Three broad aspects that have affected the financial inclusion space during the pandemic are examined in the paper. At the outset, the business of inclusive finance (growth, portfolio quality, and...
Money, Banking and Finance
Significant additional risk containment measures such as the revision of market-wide position limits, increasing the margin requirements for both equity cash and derivatives, and flexing of price...
Private sector banks hold equity capital in excess of the regulatory requirement (400 basis points more from 2006 to 2017). The impact of excess capital in banks is examined through a partial...
The banking crisis that played out post 2008–09 is considered a key factor responsible for economic slowdown in India. Several alternative explanations for the banking crisis are presented in the...
During the COVID-19 pandemic, expansionary economic policies played an important role in reviving the floundering global economy. In this context, the present paper looks at the effectiveness of...
In response to a once-in-a-century pandemic in which a health crisis rapidly mutated into a macroeconomic and financial shock, the Reserve Bank of India mounted an unprecedented policy response...
With apologies to Gabriel García Márquez’s 1985 novel Love in the Time of Cholera , given the generic themes of most of the papers in this special issue, it could have perhaps been named, “Money,...
The Indian corporate bond market has remained small in size despite a long history, several committee recommendations, and continuous reforms. It is besieged by several problems ranging from illiquid...
This paper argues that, over the longer run, the intertemporal path of inflation in an economy is affected by secular changes in the inter-sectoral terms-of-trade, which in turn, is closely linked to...
The finance minister’s Budget speech 2021 revealed the government’s plans to establish an Asset Reconstruction Company to take over bad debt from the books of public sector banks for eventual...
The “Banking: Theory & Policy” class of 2020–21 was a sounding board. The comments of an anonymous reviewer added value to an earlier draft. The usual caveats apply.
Monetary policy has emerged as an important tool of economic policy both in developed and developing economies. The monetary and financial system is far more complex today than it has been in the...
In the literature on global market integration, the strength of interdependence has been measured in different ways. However, only an accurate measure of strength of interdependence helps in...
The issue and relevance of financial misconduct and fear of prosecution on the lending behaviour of Indian banks is investigated by combining bank-level financial and prudential variables during 2008...
