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Weekend Ruminations: Advice for shoot-from-the-hip nationalists: Take aim before firing

It's all good to be tactical - keep China out of strategic markets; hit back in the same coin if it looks to keep India's key sectors out - but don't shoot yourself in the foot.

by T.N. Ninan | On 21 Jun 2020

Emerging Markets Perspectives on G-20 led Financial Reforms

The chapter examines progress as well as continuing concerns in G-20 led financial reforms, with particular emphasis on emerging markets (EMs). Although risks remain they are of a lower order of magni...

by Ashima Goyal | On 25 Apr 2019

Exchange Rate Movements and Fundamentals: Impact of Oil Prices and the People’s Republic of China’s Growth

This paper identifies five factors that can capture 95% of the variance across 39 US dollar exchange rates based on the principal component method. A time-varying parameter factor-augmented vector aut...

by Hongyi Chen | On 01 Apr 2019

Sri Lanka’s Macroeconomic Challenges: A Tale of Two Deficits

The paper provides a narrative of Sri Lanka’s history of twin deficits, examines macroeconomic performance from the lens of twin deficits, and discusses the policies adopted to address macroeconomic i...

by Dushni Weerakoon | On 28 Mar 2019

Trade, Trade Agreements and Subsidies: The Case of the Indian Apparel Industry

This paper presents India’s trade in apparel products by sub-sectors and key markets, and analyses its trade competitiveness across different sub-sectors. It examines the impact of trade agreements an...

by Arpita Mukherjee | On 04 Feb 2019

Outward FDI and Crossborder M&As by Indian Firms: A Host Country-Level Analysis

This paper tries to understand the trends and the pattern of Outward Foreign Direct Investment (OFDI) by Indian firms and the factors that determine OFDI from India through Cross-Border Mergers and Ac...

by P.L. Beena | On 31 Jan 2019

Why is Green Finance Important ?

In 2017, global investment in renewables and energy efficiency declined by 3% and there is a risk that it will slow further; clearly fossil fuels still dominate energy investment. This could threaten...

by Jeffrey D. Sachs | On 28 Jan 2019

Data Localisation in India: Questioning the Means and Ends

This paper classifies the arguments around data localisation into three broad categories - the civil liberties perspective; the government functions perspective and the economic perspective. It examin...

by Rishab Bailey | On 12 Jan 2019

Risk Management in Maldives: Sharing Practical Experience and Lessons Learned

Risk management is a systematic approach to determine which goods and passengers need to be examined in detail when entering a country. It involves (i) collecting, storing, and analyzing data to und...

by Asian Development Bank | On 19 Sep 2018

Evaluating India's Exchange Rate Regime Under Global Shocks

The paper assesses the performance of India's managed float with respect to maintaining a real competitive exchange rate, its effect on trade, on stability of currency and financial markets, and on in...

by Ashima Goyal | On 24 Aug 2018

The Impact of Nationally Determined Contributions on the Energy Sector: Implications for ADB and Its Developing Member Countries

This report assesses the impact of NDCs on the energy sectors of ADB’s DMCs in terms of projected changes to the power mix, anticipated investment in energy technologies, as well the resulting emissio...

by Yongping Zhai | On 16 Aug 2018

Building Food Security in Asia through International Agreements on Rice Reserves

The policy brief aims to mitigate the impact of natural disasters on food security, ASEAN established a rice reserve on 4 October 1979. The rice reserve was developed to alleviate poverty and to eradi...

by Asian Development Bank Institute | On 10 Aug 2018

Alternate Instruments to Manage the Capital Flow Conundrum: A Study of Selected Asian Economies

The paper analyses a nationally representative data set from India for the year 2013 in order to provide evidence on how short term migration is affected by household's ownership of land, and particip...

by Rajeswari Sengupta | On 25 Jul 2018

Portfolio Composition and Valuation Effects in Emerging Market Economies

Gross capital inflows and outflows to and from emerging market economies (EMEs) have witnessed a significant increase since early 2000s. This rapid increase in these flows accompanied by sharp rise in...

by Ashima Goyal | On 25 Jul 2018

Assessing the Effectiveness of IMF Programs Following the Global Financial Crisis: How Did It Change Since the Asian Crisis?

The paper identifies key features of International Monetary Fund (IMF)–supported programs following the 2008 global financial crisis. The statistical analysis of a large sample of countries that borro...

by Carlos De Resende | On 09 Jun 2018

Estimating Elasticity of Transport Fuel Demand in Pakistan

This study investigates the fuel demand elasticities separately for petrol, diesel, and CNG using data from July 2004 to June 2015 for Pakistan. The results show that fuel demands are generally (own...

by Muhammad Omer | On 06 Jun 2018

FDI in Services and India

Developing countries, including India, are increasing relying on foreign direct investments (FDI) for raising finance for infrastructure development and other projects. Consequently, coun...

by Tanu M Goyal | On 09 May 2018

India and Trade Facilitation in Services (TFS) Agreement: Concerns and Way Forward

Services are a major component of global gross domestic product and employment, and a rising component of global trade and investment flows. This is the largest sector of the Indian ...

by Avantika Kapoor | On 25 Apr 2018

Non-Linear, Asymmetric and TimeVarying Exchange Rate Pass-Through: Recent Evidence from India

Exploring nonlinearities and time variations in exchange rate pass-through (ERPT) to consumer prices in India for the period from April 2005 to March 2016, this paper finds ERPT is asymmetric with pas...

by | On 09 Apr 2018

Improving Performance in the Fight Against Illegal, Unreported and Unregulated (IUU) Fishing

This briefing provides an overview of the key factors that have influenced the European Commission’s carding decisions to date.

by Environmental Justice Foundation (EJF) | On 06 Apr 2018

Least-Developed Countries, Transfer of Technology and the TRIPS Agreement

This paper examines the background of Article 66.2 of the TRIPS Agreement, the nature of this obligation on developed country Members that pertains to the promotion of technology transfer to LDC Membe...

by Jayashree Watal | On 20 Mar 2018

Exchange Rate Instability and Trade: The Case of Pakistan

The paper says that the exchange rate is a vital macroeconomic variable and backbone of trade.

by M. Ali Kemal | On 19 Mar 2018

Urban refugees in Delhi Refugee networks, faith and well-being

This paper explores the faith context of displacement and settlement for the Sikh and Christian Afghan refugees and Muslim Rohingya refugees in Delhi. It examines the foundation of community faith...

by | On 09 Mar 2018

Maritime Terrorism and Piracy: Security Challenges in South East Asia

The paper says that the region is plagued with piracy and has also witnessed maritime terrorism related activities, drug smuggling, gun running and illegal migration.

by Vijay Sakhuja | On 09 Feb 2018

What Explains Current Account Surplus in Korea?

The paper says that this idiosyncrasy of Korea’s current account surplus seems to be related to increasing saving propensity of households especially among aged people.

by Han Chirok | On 01 Feb 2018

Economic Survey 2017: Volume II: Chapter 6: External Sector

India’s external sector continued to be resilient and strong in 2017-18 so far, with the Balance of Payments situation continuing to be comfortable with the Current Account Deficit at 1.8 percent of ...

by Arun Jaitley | On 31 Jan 2018

What Determined 2015 TPA Voting Pattern?: The Role of Trade Negotiating Objectives

This paper analyzes 2015-TPA voting patterns in the Congress in the context of the trade negotiating objectives.

by Yoon Joon | On 24 Jan 2018

Regulating the Digital Economy: Are we Moving Towards a 'win‐ win' or a 'lose‐lose' ?

The digital economy has been growing by leaps and bounds in recent years, mostly as a result of new digital technologies that are promoting a global transformation to industry 4.0. The resulting expa...

by Padmashree Gehl Sampath | On 23 Jan 2018

Two Decades of OPCW

This issue brief takes a broad overview of the journey of CWC and OPCW during the last two decades.

by Ajey Lele | On 17 Jan 2018

A Study on Illegal Immigration into North-East India : The Case of Nagaland

Migration is a global phenomenon, and will continue to do so in the near future. Every country aspires to regulate migration according to their requirements. But, not all country is successful. Hence...

by | On 04 Jan 2018

Cities, Rural Migrants and the Urban Poor

This paper tries to lay bare the intertwined histories of rehabilitation of the refugees from East Pakistan and the development of the city of Calcutta in the initial decades after the partition of Br...

by | On 02 Jan 2018

Urban Refugees in Delhi: Self-Reliance can’t be Exclusively Entrepreneurial

Self-reliance is, by definition, about individualised responsibility for social wellbeing and economic security. This idea drives urban refugee livelihood programmes, in India and beyond, as aid organ...

by | On 22 Dec 2017

Urban Refugees in Delhi: Identity, entitlements and well-being

Tens of thousands of refugees attempt to meet their basic needs and make a meaningful life for themselves in Delhi, despite India not having a domestic or international legal framework codifying their...

by | On 14 Dec 2017

Philippine Telecommunications Laws and Regulations: A TPP Gap Analysis

This paper aims to promote competitive access for telecommunications providers.

by Krystal Uy | On 14 Dec 2017

What is Global History?

As young historians promptly discover on their own, the term "world history," as is its counterpart, "global history," is the most current trend in the study of history.

by Orel Beilinson | On 14 Dec 2017

Response of Firms to Listing: Evidence from SME Exchanges

Public equity markets have increasingly become accessible to small and medium firms with the introduction of dedicated exchange that lower listing criteria to allow such firms to list their equity. Th...

by | On 11 Dec 2017

India and Trade Facilitation in Services (TFS) Agreement: Concerns and Way Forward

Services are a major component of global gross domestic product and employment, and a rising component of global trade and investment flows. This is the largest sector of the Indian economy contributi...

by | On 30 Nov 2017

Going In Circles

The study says that there are certain misconceptions about the power sector’s circular debt, which has generated controversy in the country.

by Dr. Abid Suleri | On 21 Nov 2017

Management of Capital Flows in India

Increased integration with global financial markets has amplified the complexity of macroeconomic management in India. The diverse objectives of a robust growth rate, healthy current account deficit,...

by Abhijit Sen Gupta | On 13 Nov 2017

Daily Stock Market Movements: From the Lens of News and Events

This study analyzes the effect of daily movements in KSE-100 Index due to different policies announced as well as incidents/events happened in the country.

by Shahid Raza | On 31 Oct 2017

On Using Exchange Rate for Promoting Exports

The report says that there are well known explanations in contemporary economic literature which explain this counterproductive impact of depreciation.

by . Atiq-ur-Rehman | On 26 Oct 2017

An Assessment of Pakistan's Export Performance and the Way Forward

This paper examines in detail Pakistan’s export performance in the light of emerging global challenges and identifies key structural and policy issues that stifle Pakistan’s exports.

by Afia Malik | On 25 Oct 2017

Deepening Economic Cooperation between India and Sri Lanka

This study analyzes the India–Sri Lanka Free Trade Agreement (FTA) over the past decade. It is noted that bilateral trade between the countries has increased steadily and India became the most favored...

by Kavita Iyengar | On 13 Oct 2017

Remittances and Exchange Rate Linkages: Experiences of Nepal

This paper concentrates on the impact of a few macroeconomic variables—nominal exchange rate, economic activity in host countries and workers' outflow—in determining the remittance inflows to Nepal.

by Bhubanesh Pant | On 09 Oct 2017

Optimal Inflation Rate for Nepal

This paper estimates the optimal inflation rate in Nepal based on the data of the period 1978–2016.

by Nepal Rastra Bank Research Department NRB | On 28 Sep 2017

Money's Causal Role in Exchange Rate: Do Divisia Monetary Aggregates Explain More?

