The paper examines the current problems with the IMF which include: 1) the institution is no longer fulfilling the functions it used to fulfil, nor is there a clear vision of any new functions for it; 2) due to a drastic pruning of its loan operations, it is not receiving enough revenue to cover...

In this paper, we seek to make a twofold contribution. On outcomes, we focus on manufacturing exports as well as on manufacturing output both in the aggregate and in selected sectors. On policy, the impact of three distinct actions—emissions reductions per se; emissions tradability; and...

In this paper I review the use of precautionary measures aimed at mitigating emerging markets’ exposure to fragility associated with financial integration. The discussion draws possible lessons from the ongoing global liquidity crisis. The fear of losing international reserves (IR)...

Developments in the financial sector have led to an expansion in its ability to spread risks. The increase in the risk bearing capacity of economies, as well as in actual risk taking, has led to a range of financial transactions that hitherto were not possible, and has created much greater...

The study uses co-integration and vector auto-regression (VAR) techniques to identify the determinants of income velocity of money (VM) in Bangladesh, covering both narrow and broad money. The study observes that financial development affects VM negatively. The VAR estimates show that two...

This article is an attempt to look at debates in the light of the Assemblies' tryst with panchayats. It should be noted that it is not an evaluation of what transpired in the state Assemblies. In view of the time constraint, the Assembly proceedings of only four states have been covered under...

Aa framework for the analytical treatment of terrorist problems is suggested and then brings out the importance of financial and socio-economic factors. The framework classifies the various causes of terrorism into necessary, precipitating, facilitating and perpetuating factors [WP 10]

Annual report of RBI for the year 2006-07

This paper looks at rural infrastructure facilities in India, the lack of which is demonstrated to be an impediment to sustained economic development. It is argued that problems of rural infrastructure provision are different from those of the urban, given the smaller size, density and per...

A review of several decades of scholarship on civil war, focusing on the answers to key questions: Why do wars begin? Who fights? How are armed groups organized? How can we end and prevent internal war? A survey of the growing body of macroeconomic and microeconomic evidence to assess the...