Tag Search: “banking”
An illusory Phillips curve: Is now the right time for a rate hike?
The Phillips curve represents an inverse relationship between inflation and unemployment. In this post, Parantap Basu argues that the ‘illusory’ Phillips curve in western industrial nations is driven ...
- Parantap Basu
- 19 May, 2022
- Perspectives
Can access to finance spur entrepreneurship in Indian informal sector?
Credit constraints, a consequence of the widespread failure of credit markets in developing countries, are widely regarded as a key constraint to entrepreneurship. Using 2010-11 and 2015-16 National S...
- Ira N. Gang Rajesh Raj S.N. Kunal Sen
- 12 May, 2022
- Articles
Consumption smoothing and household savings: Role of demographics and durables
Canonical predictions of life-cycle models indicate that households will smooth consumption over their lifetimes. Conversely, empirical data from high-income countries have shown that consumption cont...
- Neha Bairoliya Areendam Chanda
- 25 April, 2022
- Articles
A microfinance model to enhance borrowers’ lifetime utility
Research has shown that providing credit along with services such as savings instruments, can increase the utility that borrowers obtain from credit. Presenting a theoretical model where microfinance ...
- Dyotona Dasgupta Prabal Roy Chowdhury
- 11 April, 2022
- Articles
International financial architecture and emerging economies
Policy responses to Covid-19 have been a mix of fiscal and monetary policy – with the latter doing the heavy-lifting in both developed and developing countries. Against this backdrop, in this edition ...
- Viral Acharya Amartya Lahiri
- 05 April, 2022
- Videos
International financial architecture and emerging economies
Policy responses to Covid-19 have been a mix of fiscal and monetary policy – with the latter doing the heavy-lifting in both developed and developing countries. Against this backdrop, in this edition ...
- Viral Acharya Amartya Lahiri
- 05 April, 2022
- Podcasts
How do RBI’s actions (and words) affect financial markets?
Financial markets in developed countries are known to react substantially to monetary shocks, that is, surprise changes in policy rates announced by the central bank. Based on a narrative analysis of ...
- Aeimit Lakdawala Rajeswari Sengupta
- 09 March, 2022
- Articles
Mind the tone: Text analysis of Monetary Policy Committee statements
Government of India appoints three external members on the six-member Monetary Policy Committee, and the statements of all MPC members are released after every committee meeting. Based on data from 30...
- Vidya Mahambare Jalaj Pathak
- 31 January, 2022
- Articles
Evaluating the risks in opening up the banking sector
The RBI (Reserve Bank of India) has accepted some of the key recommendations of the Internal Working Group (IWG) to Review Extant Ownership Guidelines and Corporate Structure for Indian Private Sector...
- K. Srinivasa Rao
- 14 January, 2022
- Perspectives
Thinking about financial sector reforms in India
A key element of the economy that needs to function well in order to facilitate India’s strong and sustained recovery from the pandemic is the financial system. In this post, Sengupta and Vardhan dis...
- Rajeswari Sengupta Harsh Vardhan
- 15 November, 2021
- Perspectives
Credit risk management policies of banks: A new approach
Despite increasing robustness of banks and multipurpose liquidity provided by the Reserve Bank of India, there is no perceptible improvement in credit growth. K. Srinivasa Rao proposes a new approach ...
- K. Srinivasa Rao
- 22 October, 2021
- Perspectives
Impact of information disclosure on consumer behaviour: The case of high-risk bonds
In April 2021, Yes Bank was fined by India’s market regulator for inadequate information disclosure – high-risk bonds were mis-sold to high net-worth investors without accurately informing them about ...
- Niyati Agrawal Monami Dasgupta Monika Halan Misha Sharma Madhu Srinivas
- 09 August, 2021
- Articles