The paper investigate the predictive power of Divisia monetary aggregates in explaining exchange rate variations for India, Israel, Poland, UK and the US, in the years leading up to and following the...

by Taniya Ghosh | On 18 Sep 2017

The Operation of the Gold Standard in the Core and the Periphery Before the First World War

This paper examines the operation of the gold standard (GS) during the period 1870-1914, its heyday. It discusses the theory of balance of payments adjustment under the GS. Theory postulates automatic...

by Manmohan Agarwal | On 06 Sep 2017

Economic Integration and Development Partnerships: Southern Perspectives

Regional integration (RI) is a process by which countries enter into an agreement to upgrade cooperation through common institutions and rules. The objectives of the agreement could range from economi...

by Research and Information System for Developing Countries | On 24 Aug 2017

India-Singapore CECA An Appraisal

The Comprehensive Economic Cooperation Agreement (CECA) between India and Singapore came into effect on 1st August 2005. It was the first such comprehensive FTA signed by India with any country coveri...

by V. S. Seshadri | On 24 Aug 2017

Developments in Iran’s Agriculture Sector and Prospects for U.S. Trade

With one of the Middle East’s largest economies, a growing population, and rising incomes, Iran contributes significantly to the region’s agricultural commodity consumption. Iran’s rising food demand...

by Mesbah Motamed | On 18 Aug 2017

Environment and Labour on the Trade Agenda: Lessons for India from the TPP Agreement

This paper undertakes an evaluation of the Labour and Environment chapters of the TPP Agreement, with a view to determining India’s stand if the same or similar provisions are proposed in multilateral...

by Anwarul Hoda | On 08 Aug 2017

Trade in High Technology Products Trends and Policy Imperatives for BRICS

This paper examines the emerging strength of BRICS in hightechnology trade. We reviewed trends in high-technology trade primarily in BICS (excluding Russia). Given that China and India are leading e...

by | On 03 Aug 2017

Phillips Curve Relationship in India: Evidence from State-Level Analysis

This paper revisits the issue of determinants of inflation in India in a Phillips curve framework and makes two key contributions in relation to existing studies. First, in the context of the Reserve...

by Harendra Behera | On 03 Aug 2017

The India-Singapore Comprehensive Economic Cooperation Agreement: An Appraisal of Progress

The Comprehensive Economic Cooperation Agreement (CECA) between India and Singapore came into effect on 1st August 2005. It was the first such comprehensive FTA signed by India with any country c...

by V. S. Seshadri | On 02 Aug 2017

Regional Comprehensive Economic Partnership Agreement: Need for a Strategy

RCEP member countries cover half the world population, 30 per cent of world GDP and a quarter of world trade. The regional grouping has several countries including China whose economies are among th...

by V Seshadri | On 31 Jul 2017

Land Live: Land ownership in Rural India and Intra Household Exchanges

The incidence of parent-child co-residence in India is among the highest in the world. This paper examines the role of intra-household exchanges and potential bequests in creating incentives for adult...

by Sonalde Desai | On 27 Jul 2017

Asia Bond Monitor - June 2015

The report narrates that the local currency bond market in emerging East Asia continued to expand in 1Q15 to reach US$8.3 trillion at end-March.

by Asian Development Bank Institute | On 24 Jul 2017

The Effect of Oil Shocks and Cyclicality in Hiding Indian Twin Deficits

The paper estimates the relationship between the current account and fiscal deficit, and the real exchange rate, in a structural vector auto regression, with Indian data for the managed float period 1...

by Ashima Goyal | On 22 Jul 2017

Local Currency Bonds and Infrastructure Finance in ASEAN+3

This study was undertaken under ABMI. It addresses two key questions: (i) Why is local currency bond financing not more widely used for infrastructure projects in ASEAN+3? and (ii) What can be done to...

by Asian Development Bank Institute | On 18 Jul 2017

Achieving Universal Electricity Access in Indonesia

This report describes Indonesia’s electrification environment and identifies barriers to achieving universal electricity access. Principles drawn from international best practices such as government c...

by Asian Development Bank Institute | On 12 Jun 2017

Reviving Lakes and Wetlands in the People's Republic of China, Volume 3: Best Practices and Prospects for the Sanjiang Plain Wetlands

The report narrates that the Sanjiang Plain wetlands are among the most important wetlands in the People’s Republic of China with unique habitats, species, and ecology. There is a considerable body of...

by Asian Development Bank Institute | On 08 Jun 2017

Judicial Review and Money Bills

Under the Constitution of India, for a bill to be enacted into a law, it has to be approved by both Houses of the Parliament - the Lower House (Lok Sabha) and the Upper House (Rajya Sabha). There is o...

by Pratik Datta | On 26 May 2017

The Railway Refugees: Sealdah, 1950s -1960s

This paper provides a micro-history of Sealdah Station as a halt of the refugee population coming from East Pakistan in the 1950s and ‘60s. The station as a site of refugee concentration was very diff...

by Anwesha Sengupta | On 19 May 2017

Strengthening Arbitration and its Enforcement in India – Resolve in India

The present paper focuses on the first and internationally the largest mode of dispute resolution, that is, Arbitration. However, prior to looking at how arbitration functions in the country, it would...

by Bibek Debroy | On 17 May 2017

The India Freedom Report

On the occasion of World Press Freedom Day 2017 it becomes important to view the level of press freedom in India in the wider context of societal freedom. The press cannot be truly free when facilitat...

by The Hoot the hoot.org | On 08 May 2017

Differential Impacts of Currency Undervaluation on Growth and Exports in Natural Resource vs. Manufacturing Exporting Countries

This paper aims to analyze the differential impact of exchange rate undervaluation on growth and exports in different countries. The paper considers two sets of countries in our dataset-18 countries a...

by Sanika Sulochani Ramanayake | On 03 May 2017

Living Planet Report 2016: Risk and Resilience in a New Era

This WWF Living Planet Report comes at a critical juncture following the remarkable successes in 2015 of the Paris Agreement on climate change and the agreement on the Sustainable Development Goals fo...

by World Wide Fund | On 23 Dec 2016

Inflation in Pakistan: Money or Oil Prices

The study attempted to investigate the determinants of inflation in case of Pakistan and to check the validity of monetarist stance that inflation is always and everywhere a monetary phenomenon by i...

by Mehak Moazam | On 07 Dec 2016

Stranded Migrants: Giving Structure to a Multifaceted Notion

This paper represents a holistic study of the multifaceted notion of stranded migrants, which gained renewed attention by international actors in the past decade, and especially in relation to the 201...

by | On 28 Nov 2016

Parliament Session Alert Winter Session: November 16 – December 16, 2016

Lok Sabha and Rajya Sabha will meet for the Winter Session between November 16 and December 16, 2016. There will be a total of 22 sittings. The agenda for legislation includes ten Bills for consider...

by Kusum Malik | On 14 Nov 2016

Mapping the South-Asian Political Landscape in the Context of Migration

Review on , Partha S. Ghosh’s book, ‘Migrants, Refugees and the Stateless in South-Asia’ ; Sage Publications India, 384 pages

by Aashish Khakha | On 03 Nov 2016

The Elephant That Became a Tiger 20 Years of Economic Reform in India

A foreign exchange crisis in 1991 induced India to abandon decades of inward-looking socialism and adopt economic reforms that have converted the once-lumbering elephant into the latest Asian tiger. I...

by | On 28 Oct 2016

Refugee Compacts: An Initial Framework

This brief outlines a particular iteration of a compact approach that incorporates critical components—such as shared outcomes for refugees, host country ownership and focus on longer-term transition,...

by Cindy Huang | On 10 Oct 2016

Regime Shifts in India’s Monetary Policy Response Function

The objectives of monetary policy have always been a topic of intensive debate. This debate has resurfaced during the past few years. In India too monetary policy-making appears to have undergone si...

by Lokendra Kumawat | On 10 Oct 2016

MenEngage Global Alliance 2015 Annual Report

This is the third annual report for the MenEngage Alliance’s Global Strategic Plan 2012-2016, in which the main activities and achievements of 2015, based on the four strategic objectives are reported...

by MenEngage Global Alliance | On 07 Oct 2016

A Vision for the Least Developed Countries Fund in a Post-Paris Climate Regime

The 48 Least Developed Countries (LDCs) are the only country grouping to have a dedicated article in the UN Framework Convention on Climate Change (UNFCCC). Article 4.9 commits all parties to the conv...

by | On 22 Sep 2016

The Labor Market Consequences of Refugee Supply Shocks

The continuing inflow of hundreds of thousands of refugees into many European countries has ignited much political controversy and raised questions that require a fuller understanding of the determina...

by George Borjas | On 20 Sep 2016

Challenges for Maternal Health Efforts

Financing problems, new global goals, and provision of good quality care are some of the key challenges facing the next era of improving maternal health.

by The Lancet Maternal Health Series | On 20 Sep 2016

The Externalities of Civil Strife: Refugees as a Source of International Conflict

Domestic strife and civil war frequently produce large population dislocations and refugee flows across national boundaries. Mass refugee flows often entail negative consequences for receiving states,...

by | On 23 Aug 2016

Signing away Sovereignty: How Investment Agreements Threaten Regulation of the Mining Industry in the Philippines

In the last decade, the resource-rich Philippines has bet heavily on the mining industry as a development strategy, an approach that has come under growing scrutiny. With 47 large-scale mines in oper...

by Cecilia Olivet | On 10 Aug 2016

Inequality, Poverty, and Antipoverty Transfers

This report reviews the main trends in global poverty, assesses projections on poverty trends for the medium term, and considers the implications for antipoverty policy. Three main points emerge from...

by Armando Barrientos | On 10 Aug 2016

Citizenship and Displacement

Landscapes of persons who constitute the shifting world in which we live: tourists, immigrants, refugees, guest workers and other moving groups and persons constitute the essential feature of the worl...

by | On 09 Aug 2016

South-South Migration and Remittances

The impact of South-South migration on the income of migrants and natives is smaller than for South-North migration. However, even small increases in income can have substantial welfare implications f...

