This Policy Brief discusses the proposed amendments to Republic Act No. 7653 (RA 7653). The first part briefly presents the mandate of the Bangko Sentral ng Pilipinas (BSP). It then describes the financial sector’s challenges that necessitate the amendment of the said law. The salient...

The paper reviews India’s macroeconomic performance and policies since 2000. The first section briefly summarizes key macroeconomic developments regarding economic growth, inflation, external balance, the fiscal situation and aggregate savings and investment. The second section considers...

China’s economy is booming at the expense of its environment. The country’s resource efficiency is nowhere near the level of western nations. Per unit of gross domestic product China consumes more than four times as much energy. The most serious environmental problems facing the...

State of the Economy and prospects. URL:[http://www.indiabudget.nic.in/es2010-11/echap-01.pdf].

This paper argues that the Republic of Korea (hereafter Korea) is not immune to global crises, but that a more than proportional response of gross domestic product to global crises does not seem to be the general case either. Along this line of reasoning, Korea’s extreme response to the...

Malnutrition and under nutrition are critical issues in Maharashtra. In spite of being a high growth state in the country, it has occasionally remained in the news due to deaths caused by under nutrition in the recent past. Basically, there is an attempt made to evaluate ICDS which is a...

A simple theory is developed which formally describes how charities can resolve the information asymmetry problems faced by small donors by working with large donors to generate quality signals. To test the model, two large-scale natural field experiments were conducted. In the first experiment,...

Economic Survey-Chapter1. [Economic Survey]. URL:[http://indiabudget.nic.in/survey.asp]

The Minister of Finance, Mr. Arun Jaitley, presented the Union Budget 2014-15 to Parliament on July 10, 2014. In this context, some statistics related to budget expenditures, receipts and deficits.

The Philippine domestic economy shrunk to 3.7 percent in 2011, after a growth of 7.6 per cent in 2010. Outlook for 2012 is relatively sanguine with the government hinging its optimism on robust consumer demand and a more vigorous public spending. However, downside risks to growth persist with...