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

Articles By Gurbachan Singh

Financial Sector Reforms

The draft Raghuram Rajan Committee report is neither fiscalist nor does it recommend that the Reserve Bank of India focus only on inflation targeting ignoring macroeconomic variables, as observed by Lekha Chakraborty (June 21, 2008). This comment criticises Chakraborty's views on solution multiplicity, priority sector loan certificates and asymmetric information and related problems in the context of capital account convertibility.

Financial and Real Assets in a Broad Perspective

A shift from real assets to financial assets in the portfolio of household savings can increase efficiency at the margin. This requires increased separation of ownership from management, a reduction in financial repression, a reduced dependence on self-employment, and a policy of providing infrastructure and more land for urban use.