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The Unholy Trinity : Regulatory Forbearance, Stressed Banks and Zombie Firms
Chari, Anusha; Jain, Lakshita; Kulkarni, Nirupama - National Bureau of Economic Research - 2021
During the global financial crisis, the Reserve Bank of India enacted forbearance measures that lowered capital … assets in India's predominantly state-owned banking system is consistent with accounting subterfuge …
Persistent link: https://www.econbiz.de/10012482651
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India Transformed? Insights from the Firm Level 1988-2005
Alfaro, Laura - 2009
Using firm-level data this paper analyzes the transformation of India's economic structure following the implementation …
Persistent link: https://www.econbiz.de/10012463201
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Firm-Specific Information and the Efficiency of Investment
Chari, Anusha - 2006
We use a new firm-level dataset to examine the efficiency of investment in emerging economies. In the three-year period following stock market liberalizations, the growth rate of the typical firm's capital stock exceeds its pre-liberalization mean by an average of 5.4 percentage points....
Persistent link: https://www.econbiz.de/10012466482
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Understanding Inflation in India
Ball, Laurence - 2016
This paper examines the behavior of quarterly inflation in India since 1994, both headline inflation and core inflation … headline inflation feed into expected inflation and future core inflation. Several aspects of India's inflation process are …
Persistent link: https://www.econbiz.de/10012455732
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Deregulation, Misallocation, and Size : Evidence from India
Alfaro, Laura - 2012
This paper examines the impact of the deregulation of compulsory industrial licensing in India on firm-size dynamics …
Persistent link: https://www.econbiz.de/10012460010