Risky products cause two types of costs for society; the accident costs and the insurance costs. Liability rules allocate these costs between the parties involved. The expansion in the scope of product liability over the past thirty years has increased the cost of third-party liability...

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...

There has been an increase in the demand for infrastructure services and opening up of the infrastructure sector for private investment. As a result, a large number of financial intermediaries and private sector participants would the financial market to raise long term funds in Bangladesh. It...

Pension assets have seen rapid growth world-wide over the past decades, although they suffered large losses during the global financial crisis of 2007–2008. Such growth is notably due to both structural and parametric pension reforms since the 1980s. In the Asian region too, the pension...

This policy study seeks to move the debate on labour standards beyond the present stalemate onto a more constructive plane. While closely examining the economic arguments in this controversy, it is also concerned with the broader political and moral dimensions. The authors suggest that...

This Report is focused on the informal or the unorganized economy which accounts for an overwhelming proportion of the poor and vulnerable population in an otherwise shining India. It concentrates on a detailed analysis of the conditions of work and lives of the unorganized workers consisting of...

In the context of the changing economic environment, this analysis is of particular relevance to Third World countries, who are currently being asked and/or actively encouraged to implement the "globalisation" strategy. The paper will analyse the globalisation strategy and discuss the critical...

The article is a report of RBI Minister Duvvuri Subbarao on issuesing concerning the G-20 countries and also issues effecting all the countries collectively.