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Essays In Monetary Policy For Emergingmarket Economies., Sargam Gupta Dr.
Essays In Monetary Policy For Emergingmarket Economies., Sargam Gupta Dr.
Doctoral Theses
The eectiveness of monetary policy in emerging market economies (EMEs) depends on both internal and external factors. Central banks in EMEs have been grappling with volatile capital ows and instability in exchange rates, as a result of unconventional monetary policies adopted by advanced economies (AEs) in the post Global Financial Crisis (GFC) period of 2008-2009 (see Dedola et al. (2017) and Korinek (2018)).1 Concerns related to the inadequacy of monetary policy in EMEs in stabilizing exchange rates have also been raised in a recent speech delivered by Agustin Carstens at the London School of Economics.2 Domestically, what makes monetary policy …
Price Vs Quantity: Essays On Strategic Choice In Differentiated Oligopoly., Arindam Paul Dr.
Price Vs Quantity: Essays On Strategic Choice In Differentiated Oligopoly., Arindam Paul Dr.
Doctoral Theses
Industrial economists are often interested in comparing different market structures which are primarily based on their market outcomes and then try to determine the best market structure considering either the society’s welfare or the firm’s profit and sometimes considering both. In this context, the "Cournot-Bertrand comparison" is one such important comparison that has often been analyzed in the literature of industrial economics. The main structural difference between Cournot competition and Bertrand competition arises due to the strategic variable through which firms interact with each other in the market. To be more specific, in case of Cournot competition, firms compete with …
Essays On The Dynamics Of Credit Contracts., Dyotona Dasgupta Dr.
Essays On The Dynamics Of Credit Contracts., Dyotona Dasgupta Dr.
Doctoral Theses
No abstract provided.
Modeling Reit Returns With Macroeconomic, Monetary Policy And Financial Variables In The Frameworks Of Structural Break And Regime-Switching Var: Evidence From The Usa And The Uk., Mahamitra Das Dr.
Doctoral Theses
This thesis is basically concerned with studying the various relationships involving REIT returns, inflation, monetary policy variables, and general equity market returns in the USA and the UK markets by considering modeling approaches which allow for either structural breaks or regime-switching behavior in the relationship. Although study of such relationships, especially the one involving inflation and REIT returns, have evoked significant interest amongst researchers, the number of such studies is still very few in number. Moreover, there is an element of ‘puzzle’ embedded in this relationship. Hence, it is imperative as well as interesting that further empirical investigations are done …
Modelling The Links Between Inflation, Output Growth, Inflation Uncertainty And Output Growth Uncertainty In The Frameworks Of Regime-Switching And Multiple Structural Breaks: Evidence From The G7 Countries., Kushal Banik Chowdhury Dr.
Modelling The Links Between Inflation, Output Growth, Inflation Uncertainty And Output Growth Uncertainty In The Frameworks Of Regime-Switching And Multiple Structural Breaks: Evidence From The G7 Countries., Kushal Banik Chowdhury Dr.
Doctoral Theses
One of the long-standing and most investigated issues in macroeconomics is the nature of the relationship between inflation and output growth. Given this relationship as a central point of intense interest, one strand of studies has focused on the levels of the two series, while, more recently, an overgrowing body of research has highlighted the importance of the effects which are due to both the levels and the uncertainties associated with these two variables. These studies raise a number of interesting issues regarding the relationship between inflation and output growth. First, is there any direct effect of inflation on output …
Modelling Stock Returns In 'Volatility-In-Mean' Framework Under Up And Down Market Movements, Srikanta Kundu Dr.
Modelling Stock Returns In 'Volatility-In-Mean' Framework Under Up And Down Market Movements, Srikanta Kundu Dr.
Doctoral Theses
The first chapter of this thesis begins with a brief review of the existing literature on empirical studies on stock returns, especially those in the context of the relationship between risk and return, at both univariate and multivariate levels. In the next section, studies on the relationship between stock return and monetary policy are reviewed. The motivation of this work is discussed in Section 1.4. Finally, the format of the thesis is given in Section 1.5.A Brief Review of the Literature on Risk-Return Relationship-Both Univariate and Multivariate Cases. In this section, we first present a brief review of this literature …
Wealth Inequality And Economic Performances., Sahana Roy Chowdhury Dr.
Wealth Inequality And Economic Performances., Sahana Roy Chowdhury Dr.
Doctoral Theses
Ever since the inception of Development Economics as a separate discipline inequality has been a major area of extensive study. Economists and researchers have deliberated both on the causes and the effects of inequality in a wide range of treatise, books and essays. So far, in this regard, two fundamental approaches came across viz., the Classical approach and the Credit Market Imperfection approach. The Classical approach was originated by Smith (1937) and was further interpreted and developed by Keynes (1920), Lewis (1954), Kaldor (1957), and Bourguignon (1981). According to this approach, savings rate is an increasing function of wealth and …
Selected Aspects Of Performance Of Indian Industries: An Empirical Investigation., Anup Kumar Bhandari Dr.
