The Reserve Bank of India today released on its website the DRG Study titled, “A Study of Corporate Bond Market in India: Theoretical and Policy Implications”. The study is co-authored by Prof. Sunder Raghavan, Professor of Finance, Embry-Riddle Aeronautical University; and Shri Ashok Sahoo, Director, Financial Stability Unit; Shri Angshuman Hait Assistant Adviser, Department of Statistics and Information Management; and Dr. Saurabh Ghosh, Assistant Adviser, Departmen

The Reserve Bank of India released today the DRG Study titled, “Modelling Currency Demand in India: An Empirical Study”. The study is co-authored by Dr. D. M. Nachane, A. B. Chakraborty, A. K. Mitra and Sanjib Bordoloi. The main objective of the study was to examine evolving determinants of currency demand in the Indian context and develop a suitable framework for modelling currency demand at the aggregate level as well as for the denominational composition. Main feat

The Reserve Bank released today the DRG Study on “Pricing of Paddy: A Case Study of Andhra Pradesh” authored by Dr. Ramana Murthy and Smt. Rekha Misra. From this DRG Study Series No. 38 onwards, Reserve Bank will be only web hosting the DRG Studies and no printed version will be made available. The main purpose of this Study was to look into, inter alia, the extent of the gap between minimum support price (MSP), the rate at which the farmer is able to sell the produce

The Reserve Bank of India today released a DRG Study entitled, “Productivity, Efficiency and Competitiveness of the Indian Manufacturing Sector”. The study is co-authored by Prof. Pushpa Trivedi (Indian Institute of Technology Bombay), Shri L. Lakshmanan (Assistant Adviser, Internal Debt Management Department), Dr. Rajeev Jain (Assistant Adviser, Department of Economic and Policy Research) and Dr. Yogesh Kumar Gupta (Assistant Adviser, Department of Statistics and Inf

The Reserve Bank of India today has released a DRG Study entitled, “The Divisia Monetary Indices as Leading Indicators of Inflation”. The study is co-authored by Prof. M. Ramachandran, Professor in the Department of Economics at the Pondicherry University, Shri Rajib Das, Director and Shri Binod B. Bhoi, Assistant Adviser, in the Department of Economic Analysis and Policy of the Reserve Bank. The study suggests that the Reserve Bank could closely observe the growth ra

The Reserve Bank of India today released a DRG Study entitled, ‘Regional Inequalities in India in the 1990s: Trends and Policy Implications’. The Study is co-authored by Dr. Nirvikar Singh, Professor, University of California, Santa Cruz, USA along with Mr. Jake Kendall, World Bank, Shri R. K. Jain, Director, DEAP and Dr. Jai Chander, Assistant Adviser, DEAP. There are concerns that the regional inequalities have accentuated in the post reform period. While several st

The Reserve Bank of India released a DRG Study entitled, “GDP-Indexed Bonds’. The Study is co-authored by Prof. Errol D’Souza, Professor, Indian Institute of Management, Ahmedabad along with Shri Sanjay Kumar, Assistant Adviser, IDMD, Dr. Kumarjit Mandal, former Research Officer, DEAP and Shri Vineet Virmani, Assistant Vice President, Quantitative Risk Team, Nomura Services India Ltd. After the wave of financial and debt crisis in a number of emerging markets in the 1

The Reserve Bank of India released a DRG Study entitled, “Exchange Rate Policy and Modelling in India’. The Study is co-authored by Prof. Pami Dua, Professor in the Department of Economics of Delhi School of Economics along with Dr. Rajiv Ranjan, Director in the Department of Economic Analysis and Policy of the Reserve Bank of India. The study covers two main topics: first, various aspects of economic policy with respect to the exchange rate and second, modelling and

The Reserve Bank of India released a DRG Study entitled, “Monetary Policy, Forex Markets and Feedback under Uncertainty in An Open Economy”. The Study is co-authored by Prof. Ashima Goyal, Indira Gandhi Institute of Development Research along with staff members from the Reserve Bank (Shri Ayyappan Nair, Assistant General Manager, Financial Markets Department and Dr. Amaresh Samantaraya, Assistant Adviser, Department of Banking Supervision). The Study attempted to exam

The Reserve Bank of India released today two studies - “Introducing Expenditure Quality in Intergovernmental Transfers: A triple-E Framework” and "An Outline of Post 2009 FRBM Fiscal Architecture of the Union Government in the Medium Term" relating to the terms of reference of the Thirteenth Finance Commission. The first study entitled “Introducing Expenditure Quality in Intergovernmental Transfers: A triple-E Framework” is co-authored by Prof. Mala Lalvani, Departmen