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

H T Parekh Finance Column

H T Parekh Finance Column
It is unclear whether microfinance contributes to a reduction in poverty or is the most efficient method to reduce poverty without additional measures in areas such as education, health and...
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...
Stabilising inflation also promotes employment and output growth. Adopting inflation targeting does not strictly require preconditions such as an independent central bank or a well-developed...
The success in pension reform will depend on a greater degree of professionalism in the design and governance of provident and pension fund organisations such as the Employee Provident Fund...
Financial inclusion is important for improving the living conditions of poor farmers, rural non-farm enterprises and other vulnerable groups. Financial exclusion, in terms of lack of access to credit...
The independence of the central bank in a market-oriented economy is no longer a disputable issue in theory but problems arise in regard to the ways in which to achieve it. As a practitioner, I would...
Liquid securities markets are a core goal of financial sector reforms, and this has two dimensions: low impact cost and high resilience. We employ elements of evidence to suggest that equity market...
The inflation targeting framework has been successfully implemented in several developed and developing countries. However, the success of this system requires equal commitment from the government...
Practising policy-makers have not been tardy in jettisoning new classical-new Keynesian wisdom when called upon to do so. It turns out that in the industrial world, stabilisation policy, defined as...
Despite the poor performance of public sector undertakings, a growing consensus to privatise them, and a transparent and effective apparatus in place, India has been remarkably slow to actually...
The Securities and Exchange Board of India has in the recent past taken big steps in fostering good governance in the mutual fund industry, which provides an opportunity to move towards further...
This article develops an empirical model to explore the role that bank characteristics play in influencing the monetary transmission process. Employing data on Indian commercial banks for the period...
This article examines why banks should be concerned about liquidity risk. It argues that the two forms of liquidity, namely, market and funding liquidity, are highly intertwined and that both are...
A spate of failures in recent years has raised concern about the working of cooperative banks. The functioning of these banks can be improved through a variety of ways, including by enabling...
Incentives for holding cash and cash-equivalents vary. The authors suggest that companies that have more block-shareholders have a lesser incentive to hold cash and cash-equivalents. Also, monitoring...

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