The recent global financial crisis (2007-09) has clearly highlighted the gravity of high financial inter-connectedness within the financial system. In the Indian context, this brief study attempts to explore the financial inter-connectedness between NBFCs (both deposit taking and non-deposit...

A closer look at the developments in 35 cities across China, looking for potential regional real estate bubbles. An assessment is done about the success of the various policies and their potential negative impact on the economy and the financial system.

China–India association in the BRICS bloc of countries is an example of multilateralism at its height. For China, the BRICS group holds a strategic significance as it is targeted towards the Western hegemony of the global financial structure and decisionmaking. In contrast, the group of...

Asset quality of banks has come under increasing pressure with rising NPAs and Restructured loans. The Gross NPA ratio for the banking system, which was 2.4% in March 2011, increased to 3.6 per cent by September 2012. Having seen the challenges before the Indian banking system, what are our...

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

The main objectives of this report are to identify and propose policies, factors and conditions that could mitigate or avoid double mismatches. policies here means any course of action pursued and adopted by the governing authorities as advantageous or expedient, that directly or indirectly...

India's development challenges. The India growth story was thrown off track by the global financial crisis which engulfed virtually every country in the world. We recovered from the crisis sooner than other countries, but the growth rate is yet to reach the pre-crisis level. There is widespread...