by | On 27 Jul 2016

Identification and Tracing of Dead and Missing Migrants

This is the second in IOM´s series of global reports on missing migrants. The first report was published in 2014 – Fatal Journeys: Tracking Lives Lost during Migration. This second report has two main...

by | On 25 Jul 2016

Conflicts in the South China Sea and China ASEAN Economic Interdependence: A Challenge to Cooperation

This paper analyzes the absence of correlation between China-ASEAN economic interdependence and dispute settlement in the South China Sea, against liberals’ prediction. It argues that there are a few...

by | On 13 Jul 2016

Oil Price, Exchange Rate and the Indian Macro Economy

The paper investigates the dynamic relationship between movements in oil prices and exchange rates with macroeconomic variables like price, output, interest rate and money by using structural vector a...

by Taniya Ghosh | On 12 Jul 2016

Impact of Independent Directors’ Resignations on Firm’s Governance

Directors are liable for any act of omission or commission. They have a reputation to protect. While Independent directors might engage in passive monitoring; when apprised of a decision where the pro...

by Preet Singh | On 05 Jul 2016

Global Commodity Prices and Inflation in a Small Open Economy

Global commodity prices surge of 2007-08 sent an inflationary shock across the countries. 2014 global prices descend resulted in significant disinflation in many countries and even deflation in some ...

by Muhammad Nadim Hanif | On 30 Jun 2016

Hurting the Host: The Dynamics of Refugee-Related Violence in South Asia

This paper assesses the proclivity towards refugee-related violence in India, Pakistan, and Bangladesh, using an original dataset. I show that the host’s attitude towards refugees depend on local fact...

by | On 17 Jun 2016

Honor and Stigma in Mechanisms for Environmental Protection

Honor and stigma play a role in environmental protection. Environmental honors are bestowed on people and firms who go out of their way to do right by the environment. Similarly, environmental stigm...

by Prasenjit Banerjee | On 03 Jun 2016

Intellectual Property Rights and Preferential Trade Agreements: Data, Ceoncepts and Research Avenues

Today, more than half of international trade is regulated through preferential trade agreements (PTAs). While in the past, these agreements served as tools to eliminate further tariffs between the pa...

by | On 01 Jun 2016

Identifying Stakeholders in the Land Use Management Process and Related Critical Factors in ASEAN

With growing populations and demand for food, farmers in ASEAN member states (except Singapore) are required to produce more and more food from land that continues to decline due to population growth,...

by | On 31 May 2016

Climate Refugees: A Sad Reality

Climate refugees are basically poor, helpless people forced to migrate from their homes because of climatic changes. Even as migration stands to be the most time-tested coping mechanism of the people,...

by | On 19 May 2016

Biodiversity and Sustainable Development

The present publication reinforces the importance of biodiversity, particularly in the context of sustainable development. It attempts to give an overview of the issue, by analysing the main thematic...

by | On 18 May 2016

India Policy Forum 2014 - 2015

The episode of volatility starting on May 22, 2013, when Federal Reserve Chairman Ben Bernanke first spoke of the possibility of the US central bank “tapering” its security purchases, had a sharp nega...

by Shekhar Shah | On 09 May 2016

Issues in India's External Sector

The lecture examines the recent developments in the external sector and address some critical issues such as the appropriate level of current account deficit, exchange rate policy, adequacy of reserve...

by C. Rangarajan | On 06 May 2016

Monetary Transmission in Developing Countries: Evidence from India

This paper examines what the empirical evidence has to say about the strength of monetary transmission in India, using the structural vector autoregression (SVAR) methods that have been applied broadl...

by | On 02 May 2016

Foreign Exchange Markets, Intervention and Exchange Rate Regimes

The paper describes the institutional features of these markets, with special emphasis on the process of liberalization and deepening in Indian FX markets, in the context of global integration. Since...

by Ashima Goyal | On 02 May 2016

Impact of Trilemma Indicators on Macroeconomic Policy: Does Central Bank Independence Matter?

This paper shows that the institutional changes such as Inflation Targeting (IT) helps lower inflation without depending upon the level of Central Bank Independence (CBI) in a country as is suggested...

by | On 02 May 2016

Is there a Case for Exchange Rate Coordination in South Asia?

This paper evaluates the case for greater exchange rate coordination in South Asia. With inter-regional integration in South Asia progressing at a faster pace than the region's integration with the wo...

by Rajeswari Sengupta | On 02 May 2016

Reassessing Exchange Rate Overshooting in a Monetary Framework

This paper revisits the Dornbusch exchange rate overshooting in a different model setting.

by Taniya Ghosh | On 02 May 2016

The Patents Act, 1970

The Indian Patents Act, 1970 provides patent protection in India. The same is in accordance with the provisions of the TRIPS Agreement. The recent conferment of “product patent” along with the “proces...

by Ministry of Commerce and Industry GOI | On 27 Apr 2016

Global Challenges Report: Patent-based Analysis of the World Health Organization’s 2013 Model List of Essential Medicines

The objective of this report is to identify which of the 375 items on the 2013 Model List of Essential Medicines (MLEM) of the World Health Organization (WHO) (18th edition) are patented and where. Gi...

by | On 26 Apr 2016

The Designs (Amendment) Rules, 2008

India's Design Act, 2000 was enacted to consolidate and amend the law relating to protection of design and to comply with the articles 25 and 26 of TRIPS agreement. The new act, (earlier Patent and De...

by Ministry of Commerce and Industry GOI | On 26 Apr 2016

The Designs Rules, 2001

India's Design Act, 2000 was enacted to consolidate and amend the law relating to protection of design and to comply with the articles 25 and 26 of TRIPS agreement. The new act, (earlier Patent and De...

by Ministry of Commerce and Industry GOI | On 26 Apr 2016

The Designs Act, 2000

India's Design Act, 2000 was enacted to consolidate and amend the law relating to protection of design and to comply with the articles 25 and 26 of TRIPS agreement. The new act, (earlier Patent and De...

by Ministry of Commerce and Industry GOI | On 26 Apr 2016

Questions and Answers on the European Commission Communication: The Paris Protocol – A Blueprint for Tackling Global Climate Change beyond 2020

The Communication sets out the EU's vision for a transparent and dynamic, legally binding United Nations climate change agreement that sets the world on a pathway to prevent global warming from reachi...

by European union | On 26 Apr 2016

Reducing Child Marriage in India: A Model to Scale Up Results, New Delhi, 2016

This paper presents a model for contextual strategizing and scaling up of interventions to accelerate the pace of reduction of child marriage, with particular reference to India, and within India with...

by Jyotsna Jha | On 18 Apr 2016

Migration Patterns and Challenges for Indians Seeking Work Abroad: A Special Focus on South India

This paper, which focuses on the issues particular to those leaving India in the search of work, is authored by Dr. Bernard D’Sami, who heads the National Forum of Migrant Workers’ Rights, and also th...

by | On 15 Apr 2016

Optimal Monetary Policy in the Presence of Sizable Informal Sector and Firm Level Credit Constraint

Optimality of pro-cyclical monetary policy in the presence of informal sector and firm level constraint is analysed. The findings suggest that in case of export demand shock pro-cyclical monetary pol...

by Waqas Ahmed | On 21 Mar 2016

India-Bangladesh Relations: Moving towards Friendship

India-Bangladesh relations are advancing rapidly in recent times. There are of course some impediments such as non-tariff barriers (NTBs) in trade, and the Teesta water-sharing dispute that need to be...

by Chandrani Sarma | On 21 Mar 2016

Exchange Market Pressure in India

In this paper, we empirically investigate the episodes of currency market stress/crisis in India during the period 1992 – 2012 with the help of a monthly EMP index for India constructed for this perio...

by Anuradha Guru | On 16 Mar 2016

US-DPRK Bilateral Talks

The United States and North Korea resumed talks in Beijing on February 23–24, 2012, after a delay following the death of Kim Jong Il two months ago. Present at the talks were a delegation of the DPRK...

by Sangsoo Lee | On 14 Mar 2016

Porous Borders The Study of Illegal Markets from a Sociological Perspective

State concerns about crime and security issues have strongly affected conceptions of economic action outside the law, a traditional field of research in sociology. This increasing encroachment by poli...

by Matías Dewey | On 14 Mar 2016

Illegal Markets Boundaries and Interfaces between Legality and Illegality

In sociology generally, the infringement of legal norms is not treated as a special kind of norm violation, the sociology of law being an obvious exception. The study of illegal markets therefore face...

by Renate Mayntz | On 14 Mar 2016

Why South Korea Needs THAAD Missile Defense

South Korea, Japan, and the U.S. need a more effective anti-ballistic missile system to counter North Korea’s increased nuclear and missile threats. Yet Seoul has so far wavered in agreeing to the dep...

by | On 10 Mar 2016

Does Corporate Governance Matter in Determinants and Use of Cash: Evidence from India

Our study investigates the determinants and use of cash holdings by Indian companies. Using a large sample of manufacturing firms that are publicly traded on Bombay Stock exchange for the period of 19...

by Ekta Selarka | On 10 Mar 2016

In the Shadow: Illegal Markets and Economic Sociology

Illegal markets differ from legal markets in many respects. Although illegal markets have economic significance and are of theoretical importance, they have been largely ignored by economic sociology....

by | On 09 Mar 2016

Producing a Rationale for Dowry? Gender in the Negotiation of Exchange at Marriage in Kerala, South India

The allocation of scarce budgetary resources away from ‘alternative’ channels of social security underscores interlocking concerns: a) the financial drain that marriages of girls pose to families and...

by Praveena Kodoth | On 09 Mar 2016

Are We Still Modern? Inheritance Law and the Broken Promise of the Enlightenment

The regulation of the transfer of property mortis causa has been a major concern of social reformers since the Enlightenment. Today, by contrast, the issue of the bequest of wealth from generation to...

by | On 08 Mar 2016

Growing Optimism Marks Cancún Climate Change Talks

The recent UN Climate Change Conference (COP16) in Cancun, Mexico concluded on a generally positive note as growing optimism replaced the disappointment that defined the 2009 talks in Copenhagen.While...

by S. Rajaratnam International Studies | On 03 Mar 2016

Cancún and Climate Security: New Approaches, Mixed Results

As with previous annual meetings of the United Nations Framework Convention on Climate Change (UNFCCC), outcomes of the recently concluded 16th Conference of the Parties (COP16) have implications for...

by J. Ewing | On 03 Mar 2016

Australian High Court Rules Refugee Swap with Malaysia Unlawful

The controversy surrounding the Australia¬Malaysia refugee swap agreement that would have seen 800 asylum seekers sent to Malaysia in exchange for 4,000 processed refugees took a decisive turn on 31...

by S. Rajaratnam International Studies | On 02 Mar 2016

Japanese-Chinese Territorial Disputes in the East China Sea – Between Military Confrontation and Economic Cooperation.

