This paper provides an overview of the Reserve Bank of India’s approach to macroprudential regulation and systemic risk management, and reviews lessons drawn from the Indian experience. It emphasizes the need for harmonization of monetary policy and prudential objectives, which may not be...

The speech tries to underline some lessones that be drawn from the financial crisis relevant to regulation, financial markets and the market infrastructure and to reflect on these. [Annual Conference of Foreign Exchange Dealers’ Association of India (FEDAI) at Kolkata].

Evolution of the financial sector regulation in India, particularly focusing on the elements of the policy framework which have contributed to the broader stability in the financial sector is depicted here. Perspectives on some of the key issues in the current debate on future of financial...

India's financial sector reform path has been a measured, cautious and steady process, aiming to attain standards of international best practice, but fine-tuning the process keeping the context in view. Although much has been achieved, this paper focuses on the remaining gaps. But post-crisis...

What began as a sub-prime crisis in the US housing mortgage sector in the second half of 2007 has turned successively into a global banking crisis, global financial crisis and now a global economic crisis. With the spread of the contagion from the financial to the real sector, it is now expected...

The results highlight the conflicting interests of countries — to stabilize exchange rates or to keep the option of exchange rate depreciation in order to maintain competitiveness of domestic tradable producers. With deepening integration in East Asia, however, the desire for exchange...

The information and communication technology (ICT) revolution of the past 3 decades has transformed the world into an integrated marketplace. Today, producers and consumers alike are able to compare the prices of local businesses and worldwide sellers. For an increasing number of tradable goods,...

Looking back at the history of the World Trade Organization (WTO), major accords that have been reached under the multilateral framework to date are in substance issue-based “plurilateral†agreements. This paper looks at some specific examples of issue-based plurilateral...

This paper analyzes the current status of fisheries and aquaculture in Southeast Asia and international trade. Analysis concludes that a policy of sustainable management for both capture fisheries and aquaculture is of greatest importance, but such a policy has been neither planned nor...

This paper investigates the effect of regional borders on trade in Asia. The regional borders define the three regions of Asia : South, Southeast, and East Asia. Regional trade indicates the flows of trade within a region, whereas regional border trade means trade across regions. A gravity model...