This paper tests financial contagion due to interbank linkages. For identification we exploit an idiosyncratic, sudden shock caused by a large-bank failure in conjunction with detailed data on interbank exposures. First, we find robust evidence that higher interbank exposure to the failed bank...

Caste-based quotas in hiring have existed in the public sector in India for decades. Recently there has been debate about introducing similar quotas in private sector jobs. This paper uses an audit study to determine the extent of caste-based discrimination in the Indian private sector. On...

The world's biggest and arguably most aggressive form of employment based affirmative action policy for minorities exists in India. This paper exploits the institutional features of federally mandated employment quota policy to examine its effect on labor market outcomes of two distinct minority...

The Special Report on Emissions Scenarios (SRES) has been widely used to analyze climate change impacts, vulnerability and adaptation. The storylines behind these scenarios outline alternative development pathways, which have been the base for climate research and other studies at global,...

This paper examines the effect of prior participation in early childhood developmental programs, considered endogenous, upon 7-19 years olds' school enrollment and grade progression in rural North India. It hopes both to extend to less developed countries recent influential research on the...

When India initiated economic reforms in July 1991 to deal with the consequences of the balance of payments crisis the country also started to open its economy to international trade - if only gradually. Over the years, this policy has been criticized by NGOs as harming the poor through...