This paper analyses the various legal, political, military and economic circumstances of the two territorial disputes in the ECS, and it evaluates the approaches by both sides to turn the ECS from a `...

by Reinhard Drifte | On 01 Mar 2016

An Assessment of the International Legal Obligations Owed to the Rohingya Refugees

This paper considers the issue of migration of the Rohingyas from the lens of international law. It evaluates the responses of the countries that have been the destination of these migration flows – n...

by Ramandeep Kaur | On 01 Mar 2016

Impact of the ASEAN Economic Community on ASEAN Production Networks

Empirical evidence suggests that the emergence of international production networks in East Asia results from market-driven forces such as vertical specialization and higher production costs in the ho...

by Kornkarun Cheewatrakoolpong | On 29 Feb 2016

Price Discovery and Volatility on NSE Futures Market

This paper studies price discovery and volatility in the context of introduction of Nifty futures at the National Stock Exchange (NSE) in June 2000. Cointegration and Generalised Auto Regressive Cond...

by M. T. Raju | On 28 Feb 2016

Corporate Debt Market in India: Key Issues and Some Policy Recommendations

This paper presents an overview of the corporate debt market in India. A study of the structure and the status of the corporate debt market along with the current policies initiated by Securities and...

by M. T. Raju | On 28 Feb 2016

Securitization of Illegal Migration of Bangladeshis to India

Over 10 million illegal migrants from Bangladesh live in India, according to both official and unofficial estimates. This paper examines the securitization of the issue by various actors through a cen...

by | On 26 Feb 2016

Exploring Priority Areas for Philippine APEC 2015 Hosting: Building Inclusive Economies, Building a Better World

This paper is an integration of the studies commissioned under the DFA-PIDS memorandum of agreement to explore the priority areas during the Philippines' APEC hosting in 2015 under the theme: "Buildin...

by Erlinda M. Medalla | On 25 Feb 2016

National Treatment on Internal Taxation: Revisiting GATT Article III:2

The principle of non-discrimination which comprises national treatment and most-favored-nation (MFN) treatment is an important pillar of the multilateral trading system. The World Trade Organization (...

by Sherzod Shadikhodjaev | On 25 Feb 2016

Combed Cotton Yarn Exports of Pakistan to the US: A Dispute Settlement Case

On December 24, 1998 the Government of Pakistan (GOP) received a Call Notice from the US Government for consultation regarding the establishment of quantitative restraints on Pakistani exports of Comb...

by S. M. Hussain | On 25 Feb 2016

Biosafety Protocol, International Trade and Agricultural Biotechnology: Policy Inferences for India

The growing development in and possibly greater diffusion of biotechnology products have further accentuated the intensity of trade restrictions on the entry of these goods in countries like EU, Japan...

by Sachin Chaturvedi | On 25 Feb 2016

The Political Economy of Trade Policy in Indonesia

This paper focuses on Indonesia’s trade policies after the economic crisis. It examines the trend towards protection and addresses the issues of competitiveness. The concluding part briefly discusses...

by M. Basri | On 25 Feb 2016

Towards Comprehensive Economic Co-operation between India and Central Asian Republics

Despite some recovery in recent years, Central Asian Republics (CARs) remain in difficult economic situation and they present a serious challenge to Asia. It is in the mutual interest of both CARs and...

by Ramgopal Agarwala | On 24 Feb 2016

Workshop Report on “Starving Tigers?: Impact of Climate Change in South East Asia”

The Copenhagen Summit in December 2009 failed to yield a concrete, politically-binding agreement among states to reduce carbon emissions in order to mitigate climate change. This is so despite the wid...

by S. Rajaratnam International Studies | On 24 Feb 2016

Asean-China Trade Relations :15 Years of Development and Prospects",The Gioi Publishers,2008 Recent Development of China-ASEAN Trade and Economic Relations: From Regional Perspective

Abstract: The development of China-ASEAN trade and economic relations within the recent 15 years has of great significance not only for both sides but also for the whole East-Asia region. This paper i...

by Zhao Jianglin | On 24 Feb 2016

Regional Cooperation towards Multilateral Arrangements on Agriculture, Labour, and Environment in the Context of Globalisation: The Case of Indonesia

This study looks at Indonesia’s commitments to multilateral trade agreements, and assesses policies adopted by the government to meet the criteria set by those agreements. Particularly, three sectors...

by Titik Anas | On 24 Feb 2016

National Hazardous Waste Management Strategy

National Hazardous Waste management Strategy has now been formulated to complement and strengthen the regulatory regime. This is based on the understanding and experience of diverse issues connected w...

by Ministry of Environment and Forest | On 24 Feb 2016

Industrial Growth And Environmental Industrial Growth And Environmental Industrial Growth And Environmental Degradation: Degradation: Degradation: A Case Study Of Tiruppur Textile Cluster A Case Study Of Tiruppur Textile Cluster A Case Study Of Tiruppur Textile Cluster

The rapid economic growth achieved after globalization by most of the developing countries, has imposed considerable social costs and has become a major threat to sustainable development. However it i...

by Prakash Nelliyat | On 23 Feb 2016

From Crisis to Recovery in Asia: Strategies, Achievements, and Lessons

This paper reviews and highlights lessons from the stabilisation and reform programme that Thailand, Malaysia and Korea implemented in response to the 1997 crisis. The three countries’ rapid recovery...

by Kanit Sangsubhan | On 23 Feb 2016

International Monetary Reform: A Critical Appraisal of Some Proposals

This paper reviews some of the current debates on the reform of the international monetary system. Despite its deficiencies, the United States (US) dollar will remain the dominant currency and Special...

by Yung Chul Park | On 22 Feb 2016

Preferential Trading In South Asia

This paper examines the economic case for the South Asia Free Trade Area (SAFTA) Agreement signed on January 6 th, 2004 by India, Pakistan, Bangladesh, Sri Lanka, Nepal, Bhutan, and the Maldives. It s...

by Tercan Baysan | On 21 Feb 2016

Asian Monetary Integration: A Japanese Perspective

This paper discusses Japan’s strategy for Asian monetary integration. It argues that Japan faces three major policy challenges when promoting intraregional exchange rate stability. First, there must b...

by Masahiro Kawai | On 21 Feb 2016

The Road to Rio+20: Ambitious Goals for Sustainable Development

The world’s biggest summit on environment and development in 20 years will take place in Rio de Janeiro, Brazil, in June this year. What are the opportunities and challenges for this global multilater...

by | On 20 Feb 2016

Burmese Refugee Women and the Gendered Politics of Exile, Reconstruction and Human Rights

This research paper examines the predicament of Burmese women refugees in India and explores the complexities of the female refugee experience. Combining theoretical perspectives with personal narrati...

by | On 20 Feb 2016

Food Security: What It Means for a Food-Importing Country

Most countries depend on three “food taps” – imports, self-production, reserve stocks – to make food available. All countries import some amount of food to meet their increasingly diverse dietary dema...

by | On 17 Feb 2016

Volatility Spillover between the Stock Market and the Foreign Market in Pakistan

The paper examines the volatility spillover between the stock market and the foreign exchange market in Pakistan. For the longrun relationship we use the Engle Granger two-step procedure and the volat...

by Abdul Qayyum | On 17 Feb 2016

The Relationship between Corporate Governance Indicators and Firm Value: A Case Study of Karachi Stock Exchange

It is investigated whether differences in quality of firm-level corporate governance can explain the firm-level performance in a cross-section of companies listed at Karachi Stock Exchange. Therefore,...

by Attiya Y. Javid | On 17 Feb 2016

Here Comes the Haze, Yet Again: Are New Measures Working?

The current episode of haze is the first after Indonesia ratified the ASEAN agreement to tackle haze pollution in 2014. It is also the first after Singapore’s Transboundary Haze Pollution Act 2014 cam...

by | On 16 Feb 2016

Transboundary Pollution: Arrival of the Haze Refugee?

The ‘climate refugee’ is not a new phenomenon. We are most likely set to see thousands displaced within their own countries or across borders as a result of adverse weather in future. This year’s fore...

by | On 16 Feb 2016

COP21 Paris Climate Change Conference: Can Global Deal Be Achieved?

All eyes are on Paris where world leaders will meet for the much anticipated 2015 climate change conference. They are expected to reach a consensus on a legally-binding climate agreement for all count...

by | On 16 Feb 2016

COP 21 and the Paris Agreement: Achievement or Half Measure?

The Paris Agreement on Climate Change hailed as the first truly universal and unanimous agreement on climate was celebrated as progress in humanity’s collective fight against climate change. But what...

by | On 16 Feb 2016

Exchange Market Pressure and Monetary Policy: Evidence from Pakistan

The study employs Girton and Roper (1977) measure of exchange market pressure—sum of exchange rate depreciation and foreign reserves outflow, to examine the interaction between exchange market pressur...

by M. Idrees Khawaja | On 16 Feb 2016

Economic Stability and Choice of Exchange Rate Regimes

The purpose of this paper is to emphasize the importance of Europe’s structural problems and governance as the cause of the current euro area crisis. The euro may have led to bubbles, but member econo...

by Sahoko Kaji | On 16 Feb 2016

The Trans-Pacific Partnership Agreement: Looking Ahead to the Next Steps

Pressure has been building for the conclusion of the 12-country Trans-Pacific Partnership (TPP) negotiations. Getting the deal done is important, but the TPP is not just another free trade agreement (...

by Deborah Elms | On 16 Feb 2016

Global Implications of the Renminbi’s Ascendance

This paper evaluates the prospects for the renminbi’s role as an international currency and the implications for global financial markets. Although the People’s Republic of China (PRC) does not have e...

by Eswar Prasad | On 16 Feb 2016

Myanmar: The Key Link between South Asia and Southeast Asia

This paper examines the road and railway links in Myanmar connecting northeast India on the one side with the rest of Southeast Asia on the other. It also discusses the importance of new deep-sea port...

by Hector Florento | On 16 Feb 2016

Monetary Policy Objectives in Pakistan: An Empirical Investigation

The Taylor rule (1993) focuses only on two objectives: output and inflation. In practice, the central bank’s loss function (especially in developing countries) contains objectives other than these two...

by Wasim Shahid Malik | On 15 Feb 2016

Stock Market Reaction to Catastrophic Shock: Evidence from Listed Pakistani Firms

This study examines the effect of the earthquake of October 8, 2005 on the price behaviour and activities of Karachi Stock Exchange (KSE). Sixty firms are selected from those listed on Karachi Stock E...

by Attiya Y. Javid | On 15 Feb 2016

Recent Experiences in the Foreign Exchange and Money Markets

This paper attempts to analyze the underlying causes and impact of the recent developments in the foreign exchange and money markets.

by Md. Habibur Rahman | On 15 Feb 2016

Inflation in Bangladesh: Supply Side Perspectives

This policy note is an exploratory attempt to verify the popular argument that cost side factors are no less contributory than demand side factors in stimulating inflation in the Bangladesh economy. T...

