A brief description of the role of Mutual Funds in money markets and government securities makets are provided. Some of the regulatory issues that arise are discussed. The role of Mutual Funds in financial inclusion is provided. [Address at the CII 7th Edition of Mutual Fund Summit]....

The IMF attempts to stabilize private capital flows to emerging markets by providing public monitoring and emergency finance. In analyzing its role we contrast cases where banks and bondholders do the lending. Banks have a natural advantage in monitoring and creditor coordination, while bonds...

The domestic bond markets of the Asia and Pacific region have grown considerably since the Asian financial crisis of 1997, although they remain undeveloped relative to the region’s weight in the world economy. This paper proposes that in order to encourage further development of these...

This paper argues that with the recent economic reforms, an efficient and active debt market, particularly in long-term private debt instruments, is essential for the country to realize the full benefits of the reform process and to achieve its potential.

Evolution of the financial sector regulation in India, particularly focusing on the elements of the policy framework which have contributed to the broader stability in the financial sector is depicted here. Perspectives on some of the key issues in the current debate on future of financial...

What are major factors behind underdevelopment of corporate bond market in India? One of the major bottlenecks to the development of this market lies in relatively larger costs of financing which dissuade the firms to raise finance from this avenue. Policies that ensure better production of...

This paper examines in its first part, the views of leading European academics, politicians, lobbyists and opinion-makers on the issue of relations with Asia. The second part of this paper looks at what might be done to improve the Asian side of things. Two measures are proposed. First, there...

The important determinants that have influence on travellers to choosing a particular airline are analysed. Data from primary and secondary sources have been used for this paper. A field survey was conducted for primary data in which a sample of 45 respondents was interviewed.