ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Ashok K NagSubscribe to Ashok K Nag

Lost Due To Demonetisation

Sudden demonetisation of ₹500 and ₹1,0000 notes, an elimination of existing money stock that enables economic transactions, is bound to have an economic impact, apart from penalising those who hold this money as store of their tax-evaded illegal wealth. Considering various possible scenarios, a loss of gross domestic product will be inevitable.

Textbook with an Indian Flavour

Textbook with an Indian Flavour Econometrics: Theoretical Foundations and Empirical Perspectives by D N Nachane; Oxford University Press, New Delhi, 2006;

Credit Growth and Response to Capital Requirements

This paper makes an attempt to assess the impact of imposition of uniform capital requirement norm on flow of credit to the business sector by the most important segment of the Indian banking sector, i e, Indian public sector banks. A simple decomposition analysis of growth in assets portfolio as well as a model based analysis of credit growth for the Indian public sector banks corroborated that (a) in the post reform period, public sector banks did shift their portfolio in a way that reduce their capital requirements and (b) adoption of stricter risk management practice in respect of bank lending in the post reform period and its interplay with minimum capital requirements (regulatory pressure) have had a dampening effect on the overall credit supply.

Yield Curve Analysis for Government Securities in India

This study demonstrates the feasibility of constructing technically sound yield curves in the Indian context. It sets out a methodological basis for construction of yield curves for government securities in India and accordingly constructs yield curves for each of the months during the financial years 1996-97 and 1997-98, and a part of 1998-99. These yield curves are interpreted in the light of established theories. It is observed that these yield curves have significant policy implications.

Exchange Rate of the Rupee and Purchasing-Power Parity

Power Parity AS an empirical economic proposition the purchasing power parity (PPP) theory merely states that international prices of traded goods and services when converted to a common currency should equalise across national boundaries. If allowances are made for the price distorting effect of tariff and non-tariff barriers to trade there is no reason why law of one price (LOP) should not hold good for the traded goods and services at the world level. Existence of arbitrage traders in goods market should ensure that.

Exchange Rate and Trade Imbalance

Exchange Rate and Trade Imbalance Ashok K Nag Ghanashyam Upadhya THE article by Prabirjit Sarkar ('India's Balance of Payments and Exchange Rate Behaviour since 1971: A New Approach', January 1-8) shows that 'unit root' econd- metrics is fast becoming an indispensable and standard item in the tool-box of an applied econometri-cian. Sarkar
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