The current economic predicament may be termed actually, a glimpse of the repercussions that the value-free modern economic paradigm can bring about to the modern world. Notwithstanding, in the current crisis-prone scenario, the big question arises that what are the possible solutions to this...

The macroprudential regulatory framework of Basel III imposes the same capital and liquidity requirements on all banks around the world to ensure global competitiveness of banks. Using an agent-based model of the financial system, we find that this is not a robust framework to achieve...

The world economy -- International monetary measures -- The exchange rate and competitiveness -- Consumption, saving and investment -- Saving, investment and capital flows -- Interest parity -- The government budget and fiscal policy -- The Central Bank and monetary policy -- Macroeconomic...