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Reforming India's External, Financial, and Fiscal Policies
  • Language: en
  • Pages: 280

Reforming India's External, Financial, and Fiscal Policies

  • Type: Book
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  • Published: 2003
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  • Publisher: Unknown

This book examines both significant achievements and setbacks in economic policy made in India throughout the 1990s.

Research Handbook on Central Banking
  • Language: en
  • Pages: 589

Research Handbook on Central Banking

Central banks occupy a unique space in their national governments and in the global economy. The study of central banking however, has too often been dominated by an abstract theoretical approach that fails to grasp central banks’ institutional nuances. This comprehensive and insightful Handbook, takes a wider angle on central banks and central banking, focusing on the institutions of central banking. By 'institutions', Peter Conti-Brown and Rosa Lastra refer to the laws, traditions, norms, and rules used to structure central bank organisations. The Research Handbook on Central Banking’s institutional approach is one of the most interdisciplinary efforts to consider its topic, and includes chapters from leading and rising central bankers, economists, lawyers, legal scholars, political scientists, historians, and others.

Development Economics
  • Language: en
  • Pages: 262

Development Economics

What is Development Economics The study of economics that focuses on the economic aspects of the development process in low- and middle-income nations is referred to as development economics. It is not only concerned with the techniques of fostering economic development, economic growth, and structural change, but it is also concerned with enhancing the potential for the majority of the people. For instance, it focuses on improving the circumstances of the workplace, education, and health care, and it takes this approach through either public or private channels. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Development economics Chapter 2: Mercant...

What is Responsible for India’s Sharp Disinflation?
  • Language: en
  • Pages: 37

What is Responsible for India’s Sharp Disinflation?

We analyze the dramatic decline in India’s inflation over the last two years using an augmented Phillips Curve approach and quantify the role of different factors. Our results suggest that, contrary to popular perception, the direct role of lower oil prices in India’s disinflation was relatively modest given the limited pass-through into domestic prices. Instead, we find that inflation is a highly persistent process in India, reflecting very adaptive expectations and the backward looking nature of wage and support price-setting. As a consequence, we find that a moderation of expectations, both backward and forward, and a rationalization of Minimum Support Prices (MSPs), explain the bulk of the disinflation over the last two years.

Managing Globalization in the Asian Century
  • Language: en
  • Pages: 413

Managing Globalization in the Asian Century

The global centre of gravity continues to shift to the Asia-Pacific, the most dynamic region in the world. These economies have generally grown faster for longer periods of time than any other major region in world history. Their embrace of globalization has been a central feature, and driver, of their dynamism. The management of Asia-Pacific economic integration and globalization is crucial not only for the countries themselves but also for the state of the global economy, including importantly latecomer developing economies who look to the region for analytical and development policy lessons. Twenty-eight leading international authorities in the field, drawn from nine countries, provide a ...

Coalition Politics and Economic Development
  • Language: en
  • Pages: 267

Coalition Politics and Economic Development

Coalition Politics and Economic Development challenges the conventional wisdom that coalition government hinders necessary policy reform in developing countries. Irfan Nooruddin presents a fresh theory that institutionalized gridlock, by reducing policy volatility and stabilizing investor expectations, is actually good for economic growth. Successful national economic performance, he argues, is the consequence of having the right configuration of national political institutions. Countries in which leaders must compromise to form policy are better able to commit credibly to investors and therefore enjoy higher and more stable rates of economic development. Quantitative analysis of business surveys and national economic data together with historical case studies of five countries provide evidence for these claims. This is an original analysis of the relationship between political institutions and national economic performance in the developing world and will appeal to scholars and advanced students of political economy, economic development and comparative politics.

Appeasing Bankers
  • Language: en
  • Pages: 246

Appeasing Bankers

In Appeasing Bankers, Jonathan Kirshner shows that bankers dread war--an aversion rooted in pragmatism, not idealism. "Sound money, not war" is hardly a pacifist rallying cry. The financial world values economic stability above all else, and crises and war threaten that stability. States that pursue appeasement when assertiveness--or even conflict--is warranted, Kirshner demonstrates, are often appeasing their own bankers. And these realities are increasingly shaping state strategy in a world of global financial markets. Yet the role of these financial preferences in world politics has been widely misunderstood and underappreciated. Liberal scholars have tended to lump finance together with ...

Superpower?
  • Language: en
  • Pages: 269

Superpower?

In his career as a journalist and one of India’s top entrepreneurs, Raghav Bahl has often faced a barrage of questions from visiting businesspeople bewildered by India: Why are Indian regulations so weak and confusing? Why is your foreign investment policy so restrictive? How is it that you speak such good English? Inevitably, the questions are followed by the observation: But, you know, that’s not the way it is in China. Indeed, even as the two economies are together projected to dominate the world, there is a palpable difference in the way China and India work on the ground. China is spectacularly effective in building infrastructure and is currently investing almost half its GDP. Mean...

Enterprising Worlds
  • Language: en
  • Pages: 293

Enterprising Worlds

This book is the culmination of several years of work by geographers, planners, and economists. The chapters included in this volume represent the collective efforts of the International Geographical Union’s Commission on the Dynamics of Economic Spaces, at their 2005 annual meeting in Toledo, Ohio (USA). The papers were selected based on their contribution to the community of economic geographers and policymakers and to demonstrate the inherent interconnectedness of these themes.