by Md. Alauddin Majumder | On 15 Feb 2016

Monetary Policy and Capital Market Development in Bangladesh

Bangladesh Bank (BB) adjusted its monetary policy stance during 2005 in order to contain inflationary pressures and facilitate stability in the foreign exchange market. At the end of 2005, interest ra...

by Shubhasish Barua | On 15 Feb 2016

Afghanistan’s Deep Challenges and Transition Opportunities

The continued withdrawal of ISAF forces and the handover of responsibilities to Afghan National Security Forces (ANSF) along with a strong Taliban military push dominated the security realm. The ANSF...

by Vanda Felbab-Brown | On 14 Feb 2016

Security and Political Developments in Afghanistan in 2014 and After : Endgame or New

The excerpt below introduces a book chapter written by Vanda Felbab-Brown for the Austrian Federal Ministry of the Interior anthology, Afghanistan 2014, published in March 2014. In this chapter, Dr. F...

by Vanda Felbab-Brown | On 14 Feb 2016

Afghanistan’s Displaced People: 2014 and Beyond

Afghanistan is the largest refugee repatriation operation in the world. More than 5.7 million people have returned in the last ten years, representing nearly a quarter of the current population of 28...

by Aidan O'Leary | On 14 Feb 2016

Bilateral J-Curves between Pakistan and Her Trading Partners

Earlier studies that investigated the J-Curve phenomenon for Pakistan employed aggregate trade data. These studies suffered from the “aggregation bias” problem. In order to overcome this constraint, t...

by Zehra Aftab | On 14 Feb 2016

The Conditional Capital Asset Pricing Model:- Evidence from Karachi Stock Exchange

This is an attempt to empirically investigate the risk and return relationship of individual stocks traded at Karachi Stock Exchange (KSE), the main equity market in Pakistan. The analysis is based on...

by Attiya Y. Javid | On 14 Feb 2016

Test of Multi-moment Capital Asset Pricing Model: Evidence from Karachi Stock Exchange

This study examines the Capital Asset Pricing Model of Sharpe (1964) Lintner (1965) and Black (1972) as the benchmark model in the asset pricing theory. The empirical findings indicate that the Sharpe...

by Attiya Y. Javid | On 14 Feb 2016

The Role of Informal Cross-border Trade in Myanmar

In a country where there are constraints in formal practices, informal activities normally arise. Informal practices are not necessarily illegal and bad, however some of them tend to occupy a grey are...

by | On 09 Feb 2016

Illegal Heroes and Victimless Crimes Informal Cross-border Migration from Myanmar

This paper highlights the perception of each and everyone involved in the course of cross-border migration from Myanmar in each step they, internationally or unintentionally, maintain the status of il...

by | On 09 Feb 2016

Trade Policy Options for Sustainable Oceans and Fisheries

With 37% of fish harvest exported as food for human consumption or in non-edible forms, trade policies and measures constitute an essential part of the overall policy framework needed to support susta...

by | On 08 Feb 2016

Capital Inflows, Inflation and Exchange Rate Volatility: An Investigation for Linear and Nonlinear Causal Linkages

In this study, an investigation of the effects of capital inflows on domestic price level, monetary expansion and exchange rate volatility. To proceed with this, linear and nonlinear cointegration and...

by Abdul Rashid | On 06 Feb 2016

Exporting Corruption, Progress Report 2015: Assessing Enforcement of the OECD Convention on Combatting Foreign Bribery

Transparency International’s 2015 Progress Report is an independent assessment of the enforcement of the Organisation for Economic Co-operation and Development’s (OECD’s) Anti-Bribery Convention. The...

by Transparency International | On 05 Feb 2016

How the Green Climate Fund Could Promote REDD+ through a Cash on Delivery Instrument: Issues and Options

A specific proposal is suggested for the Green Climate Fund (GCF) to pilot a pay for results agreement – using a Cash on Delivery (COD) approach – to slow climate change through reductions in deforest...

by William Savedoff | On 03 Feb 2016

Market Imperfections and Dividend Policy Decisions ofManufacturing Sector of Pakistan

Dividend policy is an important issue of corporate finance and the present study examines the effect of market imperfections such as asymmetric information, agency costs and transaction cost of issuin...

by Darakhshan Younis | On 03 Feb 2016

Liquidity Benefits from Underpricing: Evidence from Initial Public Offerings Listed at Karachi Stock Exchange

This study explains the underpricing phenomenon through the relationship of underpricing (initial returns), ownership structure and aftermarket liquidity empirically by using cross-sectional data of 5...

by Malik Muhammad Shehr Yar | On 03 Feb 2016

Dynamic Relationship and Volatility Spillover between the Stock Market and the Foreign Exchange Market in Pakistan: Evidence from VAR-EGARCH Modelling

The paper examines the dynamic relationship and volatility spillovers between the stock market and the foreign exchange market in Pakistan using weekly data from 02 July, 1997 to 04 July 2012. Johanse...

by Abdul Qayyum | On 03 Feb 2016

The Global Financial Crisis and Investors' Behaviour: Evidence from the Karachi Stock Exchange

The present study empirically examines the short term under and overreaction effect in the Karachi Stock Exchange, Pakistan, in the context of the 2008 Global Financial Crisis considering the period f...

by Asiya Sohail | On 03 Feb 2016

An Analysis of Accrual Anomaly in Case of Karachi Stock Exchange

This study investigates the existence of accrual anomaly by using a sample of 340 non-financial firms listed at Karachi Stock Exchange. The objective of the study is to examine the persistence of th...

by Jawad Mohammad | On 03 Feb 2016

Employment Strategy and Equitable Growth: A Social Capital Perspective for KPK

Although labour force participation in Pakistan has improved from 50.33 percent in 2006-07 to 57.24 percent in 2010-111 as well as employment has increased from 47.65 million to 53.84 million, however...

by Syed Akther Shah | On 02 Feb 2016

Pakistan: The Impact of Economic Liberalisation on Poverty

The reform program that Pakistan gradually implemented during the 1980s and the early 1990s dismantled many of the components of the ISI strategy.1 The extent of dependence on quantitative import cont...

by Zafar Mahmood | On 02 Feb 2016

Towards a Framework for Achieving Food Security in the Mountains of Pakistan

The agriculture sector in Pakistan sustains the livelihoods of 45 per cent of the national population. Both the direct and indirect contributions of the agriculture sector to overall growth and wellbe...

by Golam Rasul | On 02 Feb 2016

The 2014 Arab Opinion Index

The 2014 Arab Opinion Index is the third annual survey of Arab public opinion carried out by the Arab Center for Research and Policy Studies. In 2011, the survey was carried out in 12 Arab countries,...

by Arab Center for Policy Studies | On 02 Feb 2016

The Role of Religion in the Public Domain in Egypt after the January 25 Revolution

This study argues that religion will have an important role in determining the form and nature of the democratic transition in Egypt during its next phase. It also demonstrates that there is no longer...

by | On 02 Feb 2016

Employment Exchanges

Data about employment exchanges, how they function and suggestions for improvement are given here.

by Aarti Salve | On 01 Feb 2016

Comparing Safeguard Measures in Regional and Bilateral Agreements

This study provides trade negotiators, policy-makers and other stakeholders with a clear, practical comparative analysis of the advantages and disadvantages of the various safeguard clauses included i...

by | On 30 Jan 2016

Rules of Origin under Regional Trade Agreements

It is argued in this paper that both the negotiations and the analytical literature pertaining to Rules of origin (ROO) display a lack of sound understanding of the implications of rules of origin. De...

by Ram Upendra Das | On 30 Jan 2016

An Analysis of Pegged Exchange Rate Between Bhutan and India

This paper analyzes the applicability of the theory of optimum currency area to the pegged exchange rate regime between Bhutan and India. Most of the optimum currency criteria hold true for Bhutan and...

by Karma Galey | On 29 Jan 2016

Food Security and WTO Domestic Support Disciplines Post-Bali

Trade ministers in Bali agreed an interim solution to the problem of food security and WTO domestic support disciplines, but also committed to begin discussions on a "permanent solution" once the mini...

by Alan Matthews | On 28 Jan 2016

Hard Law and ‘Soft Law’: Options for Fostering International Cooperation

Substantial literature has emerged in the past two decades on the meaning of “soft law”, its purposes, and its consequences for effective international cooperation. This paper argues that the distinct...

by | On 28 Jan 2016

Enhancing Coherence and Inclusiveness in the Global Trading System in the Era of Regionalism

Over the past two decades, regional trade agreements (RTAs) have proliferated alongside the WTO system, involving a wide variety of agreements. In the absence of significant progress on the multilater...

by | On 28 Jan 2016

A Legally Binding Agreement (LBA) - Growing Need for Air Pollution Reduction and Control in South Asia

With increasing urbanization and economic growth, air pollution is becoming an urgent concern in South Asian countries. The study upon which this paper is based has been conducted at SDPI, to look int...

by Mahmood Khwaja | On 28 Jan 2016

The Functioning of the WTO: Options for Reform and Enhanced Performance

The multilateral rules-based trading system has been crucial in helping states to cooperate and gradually open up borders to encourage trade and investment for development. It has contributed to tempe...

by | On 28 Jan 2016

A Role for the World Trade Organization on Regulatory Coherence

The way the world trades has changed since the World Trade Organization (WTO) was established. Fewer goods and services originate from any one supplier or country. Components and intermediate services...

by | On 27 Jan 2016

Competition Law/Policy and the Multilateral Trading System: A Possible Agenda for the Future

Important synergies or complementarities exist between trade liberalization initiatives and the application of measures to suppress anti-competitive practices or arrangements. In fact, both anti-compe...

by | On 27 Jan 2016

Agriculture and Food Security: New Challenges and Options for International Policy

New challenges are facing the global food and agriculture trading system in the 21st century. The present paper identifies options for how policies and international trade rules can respond to this ne...

by | On 27 Jan 2016

A New Look at the Extensive Trade Margin Effects of Trade Facilitation

We estimate the effects of trade facilitation on the extensive margins of trade. Using OECD Trade Facilitation Indicators – which closely reflect the Trade Facilitation Agreement negotiated at the Bal...

by Robert Teh | On 27 Jan 2016

Intellectual Property Provisions in Regional Trade Agreements: Revision and Update

The paper assembles detailed information about the IP provisions contained in active RTAs notified to the WTO. The goal was to expand beyond the more commonly studied RTAs, to review the full array of...

by Maegan McCann | On 27 Jan 2016

The Relationship Between Services Trade And Government Procurement Commitments: Insights From Relevant WTO Agreements And Recent RTAS

To date, government procurement has been effectively carved out of the main multilateral rules of the WTO system. This paper examines the systemic and other ramifications of this exclusion, from both...

by Robert Anderson | On 26 Jan 2016

Infrastructure Provision , Trade And Development Prospects: Potential Role And Relevance Of The WTO Agreement On Government Procurement (GPA)

The paper, nonetheless, acknowledges that delivering these benefits would involve significant practical and political challenges. It concludes that if the challenges can be overcome and the mutual ben...

by Kodjo Osei-Lah | On 26 Jan 2016

The Layers of the IT Agreement's Trade Impact

The WTO’s plurilateral Information Technology Agreement (ITA) reduced tariffs to zero on many IT products. This paper presents a comprehensive study of its trade impacts by incorporating recent insigh...

by Christian Henn | On 26 Jan 2016

Charting the Evolving Landscape of Services Trade Policies: Recent Patterns of Protection and Liberalization

While greater focus has been cast on analysis of policy changes affecting trade in goods in the aftermath of the financial crisis, little is known about the direction of policies affecting trade in se...

by Martin Roy | On 26 Jan 2016

Tbt Provisions In Regional Trade Agreements: To What Extent Do They Go Beyond The WTO TBT Agreement?

