Managing capital flows is the key policy challenge for emerging economies like India in the aftermath of the crisis. In contrast to other emerging markets who are levying capital controls, India's macro-monetary framework is distinguished by significant restrictions that help manage inflows....

Uncertainty and unpredictability faced by low-income households increase their vulnerability making poverty even more unbearable. India¡¦s National Bank for Agriculture and Rural Development (NABARD)-initiated Self-Help Group (SHG) program, which is currently the largest and fastest growing...

Microfinance programs like the Self Help Bank Linkage Program in India have been increasingly promoted for their positive economic impact and the belief that they empower women. However, only a few studies rigorously examine the link between microfinance and women's empowerment. This paper...

This paper analyzes the influence of market discipline on the risk-taking incentives of banks. It is shown that market discipline reduces risk if banks can credibly commit to a given level of risk before the interest rate on deposits is set. If, however, the bank can readjust the level of risk...

In this paper we present an analytical review of the capital adequacy regime and the present state of capital to risk-weighted asset ratio (CRAR) of the banking sector in India. In the current regime of Basel I, Indian banking system is performing reasonably well, with an average CRAR of about...

The provision of business training with microfinance leads to a positive impact on assets for the participating households. We correct for membership selection bias and account for potential training endogeneity with propensity score matching, using data from the Self Help Group microfinance...

We evaluate the impact of training provided by facilitators of Self Help Groups (SHGs). This evaluation provides one of the first studies of the impact of 'microfinance plus', or the disbursement of services beyond credit. Indian SHGs are mainly NGO-formed microfinance groups but funded by...

We evaluate the effect of delivery mechanisms for training provided by facilitators of self help groups (SHGs). Indian SHGs are unique in that they are mainly NGO-formed microfinance groups but later funded by commercial banks. We correct for both membership and training endogeneity. Training...

We evaluate the effect of training, in both skill development and human capital, provided by facilitators of self help groups (SHGs). Indian SHGs are unique in that they are mainly NGOformed microfinance groups but later funded by commercial banks. The results suggest that, in general, training...

We evaluate the effect of Self Help Group participation on a long term impact parameter, namely asset creation. Indian Self Help Groups (SHGs) are unique in that they are mainly NGO-formed microfinance groups but later funded by commercial banks. The results reveal that longer membership in SHGs...