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

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International Standards and Codes and Financial Stability

Efforts at implementing standards and codes without concomitant adoption of sound macroeconomic and structural policies are unlikely to ensure growth with financial stability. Emerging market economies undertaking financial reforms have to adopt not one or two but a requisite set of standards and codes in order to promote the twin objectives of growth and financial stability. The process of transmission discussed here shows that information and expectations play a major role in market calculus in undertaking investment decisions and resource allocative functions.

Pradhan H Prasad

When I learnt of the demise of my friend Pradhan H Prasad last Monday, I was shocked. It took some days for me to recover. Over 10 years my senior in age, Pradhan, as I always called him, was a gentle and sincere friend who, even when he disagreed with me on many subjects, never showed resentment...

Myths about the Poor and Money

The Poor and Their Money by Stuart Rutherford; Oxford University Press, New Delhi, 2000; Rs 195, pp xii + 121.

Strategy of Economic Development, 1955-65

A Vasudevan It is the contention of this paper that the development strategy adopted since the Second Five-Year Plan has no theoretical reasoning underlying it.

Arithmetic without Policies

Arithmetic without Policies A Vasudevan Essays on Economic Transition by Surendra J Patel; Asia Publishing The India We Want by Surendra J Patel; Manaktalas, 1966; pp + 223;

New Approach to Inflation

 in Indian trade. Bulk carriers are, therefore, most profitably employed in cross trades betwen countries other than India. There is some confusion in all this. The author begins the chapter by explaining that participation of Indian tramps in the Indian trade is limited by low freights, that low freights can be countered by building a fleet of bulk carriers which operate at lower costs per ton, but that these bulk carriers would be uneconomic in Indian trade and should, therefore, be employed in cross trades. This still leaves us with the problem of increased Indian participation in the Indian trade.

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