In recent years, BRIC countries have demonstrated high rates of economic growth, rapid increases in GDP per capita and growing capital accumulation, and have been playing an increasingly important role in the global economy. However, as middle-income countries (low-income in the case of India),...

This paper analyses the need, significance and the advantages of ‘reforms in institutional finance for inclusive growth’ in the context of Indian economy and offers some practicable suggestions from the functional perspective. India’s Rural Financial Architecture (RFA) is subject to...

With remittances to the developing countries reaching USD 251 billion in 2007, there has been a recent surge of interest to understand the effective channelization of this flow of remittances for providing a variety of financial services desirable to the poor households in the receiving regions,...

Should goverment finance political parties? According to this paper, yes. Specially in peruvian case where social conflict is frequent because this is a more efficient way to put an issue in public agenda instead of building a political party. A formal model of cost benefit is presented to...