EPW Research Foundation The money, foreign exchange and capital markets have witnessed skirmishes, reflecting the south-east Asian turmoil While the general impression that Indian markets are by and...
Money Market Review
EPW Research Foundation Government's Debt Profile Getting Distorted Policy Distortions IN the first week of September, the Reserve Bank of India (RBI) released its Annual Report for 1996-97 which...
EPW Research Foundation Exchange Rate Tremors An important lesson to be learnt from the recent exchange rate developments is that the situation would have been much less amenable to control had the...
EPW Research Foundation While the benefits of the abundance of liquidity, which remains the dominant feature of the financial markets, have been marginal to the commercial sector, the government has...
EPW Research Foundation In Pursuit of Lower Interest Rates The RBl's announcement, on June 25, of a one percentage point cut in the Bank Rate came as a surprise to the market. The authorities are...
EPW Research Foundation Implications of CAC Proposals Even as the CRB fraud has exposed the inadequacies of the agencies concerned with monitoring, supervision and market intelligence the money...
EPW Research Foundation The announcement of the monetary and credit policy for the first half of 1997-98 has come against the background of a sharp deceleration of industrial growth and a severe...
EPW Research Foundation Moving towards Stagflation The growing signs of depressed economic activity are distinctly visible in the overhang of liquidity in the banking system and the persistent slump...
EPW Research Foundation foremost among the many policy changes introduced by the union budget for 1997-98 is the replacement of the system of ad hoc treasury bills by ways and means advances. Given...
EPW Research Foundation Industry's Growing Reliance on Bond Market A major fall-out of financial sector reforms has been to magnify the vicissitudes of the financial markets to which the productive...
EPW Research Foundation The complex phenomenon of expanding liquidity, high interest rates and low credit offtake is both the cause and the consequence of the slow-down of the economy, especially...
EPW Research Foundation High Cost of Financial Sector Reform The slow-down in industrial activity is now increasingly getting reflected in the portfolio behaviour of banks and financial institutions...
EPW Research Foundation Credit Policy Skirts Basic Issue With the latest monetary policy announcement confining itself to the essentials of the stabilisation and structural adjustment programme, the...
EPW Research Foundation Clueless against Emerging Recession The RBI's conventional approach, reiterated in its latest Annual Report, of tinkering with reserve requirements and signalling monetary...
EPWResearch Foundation Interest Rates Refuse to Behave Financial System in a Maze THE financial system is now caught in a Iabyrinthian maze. Though the Reserve Bank of India (RBI) has flogged the...