This paper investigates whether TBT provisions included in RTAs differ from those under the WTO TBT Agreement, and, if they do, whether they entail broader commitments. Our analysis covers 238 RTAs, o...

by Vira Khoroshavina | On 26 Jan 2016

TRIPS Plus Agreements and Issues in Access to Medicines in Developing Countries

Harmonisation of intellectual property rights among the members of WTO has in the recent years seen informed debates on access to medicines. While the developing countries are lured to such agreements...

by Samira Guennif | On 26 Jan 2016

India-Korea CEPA: An Appraisal of Progress

The Comprehensive Economic Partnership Agreement (CEPA) between India and the Republic of Korea is the first such free trade agreement signed by India with an OECD country. It was signed in August 200...

by | On 25 Jan 2016

Does Exchange Rate Intervention Trigger Volatility?

This study aims at investigating two important issues concerning the exchange rate intervention policy of the Reserve Bank of India: (1) whether there is any asymmetry in intervention; and (2) whether...

by M. Ramachandran | On 24 Jan 2016

External Shocks

After the global financial crisis, India was exposed to many external shocks from commodity prices and foreign capital flows. Although capital flow fluctuations were largely due to global risk-on risk...

by Ashima Goyal | On 24 Jan 2016

Volatility of Stock Return in the Dhaka Stock Exchange

This note examines the volatility in stock prices in the Dhaka Stock Exchange (DSE) during 2003- 2007. Excessive volatility and fluctuations in stock price fail to provide the correct signal on compan...

by Md. Habibour Rahman | On 23 Jan 2016

New Trade Links: A Step towards Asian Economic Integration?

This paper states that the sheaf of trade- and investment-agreements that India and Bangladesh have now signed will open up opportunities for New Delhi to look at, and beyond, its near-East neighbour...

by | On 23 Jan 2016

Sri Lanka’s Transformational Election

Maithripala Sirisena’s unexpected victory against his former boss and the incumbent President Mahinda Rajapaksa in Sri Lanka’s presidential election held on 8 January 2015 signifies a major political...

by | On 23 Jan 2016

Bilateral Free Trade Agreements (FTAs) Opportunities and Challenges for Bangladesh - Framework Issues

In the backdrop of rise in Free Trade Agreements (FTAs) in developing countries, particularly after the global financial and economic crisis, Bangladesh is still ambivalent in setting its strategies r...

by Khondaker Moazzem | On 23 Jan 2016

Expanding Foreign Investment in the Energy Sector Challenges and Risks For Bangladesh?

A recent project under the CMI-CPD institutional collaboration agreement has looked at the effect of corruption on investment in the energy sector. A distinction is made between the extraction of ener...

by Arne Wiig | On 23 Jan 2016

The E15 Initiative: Strengthening the Global Trade and Investment System in the 21st Century

World trade has experienced a significant slowdown since the 2008 financial crisis. Over this period, the global ratio of trade expansion to income growth has halved. An effective global trade and inv...

by World Economic Forum [WEF] | On 22 Jan 2016

India and APEC An Appraisal

This Study surveys the progress that APEC has made towards promoting regional economic cooperation and integration. It examines the desirability of India joining APEC and looks at possible benefits an...

by V. S. Seshadri | On 21 Jan 2016

The Trans Pacific Partnership (TPP)

The Trans Pacific Partnership (TPP) has emerged as a major regional initiative for trade and investment liberalisation and towards enhancing competitiveness of the twelve participant countries drawn f...

by V. S. Seshadri | On 21 Jan 2016

Mechanics of Intra-Industry Trade and FTA Implications for India in RCEP

The paper highlights the economics of IIT in the context of FTAs in a manner not explored before, by building on the new trade theories. The paper demonstrates both theoretically and empirically, with...

by Ram Upendra Das | On 21 Jan 2016

Philanthropy Beyond Carbon Neutrality

The Paris Agreement on climate change has united the world in the pursuit of an ambitious climate goal. However, goals alone will not avert catastrophic climate change. Credible commitments to aggress...

by Noah Deich | On 19 Jan 2016

Illegal Bangladeshi Migration: Evaluating India-Bangladesh Approaches

The issue of Bangladeshi migration in India has become a major concern for policy makers in recent years. Indeed, India’s eastern border is facing major illegal activities viz. the influx of illegal...

by | On 19 Jan 2016

Long-term care protection for older persons: A review of coverage deficits in 46 countries

This paper: (i) examines long-term care (LTC) protection in 46 developing and developed countries covering 80 per cent of the world’s population; (ii) provides (data on LTC coverage for the population...

by Xenia Scheil-Adlung | On 19 Jan 2016

Does Clientelism Work? A Test Of Guessability In India

Research on clientelism broadly assumes that local political agents, or brokers, possess fine-grained information on voters’ political preferences, and often can directly or indirectly monitor their v...

by Mark Schneider | On 18 Jan 2016

India-Bangladesh Land Boundary Agreement: Follow-up Concerns Need a Fair Approach

The recent success of India and Bangladesh in settling the complicated issue of political enclaves in each other’s territories could be traced to the spirit displayed by the leaders of the two countri...

by | On 18 Jan 2016

Transfer Behaviour in Migrant Sending Communities

We study how international migration changes the private transfers made between households in the migrant sending communities of developing countries. A priori, it is indeterminate whether migration a...

by | On 15 Jan 2016

Navigating Climate Change: Extenuating Strategies to Combat Climate Migration Threats

This paper aims to test the validity of the hypothesis that climate change in the coming years is likely to induce massive migration to and from South Asia, both within and across the borders. This pa...

by | On 11 Jan 2016

India-Myanmar Ties: New Hope, Old Despair

India’s current trade negotiations have three agreements as top priorities. Two of these the India ASEAN services agreement and the bilateral trade and investment agreement with the European Union (EU...

by Laldinkima Sailo | On 09 Jan 2016

Analysis of Myths and Realities of Deforestation in Northwest Pakistan: Implications for Forestry Extension

Pakistan is among those countries, which have very high deforestation rate. The remaining forests are very diverse in nature and of significant importance for the country’s economy and livelihoods of...

by Tanvir Ali | On 08 Jan 2016

Prevention and Resolution of Foreign Exchange Crises in East Asia

This paper discusses mechanisms to prevent and resolve foreign exchange crises in East Asia. Policies and mechanisms at the country level as well as regional and global levels are discussed. Policies...

by Andrew Cooper | On 07 Jan 2016

New Measures of the Trilemma Hypothesis: Implications for Asia

The authors develop a new set of indexes of exchange rate stability, monetary policy independence, and financial market openness as the metrics for the trilemma hypothesis. In their exploration, they...

by Masahiro Kawai | On 07 Jan 2016

Asia-Latin America Free Trade Agreements: An Instrument for Inter-Regional Liberalization and Integration?

Trade integration and free trade agreement (FTA)-led cooperation between Asia and Latin America has increased since the early 2000s. Using new criteria, this paper examines whether Asia-Latin America...

by Ganeshan Wignaraja | On 07 Jan 2016

India in the International Trade of Intermediates & Final Products – A Sector Level Study

International trade is redefined today in terms of trade in value added and global value chains. Most countries trade both in finished goods as well as intermediates. India, a less talked about countr...

by | On 07 Jan 2016

The 2030 Architecture of Association of Southeast Asian Nations Free Trade Agreements

This paper investigates and analyzes the present status, potential, and prospects of Association of Southeast Asian Nations (ASEAN) free trade agreements (FTAs). The move towards the ASEAN Economic Co...

by Suthiphand Chirathivat | On 07 Jan 2016

Cross-Border Price Differentials and Goods Market Integration in East Asia

As cross-border movements of goods, capital, and labor are intensifying, it is likely that goods markets in East Asia will become increasingly integrated. This study investigates the current state of...

by Woosik Moon | On 07 Jan 2016

Multilateralizing Asian Regionalism

Motivated by the proliferation of free trade agreements (FTAs) in Asia over the last decade, this paper studies the challenges faced by the Asian “noodle bowl” — overlapping, multiple trade rules, reg...

by Richard Baldwin | On 07 Jan 2016

Plurilateral Agreements: A Viable Alternative to the World Trade Organization?

The paper looks at some issue-based plurilateral agreements — such as the Information Technology Agreement (ITA), the Financial Services and Basic Telecommunication Services Agreements, and the Anti-C...

by Michitaka Nakatomi | On 07 Jan 2016

Regional Trade Agreements and Enterprises in Southeast Asia

This paper undertakes a comparative and firm-level analysis of the impact of regional trade agreements (RTAs) in Indonesia, Malaysia and the Philippines. It finds that firm-heterogeneity matters in RT...

by Ganeshan Wignaraja | On 07 Jan 2016

Managing Capital Flows in Asia: An Overview of Key Issues

Global capital flows into emerging markets, including those in Asia, continue to be volatile, generating both benefits and costs. The latter are associated with episodes of currency and banking crises...

by Ramón López | On 01 Jan 2016

Illegal Immigration and the Shadow Economy

We build a general equilibrium model in which both illegal immigration and the size of the informal sector are endogenously determined. In this framework, we show that indirect policy measures such as...

by Carmen Camacho | On 29 Dec 2015

The India-Sri Lanka Free Trade Agreement and the Proposed Comprehensive Economic Partnership Agreement: A Closer Look

The India–Sri Lanka Free Trade Agreement has been in operation for more than a decade. The paper provides the Sri Lankan perspective of the Free Trade Agreement (FTA) highlighting both the positive ou...

by Saman Kelegama | On 29 Dec 2015

Response of Stock Markets to Monetary Policy: An Asian Stock Market Perspective

We estimate the response of Asian stock market prices to exogenous monetary policy shocks using a vector error correction model. In our paper, monetary policy transmits to stock market price through t...

by Farzana Sehrin | On 29 Dec 2015

Advancing Gender Equality: Promising Practices: Case Studies from the Millennium Development Goals Achievement Fund

