Trade Liberalization and Inequality: Re-examining Theory and Empirical Evidence

This paper re-examines the theoretical and empirical evidence regarding the impact of trade liberalization on income inequality and attempts to identify areas for future research. Since the 1980s, there has been a rise in inequality in both the developed and developing world. This was also the time when many developing countries liberalised their trade regimes, Read More …

Personality Dimensions as a correlate of Work Engagement: A Study of working women in Indore city

Work engagement is a vital HR variable for all organizations to sail through in this cut-throat era of competition as engaged employees are brand representatives and help the organization deliver superior performance to gain competitive advantage. Different personality dimensions relate to satisfaction in a particular task (Judge, Heller & Mount, 2002), predict job performance in Read More …

Microfinance on Poverty Alleviation: Empirical Evidence from Indian Perspective

This paper is a modest attempt to collect data from northern, southern and central India to analyze the impact of micro finance on poverty through empirical evidence from across the country. The respondents were divided into two groups, Participants and Non-Participants. Participants were members of Self Help groups (SHGs) which have benefited from credit and Read More …

Basel-III: Cost-Benefit analysis for Indian Banks

After the financial crisis of 2008-09, Basel Committee on Banking Supervision (BCBS) suggested implementing the Basel-III accord, which is expected to increase the banking sector’s ability to absorb shocks arising from macro-economic conditions. Basel-III mainly emphasizes the need for additional capital besides maintenance of liquidity and leverage ratios. The additional capital required will result in Read More …

Bank Recapitalisation: Bail-out or Bail-in

Author Sashi Sivramkrishna Abstract Using sectoral T-accounts, this paper analyzes the implications of bank bail-outs and bank bail-ins. Contrary to popular opinion, bank bail-outs do not utilize taxpayers’ money. Moreover, bank bail-outs funded through recapitalization bonds or deficit financing and bail-ins have similar net effects on sectoral balance sheets. There are, however, questions of moral Read More …

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

Author Paul Kutasovic New York Institute Of Technology 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 Read More …

A Survey of Systemic Risk Analytics

Author Dimitrios Bisias, Mark Flood, Andrew W. Lo Stavros Valavanis Abstract We provide a survey of 31 quantitative measures of systemic risk in the economics and finance literature, chosen to span key themes and issues in systemic risk measurement and management. We motivate these measures from the supervisory, research, and data perspectives in the main Read More …