realize the full bene...

by Pronab Sen | On 13 Aug 2009

Peasant Classes, Farm Incomes and Rural Indebtedness: An Analysis of Household Production Data from Two States

The paper attempts to appraise the extent of the constraint of credit relations on agricultural production and its differential impact across peasant classes. Additionally, the analysis of the structu...

by Arindam Banerjee | On 04 Aug 2009

A Status Report on India’s Financial System: A view from the Standpoint of Intermediation and Risk Bearing

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

Self-help Co-operatives, Deposit Mobilisation and Supply of Credit

The paper is aimed at exploring as to how such co-operatives (i) function and deal with members while delivering micro finance; (ii) mobilise funds, and (iii) get shaped and reshape the contents of me...

by Gagan Bihari Sahu | On 09 Jul 2009

Initiatives of NGOs in Kutch Region

Many NGOs occupy a space between public and private sector organisations, and the papers in this special issue demonstrate that the mechanisms required for effective accountability by these NGOs are u...

by Kalpana C Satija | On 06 Jun 2009

A Primary Evaluation of Service Delivery under the National Rural Health Mission (NRHM): Findings from a Study in Andhra Pradesh, Uttar Pradesh, Bihar and Rajasthan

This paper seeks to evaluate quantity and quality of service delivery in rural public health facilities under NRHM. On appropriate and feasible measures, the former is assessed on the static and dynam...

by Kaveri Gill | On 02 Jun 2009

An Evaluation Study of NSS in India 2008-09

This paper is an evaluation study of NSS in India wherein a study is conducted to learn Volunteer strength in Andhra Pradesh from 1969-1994; Year wise Targets and Achievements of Chandigarh Regional C...

by Tata Institue of Social Sciences TISS | On 31 May 2009

Risk Management Lessons from the Global Financial Crisis

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

Impact of the Global Financial Crisis on India Collateral Damage and Response

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

Micro, Small and Medium Enterprises in India: Unfair Trade

This paper attempts a critical review of the performance and policy concerning the micro, small and medium enterprises (MSMEs) in globalizing India since the early 1990s whence economic reforms were...

by Keshab Das | On 02 Jan 2009

Contemporary International and Domestic Banking Developments and the Emerging Challenges

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

Tobacco Control in Schools in India (India Global Youth Tobacco Survey & Global School Personnel Survey, 2006)

India Global Youth Tobacco Survey (GYTS) 2006 and Global School Personnel Survey (GSPS) 2006 were undertaken region-wise, namely, North, South, East, West, Central and North East, covering 99.7% of t...

by Dhirendra Narain SInha | On 29 Sep 2008

The Politics of Negotiation: MVF and Multinational Corporations on Child Labour in Cottonseed Field.

Child Labour in the hybrid cottonseed fields has caused much attention locally and internationally. Inexpensive labour is crucial for the farmers, as 52% of the cost of production goes toward human la...

by Yumi Lifer | On 13 Aug 2008

Corruption, Default and Optimal Credit in Welfare Programs

In this paper a dynamic model of subsidized credit provision is presented to examine how asymmetric information exacerbates inefficiency caused by corruption. Though designed to empower the underprivi...

by Bibhas Saha | On 11 Aug 2008

Banking Sector Reforms and Equity a Sub-Regional Analysis in Andhra Pradesh

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

Poverty targeting in public programs: A Comparison of Some Nonparametric Tests and their Application to Indian Microfinance

Many popular social programmes have limited coverage among households at the very bottom of the income and wealth distribution. If a programme reaches the poor, but neglects the destitute, the (pre-...

by Isha Dewan | On 12 Jun 2008

Improving the Economic Condition of Farmers

The Official Group would like to recommend a set of policy initiatives for the consideration of the Government of Karnataka. The recommendations of the Official Group are grouped under the following h...

by Government of Karnataka GoK | On 04 May 2008

Draft Report of the Committee on financial Sector Reforms

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

Current Issues in Agriculture Credit in India: An Assessment

This paper attempts to analyse the issues in agricultural credit in India. The analysis reveals that the credit delivery to the agriculture sector continues to be inadequate. It appears that the banki...

by Ramesh Golait | On 22 Feb 2008

Regulation of Informal Financial Institutions: A Study of Money Lenders in Kerala

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

Speech of the Finance Minister at the Annual Economic Editors’ Conference

Shows how the macro economic variables of Indian Economy are performing.

by P Chidambaram | On 11 Feb 2008

Monetary Conditions Index for India

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

Customer Centricity and the Reserve Bank

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

Recent Financial Market Developments and Implications for Monetary Policy

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

Educational Policy and the Economics of the Family

The implications of alternative ways to model decisionmaking by families for educational policy are analysed. Many of the policy implications associated with credit constraints cannot be distinguished...

