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

Sunanda SenSubscribe to RSS - Sunanda Sen

Doyen of ‘Dependency Theory’

BRICS and the New Financial Architecture

The BRICS summit held in October 2016 suggested the possible use of local currency in intra-BRICS trade to lower costs. This article extends this idea and proposes a scheme for setting up a clearing account in local currencies of the BRICS countries. It contends that such a step will provide avenues for generating additional demand within the region while cushioning the member countries against shocks from exchange rate volatility.

Governing Capital Flows

Ruling Capital: Emerging Markets and the Reregulation of Cross-Border Finance by Kevin P Gallagher; Cornell University, 2015; pp xi +233, $29.95.

Regional Pattern of India s Trade and Payments

Currency Concerns under Uncertainty

The recent downslides in China's financial account balance, bringing to a close the "twin surpluses" and initiating, after a long time, a modest slip in the stock of offi cial reserves, reflect a reversal in the state of expectations relating to the future of the Chinese currency.

Speculation, Scams, Frauds and Crises: Theory and Facts

A systemic crisis in finance results from speculation under deregulation of the financial markets with an unrestrained use of derivatives therein. By making possible the free entry and exit of players in the market, financial liberalisation encourages shorttermism, which fails to generate real assets in the long run.

Labour under Stress: Findings from a Survey

Restructuring, cost-cutting and other associated trends in Indian industry in recent years have had a major impact on workers in organised industry in India. This article presents the results from a primary survey conducted during 2004-06 in pockets of Delhi, Gujarat, Haryana, Maharashtra and West Bengal.

Basel Norms, Indian Banking Sector and Impact on Credit to SMEs and the Poor

The present paper is an attempt to review the impact of Basel I and II norms, dealing with international bank regulation in terms of capital adequacy and supervision, on credit flows to the SMEs and the poor in India.


Back to Top