All Volumes and Issues - ആർബിഐ - Reserve Bank of India
ജനു 24, 2001
Occational Papers - Vol. 21 (Summer 2000)
ജനു 24, 2001
Financial Stability:
A Survey of the Indian Experience
A Survey of the Indian Experience
Michael Debabrata Patra & Sunando Roy*Drawing from recent experiences in India and abroad, the paper assesses the Indian approach to reinforcing financial stability. In the context of macroeconomic, macro-and micro-prudential policies undertaken in India, the paper empirically evaluates the responses of various constituents of the banking system and finds differential responses.IntroductionA consensus on the definition of the term 'financial stability' remains elu
ജനു 24, 2001
Short Term Interest Rate and Real Economic Activity
Sarat Chandra Dhal*This paper examines the impact of short term interest rate on real activity in India using monthly data over the period 1961-2000. Using rolling regression technique, monetary impulses transmitted through interest rate effects are compared with policy changes effected through liquidity effects. The empirical evidence points out that interest rate has emerged as a significant factor for explaining the variation in real activity in the 1990s. The empi
ജനു 24, 2001
Measurement of Household Financial Saving in India: A History of the Methodological Evolution
Dhritidyuti Bose and Partha Ray*The paper traces the history of compilation of financial saving of the household sector in India. Against the backdrop of the evolution of various methodologies adopted by the institutions producing primary estimates of household financial saving and the progressive movement towards synthesis, the paper discusses the existing methodological impediments and the future directions in the compilation of financial saving in India.Introductio
ജനു 24, 2001
Mergers and Acquisitions:
An Indian Experience
An Indian Experience
B.K. Bhoi*This paper undertakes a scan of the first Mergers and Acquisitions (M&As) wave which is currently underway in India. This roughly coincides with the latest wave of international M&As. Takeovers are the dominant mode of M&As in India, similar to the international trend.Mergers and Acquisitions (M&As) have emerged as a natural process of business restructuring throughout the world. The process of M&As spans geographical boundaries: cross-bo
ജനു 24, 2001
Design Issues in Micro Credit
Suddhasattwa Ghosh*Micro credit interventions are being increasingly recognized in India, as in other countries, as an effective tool for achieving the distributional objectives of monetary policy which contribute to socio-economic welfare. This study takes a close look at a major micro credit provider in India and seeks to analyse the problems and prospects of designing and implementing a viable micro credit dispensation route in India.IntroductionIn the recent perio
ജനു 24, 2001
Eight Lectures on India's Economic Reforms,
by T.N. Srinivasan, Oxford University Press, New Delhi : 2000Indias structural reforms have been driven as much by the response to the balance of payments crisis of 1990-91 as by an animated and broad based debate that transcended national boundaries. The reforms represented a fundamental revision in the prevalent view regarding Indias development strategy. At these cross roads, the political leadership of the day turned to leading economists at home and abroad, to
ജനു 24, 2001
Exchange Rates and the Firm
by Richard Friberg, 1999, by Macmillan Press Ltd., Great Britain, and by St. Martin's Press, Inc., United States of America, Priced at 45 pounds, PPX + 174The impact of fluctuations in exchange rates on asset values and profits of firms has been engaging a great deal of interest in recent years in the economic and financial literature. Microeconomic underpinnings for this interest have been provided by multinational firms suffering declines in market shares and profit
ജനു 24, 2001
Financial Stability and Public Policy:
An Overview
An Overview
Saibal Ghosh*The paper reviews the sources of market failure in financial institutions and markets and what can be done to alleviate them. It examines game-theoretic explanations for financial instability, in particular the role of asymmetric information in generating destabilising behaviour. In the area of remedies, the paper analyses the potential contribution of official safety nets and what can be done to minimize the associated moral hazard. In this context, it d
ജനു 24, 2001
Stock Returns and Volatility in India :
An Empirical Puzzle ?
An Empirical Puzzle ?
Sitikantha Pattanaik & Bhaskar Chatterjee*The behaviour of equity premiums in India shows that long term investors do get compensated for the systematic risk they bear by holding equities. In the short to medium run, however, both the direct and the indirect test suggested by French, Schewart and Stambaugh (1987) fail to establish the expected risk-return relationship for Indian equities. Dominance of short horizon players in the market and the associated avoidabl
പേജ് അവസാനം അപ്ഡേറ്റ് ചെയ്തത്: സെപ്റ്റംബർ 30, 2024