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

Off The Shelf

Off The Shelf
The present global credit crisis has again shown that the supervisory and regulatory structure is out of alignment with the dynamics of the global financial market. When risks are being distributed...
The tone of the political debate on the Indo-US nuclear deal has been bewildering. What is worrying, as illustrated by this exchange, is that political parties are undermining the culture of dialogue...
Securitisation of loans has emerged as the driving force in financial markets, transforming radically the way assets in different sectors of the economy are being created and marketed, but this...
The story of the Medici Bank of 14th and 15th century Florence is the story of how one family used finance to control a government. In the priority that the Medicis gave to financial deals can be...
Our political establishment is taking grave risks in allowing unrestricted FII inflows without appropriate disclosure and scrutiny. We cannot afford the luxury of waiting indefinitely till good sense...
China National Offshore Corporation?s bid for the US multinational oil company Unocal has resulted in a drama of realpolitik in economic globalism. What is, however, of interest is that China has...
It is unrealistic to think that the public sector banks can revitalise agricultural credit delivery without a completely revamped extension services system. It is also time to consider supporting...
In the current supervisory regime of banking regulation, governance concerns take a lower priority than asset-liability and capital-adequacy issues. The RBI's proposed stipulations on ownership...
For the few large companies that dominate this sector, the seal of regulatory approval by RBI is their most invaluable asset generating trust among their prospective depositor, mostly in rural and...
With the laudable objective of disciplining market participants, the Securities and Exchange Board of India (SEBI) has embarked on a massive operation of building up a comprehensive unique...
Behind the Celebrity Mask The Parmalat affair has thrown up the need to change the existing market intelligence system. Not only has it to be extensive, more importantly, it has to be unorthodox,...
For years political parties have failed to take note of the growing intensity of feeling against disruption of civic life. Often the disruptions are massive and the agencies of governance choose to...
What has happened in Wall Street over the past 18 months raises several issues of regulatory governance which are immensely relevant for countries such as India that have embarked on reform of their...
Joseph Stiglitz's new book breathes moral outrage against the IMF. But any reform measures confined to the Bretton Woods institutions would not be an adequate response to the challenges of global...
Ten commandments - nothing in common with the authorised corporate governance code, of course - for a passage to the Fortune 500, distilled from the experience of Enron.
To argue for development of national champions in the financial sector is not blind economic nationalism, nor is it protectionism or an alternative to competition. The authorities have to plan to...
The interrelationships between governments and markets in international finance are indeed complex. The international community has to veer round to some controlled and deliberate move to '...
The phenomenon of George Soros has to be evaluated in the historical context. The global economy without the discipline of a world government has become the breeding ground for adventures. It is...
As financial markets are getting more integrated, the moods and sentiments of Wall Street investment bankers and brokers have a huge impact on market behaviour in non-US stock markets. If concerted...
The two approaches to 'weak' public sector banks, represented by the reports of the Verma Committee and the Task Force of the CII, have provoked high-pitched reactions. What is important, however, is...
Economic globalisation creates pressures as well as opportunities for all economies and it is for the political class in each polity to spot the opportunities and learn to mould the pressures to...
The Deepak Parekh report tells us what has happened, not why and how it happened. These questions have to be addressed and answered. The Parekh report will have served its purpose if it leads to this...
The debtor-creditor relationship is becoming increasingly complex and the promise to pay is fast losing its sanctity.
If weak public sector banks have to be turned around and put on a sustainable path of growth and profitability, certain ingrained cultural characteristics of these banks have to be confronted, This...
Our Political Class and National Self-Respect D N Ghosh If some recent observations of US secretary of state Madeleine Albright on India and its leadership reflect the insensitivity of the US...
Our Political Class and National Self-Respect D N Ghosh If some recent observations of US secretary of state Madeleine Albright on India and its leadership reflect the insensitivity of the US...
government, lends itself to as many interpretations as there are spokespersons. On the one hand we have the aggressive posture of one leading spokesman committing the government to 're-reforming the...
and Converts DN Ghosh WHEN in late 1994 the Mexican crisis rang the alarm bells for international fund managers, they targeted the central bank of the country as the villain of the piece. It was...
Today's tribe of global fund managers claim that they can beat the market and flaunt their expertise in sophisticated asset-allocation and risk-return strategies. Yet puzzlingly, in several...
Commonwealth Business Conference Public Face and Private Agenda D N Ghosh GLOBALISATION is no longer an exciting theme for international business conferences as it used to be in the early 1990s. The...
Gullibility of the Investor and Pastimes of Marketmen D N Ghosh "A SOLICITOR or two, a civil engineer, a parliamentary agent, possibly a contractor, a map of England, a pair of compasses, a pencil...
Will the forces that are shaping the world economy undermine some of the stability assumptions of today's largest and most powerful economy? What will be the impact of these forces on the developing...
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