Selected Aspects Of Performance Of Indian Industries: An Empirical Investigation., Anup Kumar Bhandari Dr.
Doctoral Theses
At the time of India’s independence the need of the hour was to develop the economy at a fast pace so as to achieve a reasonable standard of living for the masses within a short period of time. India’s first Industrial Policy Resolution was adopted in 1948 which put emphasis on the expansion of production of both agricultural and industrial goods to satisfy the basic needs of the masses, a large proportion of whom lived well below a subsistence level of living. Hence, emphasis was given on agricultural expansion in the First Five Year Plan and on building up the …
Empirical Determination And Forecastability Of Foreign Exchange Rate Of India., Rituparna Kar Dr.
Empirical Determination And Forecastability Of Foreign Exchange Rate Of India., Rituparna Kar Dr.
Doctoral Theses
The first chapter of this thesis begins with a brief review of the existing literature on foreign exchange rate models and their forecasting performance. Thereafter it presents the motivation as well as the main aspects of this study. The format of this chapter is as follows. A brief review of the relevant literature is presented in the first section. This review includes the important theoretical / structural as well as time series models of exchange rate. The motivation of the thesis is discussed in Section 1.2. Section 1.3 presents a brief account of the Indian economic reforms since 1993 with …
Predictability In The Indian Stock Market: A Study From An Econometric Perspective., Debabrata Mukhopadhyay Dr.
Predictability In The Indian Stock Market: A Study From An Econometric Perspective., Debabrata Mukhopadhyay Dr.
Doctoral Theses
No abstract provided.
Some Issues On Time Varying Risk Premium In Arch-M Model., Samarjit Das Dr.
Some Issues On Time Varying Risk Premium In Arch-M Model., Samarjit Das Dr.
Doctoral Theses
Since the 1970's it has been observed in many economies that financial and macroeconomic variables like equity prices, treasury bill rates and exchange rates have become more and more volatile in nature. This may be due tumor flexible monetary policies pursued in these countries as well as due to their increasing exposure towards various international developments. Accordingly, economic agents are facing increasingly more and more risky environment. Re- searchers as well as professional economists in the area of capital and business finance have, therefore, been increasingly attracted in recent years towards studying the effect of risk and uncertainty on asset …
Aspects Of Financial Dualism In Less Developed Country., Rajalaxmi Mallik Dr.
Aspects Of Financial Dualism In Less Developed Country., Rajalaxmi Mallik Dr.
Doctoral Theses
One significant aspect of the economic dualism that characterises less developed countries (LDCS) is financial dualism. This is manifested through the co-existence of formal-lenders (FLs) and informal-lenders (ILs), in the credit markets of LDCS, which stands in stark contrast to the integrated, organised and efficiently functioning credit markets of the developed countries. FLs refer to the large institutional lenders, like commercial banks and other government owned banks that are subject to various central bank regulations. The ILs on the other hand are a heterogeneous lot and consist of non-institutional lenders like indigenous bankers, moneylenders, traders, landlords etc., who are outside …
Essays In Financial Intermediation., Bappaditya Mukhopadhyay Dr.
Essays In Financial Intermediation., Bappaditya Mukhopadhyay Dr.
Doctoral Theses
No abstract provided.
Essays In Indian Corporate Finance., K. V. S. Vinay Dr.
Essays In Indian Corporate Finance., K. V. S. Vinay Dr.
Doctoral Theses
This thesis comprises of three essays in corporate finance focusing on the Indian economy. The first essay contains a theoretical model while the second and the third essays are empirical exercises. In the subsequent paragraphs of this section, we examine the broader issues to which the contents of the thesis contribute.The past few years have seen rising interest in studies of financial insti- tutions and corporate financial policies in countries other than the United States. One of the reasons for such a shift in attention is the diversity in the size and structure of financial arrangements all over the world. …
Essays On Cooperative Behaviour And Collective Action., Anindya Bhattacharya Dr.
Essays On Cooperative Behaviour And Collective Action., Anindya Bhattacharya Dr.
Doctoral Theses
This dissertation explores some issues concerning the behaviour of coalitions of individuals in a game theoretic set-up and also studies one aspect of a society facing collective action of the masses. The common feature of the issues explored in the dissertation is that it investigates the properties of stable social states. Chapter 2 introduces a notion of a social state that is unlikely to be displaced by any coalition of agents endowed with a certain notion of rationality and a certain degree of farsightedness and explores the properties of such states. Chapter 3 is also concerned with coalitionally stable social …
Some Aspects Of Banks And Financial Markets In Emerging Economics., Gurbachan Singh Dr.
Some Aspects Of Banks And Financial Markets In Emerging Economics., Gurbachan Singh Dr.
Doctoral Theses
Liquidity and Bank RunsThe policy of deposit insurance in the banking sector has succeeded in pre- venting bank runs but it has encouraged moral haxard (Kane, 1985 and 1989). This has increased the cost of capital. So the government and/or the central bank need to regulate (Flannery, 1982). In chapter 2, we ask the question - Is there an alternative to deposit insurance? What is the role of equity capital in this context? Is full insurance optimal?The seminal paper on bank runs by Diamond and Dybvig (1983) argues that a lack of deposit insurance leads to muitiple Nash equilibria, including …
Essay On Deprivation, Poverty And Well-Being., Diganta Mukherjee Dr.