This report presents lessons and results of specific relevance to shaping the post-2015 development framework derived from 20 Joint Programmes supported by the MDGF. These studies contain lessons to e...

by UN Women | On 28 Dec 2015

Labour Cost and Export Behaviour of Firms in Indian Textile and Clothing Industry

The implementation of the Agreement on Textile and Clothing (ATC) of the World Trade Organization (WTO) renders both threats and opportunities to India’s Textile and Clothing (T&C) industry in the wak...

by Vinoj Abraham | On 26 Dec 2015

Assessing the Experience of South Asia–East Asia Integration and India's Role

This paper examines the gains for South Asian economies from integratingwith East Asia and India’s role in this process. Evidence of increased pan-Asian integration exists but the process is uneven. B...

by Ganeshan Wignaraja | On 24 Dec 2015

National Refugee Law for India: Benefits and Roadblocks

This paper intends to ascertain whether a uniform national law would be beneficial to the interests of the three main parties involved with refugee policy in India, namely the Government of India, the...

by Arjun Nair | On 22 Dec 2015

Uprooted Homes Uprooted Lives Key Findings of a Study on the Impact of Involuntary Resettlement on a Slum Community in Mumbai

Involuntary resettlement refers to the movement of populations when the choice to remain in a place is not granted. This is distinct from voluntary population movements, including rural- urban migrati...

by | On 21 Dec 2015

The High and Low Politics of Trade

The World Trade Organization (WTO) is in trouble. Its negotiating mechanism has mostly seized up, as reflected in the failure to conclude the long-running Doha Round. No obvious solution to this conun...

by | On 21 Dec 2015

Real Exchange Rate and its Impact on Export, Import and Trade Balance: Is There any J Curve Effect in Bangladesh?

The intention of this paper is to examine whether Real Exchange Rate (RER)depreciation has any impact on export, import and trade balance of Bangladesh. Real exchange rate is calculated using Tk./do...

by Maidul Chowdhury | On 19 Dec 2015

Exchange Rate Reform in South Sudan

This paper considers the role of the exchange rate in the economy and its importance as a macroeconomic instrument, and outlines the policy choices that are available to governments in general, and th...

by Keith Jefferis | On 18 Dec 2015

Reserve Accumulation and Sterilized Intervention in the Foreign Exchange Market in Bangladesh: An Empirical analysis

The main intention of the paper is to investigate the extent of sterilization of Bangladesh Bank to offset the monetary expansionary effect of reserve accumulation in the foreign exchange market. To...

by Mst. Nurnaher Begum | On 18 Dec 2015

External Sector Openness Management: The Bangladesh Experience

Bangladesh has had impressive growth in exports, remittances and foreign exchange reserve in recent year. By analyzing the liberalizing regime from 1979 to this date by adopting a comprehensive approa...

by Abdul Wahab | On 18 Dec 2015

In a Weak State: Status and Reintegration of Children Associated with Armed forces and Armed Groups (CAAFAG) in Nepal

The Comprehensive Peace Agreement (CPA) signed on 21 November 2006, made an unprecedented commitment to those children who had been involved in Nepal’s decade long civil war. It stipulated that those ...

by | On 17 Dec 2015

Rethinking India’s Climate Policy and the Global Negotiations

This essay examines India’s position in international negotiations on climate change and domestic mitigation actions, based on scientific evidence and equity. It is argued that India’s stance has larg...

by D Raghunandan | On 17 Dec 2015

Adaptation in a Global Climate Agreement

This paper reviews the adaptation components of the Intended Nationally Determined Contributions (INDCs) submitted by developed, emerging, and least developed nations, and suggests how such measures...

by | On 11 Dec 2015

Disability and Forced Migration: Critical Intersectionalities

The vast majority of the world’s displaced people are hosted in the global South, in the poorest countries in the world. This is also a space with the highest numbers of disabled people, many of who l...

by | On 13 Nov 2015

Policy Tradeoffs in an Open Economy and the Role of G-20 in Global Macroeconomic Policy Coordination

In this paper the aim is to investigate the different nuances of India's capital account management through empirical analyses as well as descriptive discussions. In particular the study the evolution...

by Rajeswari Sengupta | On 19 Oct 2015

A Darwinian Perspective on “Exchange Rate Undervaluation”

This paper studies how status competition for marriage partners can generate surprising effects on the real exchange rate (RER). In theory, a rise in the sex ratio (increasing relative surplus of men)...

by Qingyuan Du | On 08 Oct 2015

The Social Dimensions of Free Trade Agreements

The report provides a comprehensive review of all existing trade agreements that include social provisions and discusses impacts for enterprises and workers.It also helps assess the challenges for ari...

by International Labour Organiztion [ILO] | On 23 Sep 2015

The Drowned and the Saved

How do refugees feature in contemporary rhetoric? In the face of suffering the only way to keep borders closed, as Europe is beginning to discover, is to turn one’s face away. The appeal constituted b...

by Pramod K. Nayar | On 19 Sep 2015

The Bali Agreement: An Assessment from the Perspective of Developing Countries

This paper discusses the different agreements and decisions reached in the Bali Ministerial Conference and the potential implications for the post-Bali work program. The results of the Bali Minister...

by Eugenio Díaz Bonilla | On 16 Sep 2015

Is Citizenship the Answer? Constructions of belonging and exclusion for the stateless Rohingya of Burma

The Rohingya, a Muslim ethnic minority group in Arakan State, Burma, are among the most vulnerable and persecuted populations across the globe. Despite their significant historical presence in the cou...

by Cresa L. Pugh | On 08 Sep 2015

Driving Across the South Asian Borders: The Motor Vehicle Agreement Between Bhutan, Bangladesh, India and Nepal

The benefits of strengthening physical connectivity in a geographically contiguous region are increasingly being recognised. These links are expected to increase economic activity and people-to-people...

by Anasua Basu Ray Chaudhury | On 07 Sep 2015

Bilateral Agreements and Memoranda of Understanding on Migration of Low Skilled Workers: A Review

The aim of the paper is to review trends in developments of bilateral agreements (BAs) and MOUs focussing on low-skilled migration based on a global mapping exercise and and highlight agreements which...

by Piyasiri Wickramasekara | On 26 Aug 2015

Has Indian Plantation Sector Weathered the Crisis? A Critical Assessment of Tea Plantation Industry in the Post-reforms Context

the paper provides an overview of the growth and status of Indian tea plantation sector delineating the trends in economic performance in the global context in a historic perspective. It then examine...

by Viswanathan P K | On 25 Aug 2015

The WTO Agreement on Agriculture and Food Security

This study aims to help identify how a future multilateral agreement on agricultural trade can provide a secure framework within which developing countries can pursue effective policies to ensure thei...

by Stephen Devereux | On 21 Aug 2015

WTO and Nepal

This publication attempts to study major concepts of WTO and present some perspectives on Nepal’s membership in this rule based global trading organization. The chapters presents an introduction with...

by Nepal Rastra Bank NRB | On 17 Aug 2015

Reduction of GHG Emissions and Attainment of Energy Security through Sustainable Production of Biofuels: Is it a Viable Option? A Review of Experinces

The National Policy on Biofuels sets an indicative target of 20per cent blending of biofuels by 2017 to tackle the twin problem of energy security and climate change. Although biofuels seem to be the...

by Gopinath Reddy | On 13 Aug 2015

Inflation Targeting for India?: The Implications of Limited Asset Market Participation

This paper considers the implications of an imperfect monetary transmission mechanism for optimal monetary policy choices in an open economy. The asset market channel is restricted in this paper as so...

by | On 11 Aug 2015

Trade and Transport Facilitation in Bangladesh: An Audit of the State of Play

This working paper embodies the results of trade and transport facilitation audit which was carried out in the Bangladesh context, as part of a South Asian regional study.The study documents the major...

by Naimul Saif | On 11 Aug 2015

Equilibrium Exchange Rate Estimation for Taka – A Co integration Analysis

This paper is an attempt to know the equilibrium exchange rate of Taka to measure exchange rate misalignment. To estimate the equilibrium real exchange rate we use macroeconomic balance approach, wh...

by Md. Akhtaruzzaman | On 11 Aug 2015

Impact of Trilemma Indicators on Macroeconomic Policy: Does Central Bank Independence Matter?

For a sample of 42 high and middle income countries analyzed over a period of 30 years ranging from 1982 till 2011, this paper shows that while an efficient trilemma policy choice can help lower inf...

by | On 31 Jul 2015

Book Review: Partitioned Lives: Migrants, Refugees, Citizens in India and Pakistan, 1947-65

Review of Partitioned Lives: Migrants, Refugees, Citizens in India and Pakistan, 1947-65. New Delhi: Oxford University Press, 2012. xii + 254 pp. Rs. 521/-, ISBN 978-0-19-808177-7.

by Rohini Hensman | On 22 Jul 2015

How are Firms Responding to Philippine Free Trade Agreements?

The Philippines has been more cautious in its policy toward free trade agreements (FTAs) than other ASEAN member-states, having signed, so far, only one bilateral agreement with Japan in addition to t...

by Rafaelita M. Aldaba | On 20 Jul 2015

Estimating Demand for Turtle Conservation at the Rekawa Sanctuary in Sri Lanka

This study estimates the entrance fee that can be charged to visitors for ‘turtle watching’ to ascertain whether revenues from such fees can be used to compensate fishermen and reduce such illegal...

by R. M. Wasantha Rathnayake | On 10 Jul 2015

World at War: Global Trends, Forced Displacement in 2014

Global forced displacement has seen accelerated growth in 2014, once again reaching unprecedented levels. The year saw the highest displacement on record. By end-2014, 59.5 million individuals were fo...

by United Nations Human Rights Commission | On 19 Jun 2015

India and Bangladesh Land Boundary Agreement

Attempts have been made to arrive at a comprehensive settlement of the land boundary between India and Bangladesh (the erstwhile East Pakistan) since 1947. The Nehru-Noon agreement of 1958 and the agr...

by Ministry of External Affairs, GoI MEA | On 07 Jun 2015

Abuse, Poverty and Migration: Investigating Migrants' Motivations to Leave Home in Burma

International reporting of the large-scale migration of those leaving Burma in search of work abroad has highlighted the perils for migrant during travel and in host countries. However, there has been...

by | On 18 May 2015

The Human Rights of Stateless Rohingya in Thailand

The Rohingya are an ethno-religious minority group from the Rakhine region, which today is encompassed within the borders of Myanmar and is adjacent to Bangladesh. The majority of Rohingya in Myanmar...

by The Equal Rights Trust | On 14 May 2015

The India–Sri Lanka Free Trade Agreement and the Proposed Comprehensive Economic Partnership Agreement: A Closer Look

The paper provides the Sri Lankan perspective of the Free Trade Agreement (FTA) highlighting both the positive outcomes and the negative aspects. The paper shows that the FTA has worked in favor of Sr...

