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This paper provides an analysis of India’s existing regulatory regime and its evolution over the last 25 years, and the … efforts to improve the regulatory framework as India has transitioned towards a market economy. The paper argues that while … India has implemented many sector specific regulatory reforms, the absence of a government wide initiative to improve …
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Papers presented at the national conference on regulatory performance in India: achievements, constraints and ruture …
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Despite having a low exposure to the toxic assets involved in the sub-prime crisis and a gradualist approach towards liberalization of the financial sector, certain parts of the Indian financial sector were significantly affected by the global financial crisis. The consequent tightening of...
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We employ loan-level data on over a million loans disbursed in India between 1995 and 2010 to understand how fast …-changing regulation impacted mortgage lending and risk. Our paper uses changes in regulatory treatment discontinuities associated with … loan size and leverage to detect regulation-induced loan delinquencies. We also find that an acceleration in the …
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