Essay On Deprivation, Poverty And Well-Being., Diganta Mukherjee Dr.
Doctoral Theses
Issues like inequity, deprivation and poverty have been a focus of interest for social scientists for a long time. The present thesis explores a few aspects of the above issues. It ermbodies the fruit of my intellectual perambulation in the Economic Research Unit of Indian Statistical Institute (ISI) during the years 1995 - 97. The text is divided into six chapters. The first chapter gives a general overview of different aspects of measuring inequality, deprivation and poverty. The second, third and fourth chapters take up the issue of deprivation measurement in detail. They contain discussions on deprivation ordering, indices and …
Planning And Resource Mobilization In A Developing Economy., Dilip Ratha Dr.
Planning And Resource Mobilization In A Developing Economy., Dilip Ratha Dr.
Doctoral Theses
In developing economies, the per capita availability of essential goods and services is quite low. Hence a large section of the society cannot afford even the mininum necessities of 1ite. While human and natural resources are plenty, produced means of produetion like plant and equipment and construction materiais are soaroe. Hence the human resources are not fully utilized. Since the distribution of income and assets is highly skewed, even the snall quantity of essential goods and services is not equitably distributed. When resources 11ke land and capital are privately owned and goods and services are distributed through the narket mechanism, …
Public Policy And The Dynamics Of Development: A Macroeconomic Theory For Developing Economics., B. K. Pradhan Dr.
Public Policy And The Dynamics Of Development: A Macroeconomic Theory For Developing Economics., B. K. Pradhan Dr.
Doctoral Theses
If I am given the cholce to define Development Economi ea, I would do so in such a way that the work reported here aust eni nent ly belong to the realm of that discipline. Before proceeding further one must remenber what Hirschman said nearly 28 yeara ago ...probably that econonists have not been able to construct, much less agree on, a alngle and unbroken chain of causes and effects that would neatly explain the transition from While this f ailure is of course only to the credit of economists, it cannot be denied that Underdevelopment to development. In comparison …
General Equilbrium Analysis Of Price And Distribution Controls For Foodgrains And Textiles In India., P. V. Srinivasan Dr.
General Equilbrium Analysis Of Price And Distribution Controls For Foodgrains And Textiles In India., P. V. Srinivasan Dr.
Doctoral Theses
Unlike in many developed countries, in India, institutions for distribution of goods and services are not well developed. Hence policy makers are concerned with the development of economic institutions to promote growth, remove unemployment and eradicate poverty. In addition to the general fiscal and monetary policy instruments such as taxes, su bsidies, bank rate, open market operations etc, the government also uses several price and non-price controls. For example, it administers the prices of essential inputs such as steel, coal, power ete, and distributes certain essential commodities through ration s hops at a price lower than the market prices.One way …
Price Rigidities, Rationing Schemes And Economic Efficiency., P. R. Nayak Dr.
Price Rigidities, Rationing Schemes And Economic Efficiency., P. R. Nayak Dr.
Doctoral Theses
The prime concem of economist: traditionally has been the system of markets and their role in rasource allocat on. Walrasian equilibrium theory, which is believed to provÃde an ajequate framework for resource allocation through markets, has been extensively analysed in the recent past. At the sane time, it has been realined, mainly throunh Keynesian influence, that the market machanism is prone to failures, DOwnward Inflezibility of wages is an obvious example of this. It is further possi that a central authority concerned with improving general welfare may tamper vith the market mechanism or do away with it altoer.Thered ar three …
On The Recovery Of Linear Group Information In One And Two Way Designs., K. R. Shah Dr.
On The Recovery Of Linear Group Information In One And Two Way Designs., K. R. Shah Dr.
Doctoral Theses
This thesis is being submitted to the Indian Statistical Insti tute in support of the authors application for the degree of Doctor of Philosophy. The thesis embodies research oarried out by the author during the period 1960-1963 under the supervision of Dr. J. Roy, Professor of Statistics at the Indian Statistical Institute, Calcutta.Some aspects of recovery of inter-group information are exmined in this thesis, The main results are concermed with the variance of the combined inter and int r-block estimntors in incomplete block designs , recovery of inter-row and inter-column information in two-wy designs laid out in row9 and columns, …
Variation Of Human Stature In India., N. T. Mathew Dr.
Variation Of Human Stature In India., N. T. Mathew Dr.
Doctoral Theses
This is the first investigation on a large-sc le (1,47,066 measurements) of human stature in India based on deta from all pers of the country. Work done hitherto has been on much smaller serics which can in no way be considered representative of the country as a whole. In the present study certain inte- resting ond inportant results have been obtained which we shall now summarise. lany of the comparisons between meaningful groups involve smell differences which would require falrly large samples to establish with statistical signific- ance. This consideration will apply not only to stature but to other hody …