In this article, I illustrate three approaches for calculating loss distributions and value-at-risk capital requirements in credit portfolios with obligor concentrations risk.

In this paper an analytical review of the capital adequacy regime and the present state of capital to risk-weighted asset ratio (CRAR) of the banking sector in India has been presented. In the current regime of Basel I, Indian banking system is performing reasonably well, with an average CRAR of...

Over its five year term, the 15th Lok Sabha was disrupted frequently and witnessed a decline in time spent on legislation and oversight of the government. Disruptions over the allocation of 2G spectrum, coal blocks, FDI in retail, demand for Telengana, and the Commonwealth Games were the...

This paper examines who contributes and who persists in contributing in a national, voluntary, defined contributory pension program, where the government provides the incentive of matching contributions of a minimum amount (USD 16). The paper uses proprietary data from a financial services firm...

This volume focuses on factors that have contributed to the deterioration of the U.S. trade balance and the erosion of American competitiveness.

A discussion of the perceived widening wage gap between skilled and unskilled workers that analyzes the implications of such a gap upon trade in the context of NAFTA.

Seemingly common-sense taxation approaches raise issues of equity, tax administration, and unintended economic consequences.