After almost 15 years, following the flagship exchange-rate paper written by Kim and Roubini (K&R henceforth); we revisit the widely relevant questions on monetary policy, exchange rate delayed overshooting, inflationary ...

The paper argues that context is important in discussions of financial stability. It explores weaknesses in domestic and international reforms and ways of overcoming them, based on mitigating the fundamental failures finance ...

This paper investigates the information role of algorithmic traders (AT) in the Nifty index option market.I analyse a unique data set to test for information-based trading by looking at the effect of net buying pressure ...

Market frictions limit arbitrage, but these frictions affect different stocks differently. Using intraday data on a liquid single stock futures and spot market, we examine the arbitrage efficiency of these two markets. We ...

The imperative for energy security is paramount for global, national and internal stability and development. Using an indicator-based approach, the present study develops a framework for sustainable energy security of ...

Simultaneity issues as well as incorrect measurement of shocks and of the cyclical variable bias estimated slopes of the Indian aggregate supply curve (AS). Our initial Generalized Method of Moments estimation, based on a ...

This paper proposes a simple game-theoretic framework for analyzing the relationship between the government, industry and indigenous community, especially in the context of mounting violence surrounding displacement of ...

We analyze re-allocations within the international bond portfolios of US investors. The most striking empirical observation is a steady increase in US investors' allocations toward emerging market local currency bonds, ...

In developing countries, lack of formal contract enforcement mechanisms is compensated by informal or relational governance enforced through trust, kinship, reputation, etc. This paper focuses on one such setting in India's ...

In June 2012, the Government of India appointed an Expert Group (C. Rangarajan as Chairman) to take a fresh look at the methodology for the measurement of poverty. The Committee submitted its report towards the end of June ...