There are various conceivable links between services liberalization and poverty reduction, including the efficiency effects associated with increased competition in intermediate (infrastructural) services, income transfers generated by workers moving abroad, or the mobilization of private...

Nine preliminary lessons from the Great Recession for monetary and financial policies are presented. [3rd P. R. Brahmananda Memorial Lecture].

This paper strongly suggests that India has been far more intricately integrated with the rest of Asia than has commonly been perceived or acknowledged. This is particularly the case if overall value chain division is defined to include research and development, physical production,...

A lively debate is taking place over the impact of free trade agreements (FTAs) on East Asia's business between those who view the agreements as a harmful Asian "noodle bowl"—i.e., overlapping regional trade agreements—of trade deals and others who see net beneficial effects in...

Using data of non-financial listed firms over a period of 1999-2010, this paper investigates the effectiveness of balance sheet channel in monetary transmission mechanism in Pakistan. By classifying firms as SME and large, this paper finds a strong evidence for the existence of net worth channel...

Lack of full regional connectivity is one of the major constraints hindering regional growth and integration in Asia, as well as with the rest of the world. One of the conclusions of this paper is that Asia must strengthen its physical connectivity to make it a conduit for international trade...

This study analyses the demand and supply side determinants of textile and garments’ exports of Pakistan using time series data for the period 1972– 2010. Eight trading partners (US, UK, Canada, Italy, France, Japan, Spain and UAE) contributing major share in this trade have been...

This paper examines the degree of de facto exchange rate flexibility for India over the last two decades. While there is a diversity of methods that measure de facto exchange rate regimes, none individually encapsulate all the applicable characteristics of an actual regime. It is therefore...

This paper contributes to two strands of literature on empirical models of trade flows and trade policy. The first and the older strand is that of gravity models of bilateral trade flows going back to Hans Linneman (1966) and Tinbergen (1962) and its recent applications, particularly by Adams et...

This paper evaluates the real-time performance of the growth rate of the DSE-ECRI Indian leading index for exports for predicting cyclical downturns and upturns in the growth rate of Indian exports. The index comprises the 36-country real effective exchange rate and leading indices of...