Distributed ledger technology in payments, clearing, and settlement

Author – David Mills – Kathy Wang – Brendan Malone – Anjana Ravi – Jeff Marquardt – Clinton Chen – Anton Badev – Timothy Brezinski – Linda Fahy – Kimberley Liao – Vanessa Kargenian – Max Ellithorpe – Wendy Ng – Maria Baird Overview Digital innovations in finance, loosely known as fintech, have garnered a Read More …

Liquidity and Profitability Trade-off: A Study of Indian Pharmaceutical Companies

Author Ashok Kumar Panigrahi Namita Raul Chaitrali Gijare Abstract Liquidity plays a vital role in the successful functioning of every business. The important part in managing working capital is maintaining liquidity on a day-to-day basis to ensure the smooth running of the organisation and to meet its obligations. Hence, it is very important to keep Read More …

From Preparation to Implementation: A Training Programme on Gender Sensitization and Sexual Harassment at a PSU in India

Author – Deepak Sharma – Chandra Prakash Purohit Abstract This paper is based upon a training session conducted on Gender Sensitization and Prevention of Sexual Harassment in India’s flagship national oil company. The Vishaka Guidelines as well as The Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 have made it mandatory Read More …

Application of k-Laplace transform to estimate the time value of money in quantitative finance

Author V. R. Lakshmi Gorty Abstract In this study, the fractional Laplace transforms is shown to be more useful to deduce existing value rules. Not many analytic solutions exist for present value problems; with k-Laplace transforms, some of the closed form solutions are efficient. The boundary of the integral is from 0 to some finite Read More …

Nature of Relationship Between Inflation and Savings: Evidence from India

Author – Madhunika Iyer, under the Guidance of Dr. Shreya Biswas Abstract This paper investigates the importance of inflation in explaining the recent slowdown in savings in India using time series data for the period 1971-2015. Using Autoregressive Distributed Lag Co-integration technique, it was estimated that in the long-run, inflation has a negative impact on Read More …

Potential GDP Growth for China and India: What Growth Rate is Sustainable?

Author PAUL KUTASOVIC Abstract In this manuscript, we determine the sources of historic growth for the economies of India and China. Next, we estimate potential GDP growth for each country. The study concludes that India is more favorably positioned for long-term growth than China with a higher steady state growth rate. It is a large Read More …

The True Legacy of Communism

Author MAHFUZ R. CHOWDHURY Abstract The socio-economic system that we used to live in was known as capitalism, where people could use their private properties for their personal gain. With the advent of the industrial revolution in the late eighteenth century, the exploitation of the labor class under capitalism became very prominent. To counter this, Read More …

Exchange Market Pressures in Egypt: Logit and Probit Early Warning Systems

Author Osama El-baz Abstract This paper investigates the nature of exchange market pressures in Egypt, monetary policy responses as well as the effectiveness of monetary interventions in the foreign exchange market. Empirical analysis revealed that the exchange market in Egypt has been exposed to persistent downward pressures, which has been exacerbated starting from 2011. The Read More …