The paper assesses changes in the global financial architecture and related global governance. Despite useful reforms lacunae remain. Analysis of financial regulations and measures to address global imbalances show serious weaknesses in addressing risks from shadow banking and large banks that...

Should India's export promotion policies be targeted at accelerating export growth at the extensive (new trading relationships) or at the intensive margin (increase in trade of existing relationships)? To help answer this question, we undertake a comparative study of exports from India and China...

This piece analyzes the implications of the National Food Security Act for India's commitments under the WTO Agreement on Agriculture (AoA) in the context of widespread concern that they might be mutually incompatible. An analysis of support to rice and wheat for the period 1995-2012 suggests...

This paper uses the average of the percentile ranking of three measures of systemic risk - Granger Causality, Marginal Expected Shortfall, and Conditional Value at Risk - to calculate a single systemic risk index (SRI) for a lrm. The SRI is used to identify systemically important lrms (SIFs)...

I explore an empirically robust but previously undocumented association between the foreign exchange reserves accumulated by central banks of emerging market economies and dollar-denominated debt held in the balance sheets of non financial sector firms. Borrowing in dollars can have damaging...

We investigate the relationship between growth and deprivation in India, an issue of immense interest. Given the continuing controversy in India over poverty lines, we use a framework that rigorously assesses the impact of growth on the poor over a range of poverty lines. Using National sample...

With an urbanization level of 31.16 percent in 2011, India is the least urbanized country among the top 10 economies of the world. In addition, unlike other countries, the transition of workforce out of agriculture is incomplete. This coupled with jobless growth in recent years has contributed...

This paper seeks to improve our understanding of the behaviour of wholesale price index (WPI) of 24 selected food products in India over a long period of time. The hypothesis of declining trend in prices is not found for all commodities although we do find that price of food grains exhibit a...

Using data from the India Human Development Survey (IHDS) 2005, we examine intergenerational occupational mobility in India, an issue on which very few systematic and rigorous studies exist. We group individuals into classes and document patterns of mobility at the rural, urban and all-India...

The study revisits the properties of Group Differential (GD) measures and extends it to include monotonicity and policy sensitivity axioms. Imposing level sensitivity, which indicates that a given gap is worse off at higher (lower) level of attainment (failure), the study concurs that a simple...