by Abhijit Banerjee | On 11 Sep 2007

The Micro Financial Sector (Development and Regulation) Bill, 2007: Legislative Brief

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

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

Social Science Research Methods and Knowledge-Claims

This paper explores three important but interrelated issues: The power of example; the fragment as evidence; and finally, the field experience and the possibility of generalisation. These issues are...

by Paramjit S Judge | On 03 Aug 2007

Medico Friend Circle Bulletin, 320-321, DEcember 2006-March 2007

Public Health Education in India -Ritu Priya 1 Public Health Education in India - Some Reflections -Ravi and Thelma Narayan 4 A Few Additional Issues for Discussion at the MFC Meet -Anant Phadke 19 ...

by Medico Friend Circle | On 04 Jul 2007

Industrial Clusters in India: Perspectives and Issues for Research

Considering the Indian context as the basis of enquiry into industrial clustering three important issues that largely determine the performance and strategy of firms to survive compete and grow are id...

by Keshab Das | On 27 Jun 2007

Productivity of Rural Credit: A Review of Issues and Some Recent Literature

It is argued that Indian agriculture is undergoing fundamental change wherein the technology and inputs are moving out of the hands of the farmers to external suppliers. This, over a period of time ma...

by M S Sriram | On 13 Jun 2007

Impact of Reservations of Panchayat Pradhans on Targeting in West Bengal

The effect of randomized reservations of Pradhan (chief executive) positions in West Bengal local governments (panchayats) for women and members of Scheduled Caste/Scheduled Tribes (SC/ST) following t...

by Pranab Bardhan | On 27 Dec 2006

Interlinked Agrarian Credit Markets in a Developing Economy: A Case Study of Indian Punjab

This paper attempts to analyse the various aspects of informal rural credit market of which interlinked contracts occupy the central place. In particular, the nature and extent of interlinked credit...

by Anita Gill | On 22 Dec 2006

Monetary Regionalism in Asia Revisited

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

Studies on Self-Help Groups of the Rural Poor

In pursuance of a recommendation made by the Asian and Pacific Regional Agricultural Credit Association (APRACA), the National Bank for Agriculture and Rural Development, in collaboration with some...

by | On 23 Oct 2006

Does Repayment Indicate the Success of Micro-Finance Programme?

This paper examines the patterns of loan utilisation and repayment among micro-finance group members for Wayland district of Kerala. It argues that 100 per cent repayment by members need not always in...

by Emil Mathew | On 12 Aug 2006

CSA Briefing Paper on Bt Brinjal

Bt Brinjal is being developed in India by Mahyco [Maharashtra Hybrid Seeds Company] and the company wants to take up large scale field trials with the permission of the regulatory authority, GEAC. N...

by Centre for Sustainable Agriculture CSA | On 03 Jun 2006

Macroeconomic and Monetary Developments: Third Quarter Review 2005-06

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

‘Urban Bias’ in the Flow of Funds and Deposit Mobilisation:Evidence from Karnataka, India

Until banking sector reforms were introduced in India in 1991, the emphasis in the credit provision through formal banking system was to meet the targets at the expense of the quality of credit and vi...

by Gagan Bihari Sahu | On 08 Dec 2005

Poverty Knowledge and Poverty Action: Evidence from Three States in India

Even as some households are coming out of poverty, other households are concurrently falling into poverty. Poverty creation and poverty destruction are proceeding alongside. A bottom-up methodology...

by Anirudh Krishna | On 08 Dec 2005

NAC Concept Paper-A Note On Agriculture And Irrigation

This note highlights the main issues and outlines the proposed action plan in respect of the following five major areas in Agriculture and Irrigation: (1) Augmentation of water resources for irrigati...

by C.H. Hanumantha Rao | On 09 Sep 2005

Code of Ethics of the American Association of Physical Anthropologists

Code of Ethics for Practitioners and Professionals

by Anonymous | On 12 Aug 2005

Crop Insurance Scheme: A Case Study Of Banana Farmers In Wayanad Districts

Crop insurance is recognised to be a basic instrument for maintaining stability in farm income, through promoting technology, encouraging investment, and increasing credit flow in the agricultural sec...

by Manoj Kumar K | On 11 Aug 2005

Whether SHG-Based Micro-Credit Programmes Can Remove Poverty? A Case Study Of SHG-Based Programmes In Patan District Of Gujarat

In India, the organization of self-help groups, especially for microfinance and microenterprise development programmes constitute a widely accepted development strategy for poverty reduction. This str...

by Anand Tiwari | On 31 Mar 2005