by Saman Kelegama | On 16 Mar 2015

Free Trade Agreements: Frequently Asked Questions (FAQs)

This FAQ is intended to be a ready reckoner for trade and industry including their associations and bodies; students of international trade, academicians, trade researchers etc for understanding the s...

by | On 16 Mar 2015

India’s Climate Strategy Needs Revision

Developing countries do not come with a clear plan or proactive position to climate change negotiations, whereas industrialised nations do - to erase their contribution to the emissions already presen...

by Sunita Narain | On 22 Jan 2015

Trade Policy Uncertainty and the WTO

This paper discusses the impact of WTO commitments on changes in MFN applied tariffs, isolating pure trade policy changes from any other change in the level of protection due to market conditions by f...

by Valeria Groppo | On 22 Jan 2015

Designing Policies in the Presence of Hawala Markets

The paper explores the impact of the existence of such a mechanism on the effectiveness of various policy instruments in influencing outcomes on the official foreign exchange markets and GDP. The pape...

by R.Kavita Rao | On 13 Jan 2015

Cyber Crime and Security

The purpose of this paper is Understanding Cyber crime and its phenomena, challenges and legal response to assist everyone in understanding the legal aspects of cyber security and to help harmonize le...

by Shilpa Yadav | On 13 Jan 2015

US-China Agreement on Climate Change

The bilateral Joint Announcement on Climate Change Agreement released by the US and China on 11 November on the sidelines of the APEC Meeting in Beijing has imparted a new momentum to the troubled neg...

by D Raghunandan | On 21 Dec 2014

Spillover Effects of Exchange Rates: A Study of the Renminbi

This paper estimates the impact of China’s exchange rate changes on exports of competitor countries in third markets, which is called as the “spillover effect. Recent theory is used to develop an id...

by Aaditya Mattoo | On 29 Oct 2014

Currency Undervaluation and Sovereign Wealth Funds: A New Role for the World Trade Organization

Two aspects of global imbalances - undervalued exchange rates and sovereign wealth funds - require a multilateral response. This paper proposes new rules in the World Trade Organization to discipline...

by Prachi Mishra | On 22 Oct 2014

What Undermines Aid’s Impact on Growth?

Why it is so hard to find a robust effect of aid on the long-term growth of poor countries, even those with good policies. A possible offset to the beneficial effects of aid is examined using a meth...

by Raghuram G. Rajan | On 20 Oct 2014

Causes of Indian Rupee Depreciation and its Impact on Bangladesh Economy

The intention of this paper is to examine the impact of Indian Rupee depreciation on Bangladesh Economy. The empirical results obtained from OLS for the sample period from 2007:10 to 2013:10 show tha...

by Sayera Younus | On 25 Sep 2014

BCIM Economic Corridor: Prospects and Challenges

Given the commonalities in terms of history, culture, languages and trade complementarity in many cases, the Bangladesh-China-India-Myanmar (BCIM) Corridor is a win-win arrangement. The linkages of tr...

by Pravakar Sahoo | On 15 Jul 2014

Determinants for the Demand and Supply of Texile Exports of Pakistan

This study analyses the demand and supply side determinants of textile and garments’ exports of Pakistan using time series data for the period 1972– 2010. Eight trading partners (US, UK, Canada, It...

by Rabia Latif | On 01 Jul 2014

‘Dere tun Dilli’ (From Dera to Delhi)’: Exploring identity formation of refugees from Dera Ismail Khan living in Delhi

The paper records oral narratives of first generation migrants from Dera Ismail Khan (DIK), a small district located in the North West Frontier Province in Pakistan, who moved across the border and li...

by Shilpi Gulati | On 13 May 2014

Overcoming Barriers: Human Mobility and Development

The report investigates migration in the context of demographic changes and trends in both growth and inequality. It also presents more detailed and nuanced individual, family and village experiences,...

by Jeni Klugman | On 06 May 2014

National Refugee Law in India: Benefits and Roadblocks

India’s status as a preferred refugee haven is confirmed by the steady flow of refugees from many of its subcontinental neighbours as also from elsewhere. India continues to receive them despite its o...

by Arjun Nair | On 17 Apr 2014

Financing Infrastructure in Bangladesh – Some Options

This paper seeks to outline the infrastructure needs of Bangladesh with respect to domestic sources of finance. While infrastructure encompasses energy, transportation, telecommunications, water and...

by Ishraq Ahmed | On 22 Jan 2014

The World Trade Organization and the Post-Global Food Crisis Agenda

This policy note offers a preliminary assessment of the compatibility between the WTO and efforts to protect the human right to adequate food as part of the post-crisis food security agenda. Existing...

by Olivier Schutter | On 02 Dec 2013

China-ASEAN Relations: Consensus on Principles, Differences on Specifics

ASEAN, for China, is the focal point for Chinese diplomacy with Southeast Asian countries. Beyond ASEAN, China’s overall relations with Russia, Central Asia and most South Asian countries are relative...

by Chaobing Qiu | On 29 Nov 2013

The Future of the World Trade Organization

The continued difficulties of the World Trade Organization to achieve further multilateral trade liberalization in the Doha Round negotiations have raised questions about its continued relevance. This...

by Biswajit Dhar | On 19 Nov 2013

Regional Comprehensive Economic Partnership: Reform Challenges and Key Tasks for the Philippines

The paper calls the attention of policymakers to address critical constraints affecting the effective utilization of free trade agreements, growth, trade facilitation and customs administration, servi...

by Gilberto M. Llanto | On 15 Nov 2013

Measuring International Remittances in India: Concepts and Empirics

India is the top remittance receiving nation in the world. The international remittance receipts in India have grown at an impressive rate of 300 per cent during the past decade. Understanding the tru...

by Puja Guha | On 13 Sep 2013

For Love or Money? Motivating Workers

An analysis of the ability of employers to provide care and attention as a way to motivate their employees is done. Workers not only compare their wages, as pointed out in previous literature, but als...

by Saima Naeem | On 09 Aug 2013

The Securities and Exchange Board of India (Amendment) Bill, 2013

A bill further to amend the Securities and Exchange Board of India Act, 1992. [PRS]. URL:[http://www.prsindia.org/uploads/media//SEBI%20(A)%20Bill,%202013/The%20Securities%20and%20Exchange%20Board%20...

by Parliamentary Research Service PRS | On 19 Mar 2013

The Companies Bill, 2011

A bill to consolidate and amend the law relating to companies. [PRS]. URL:[http://www.prsindia.org/uploads/media/Company/companies%20bill%202011.pdf].

by Parliamentary Research Service PRS | On 11 Feb 2013

The Real Exchange Rate and Export Growth: Are Services Different?

The determinants of exports of services, distinguishing between modern and traditional services are considered. The growth of export volumes and so-called export surges – periods of rapid sustained...

by Barry Eichengreen | On 02 Jan 2013

Black Money

The objective of this paper is to place in the public domain various facets and dimensions of black money and its complex relationship with the policy and administrative regime in the country. The pa...

by Ministry of Finance | On 22 May 2012

Hate Crimes in India: An Economic Analysis of Violence and Atrocities against Scheduled Castes and Scheduled Tribes

Crimes against the historically marginalized Scheduled Castes and Scheduled Tribes (SC/ST) by the upper castes in India represent an extreme form of prejudice and discrimination. In this paper, the ef...

by Smriti Sharma | On 16 May 2012

Environmental Migrants: A Myth?

This brief reviews recent evidence, examines main research challenges in identifying migration–climate links and discusses the policy options for formalizing migration as an adaptation mechanism to cl...

by Jean-François Maystadt | On 09 May 2012

Dispute Settlement in the WTO, Developing Countries and India

The paper undertakes an examination of the experience of developing countries with dispute settlement vis-à-vis developed countries during the 17 years since the entry into force of the WTO Agreement....

by Anwarul Hoda | On 08 May 2012

Audiovisual Services in Korea: Market Development and Policies

This paper reviews economic development and the regulatory environment of audiovisual services in the Republic of Korea (hereafter, Korea). The paper specifically examines motion pictures and broadcas...

by Yeongkwan Song | On 19 Apr 2012

Measuring and Explaining the Asymmetry of Liquidity

This paper examines transactions costs in buying versus selling using a large database of snapshots of the limit order book. On the equity spot market, there is clear evidence of asymmetry in liquid...

by Rajat Tayal | On 19 Apr 2012

A Competitive Genetic Algorithm for Single Row Facility Layout

The single row facility layout is the NP-Hard problem of arranging facilities with given lengths on a line, so as to minimize the weighted sum of the distances between all pairs of facilities. Owing t...

by Uma Kothari | On 09 Apr 2012

Price and Income Elasticity of Imports: The Case of Pakistan

The paper estimates the elasticity of Imports with respect to relative prices and income for Pakistan from 1971 to 2009. What distinguishes this paper from the earlier studies is the use of robust est...

by Khurram Ashfaq Baluch | On 30 Mar 2012

Close Eye or Closed Eye: The Case of Export Misinvoicing in Bangladesh

The effect of export subsidies on the under-invoicing of exports in Bangladesh is analyzed. In a framework that allows for unobserved heterogeneity among importing countries and product specificities,...

by Pranav Kumar Gupta | On 16 Mar 2012

Services as a New Engine of Growth for ASEAN, the People’s Republic of China, and India

The purpose of this report is twofold. First, a compendium of relevant data is presented on the state of the services sector in the ACI (ASEAN, PRC and India) countries, focusing on its contribution t...

by Ben Shepherd | On 12 Mar 2012

The End of the “Liberal Theory of History”? Dissecting the U.S. Congress’ Discourse on China’s Currency Policy

In the last ten years, economic issues related to currency policy have become the major ongoing dispute between China and the U.S. Especially the U.S. Congress is stridently demanding a tougher poli...

by Nicola Nymalm | On 01 Mar 2012

Myanmar Economy: A Comparative View

A stated objective of Myanmar is to become a modern developed nation that will stand shoulder to shoulder – proud, dignified and tall – with the countries of the world. How far has Myanmar come in a...

by U Myint | On 15 Feb 2012

The Euro Zone Crisis and its Dimensions and Implications

The sovereign debt problems in the peripheral economies of the euro zone has started to pose a serious threat to the main economies of the Europe and perhaps to the future of the 'euro‘ itself. Such a...

by M R Anand | On 06 Feb 2012

Inflation in Nepal

A large number of studies in Nepal have been conducted to identify the factors responsible for inflation based on the different theories of inflation. Although these studies provide insight into the...

by Nepal Rastra Bank Research Department NRB | On 02 Feb 2012

Fiscal Policy in India: Trends and Trajectory

This essay examines the trajectory of India?s fiscal policy with a focus on historical trends, fiscal discipline frameworks, fiscal responses to the global financial crisis and subsequent return to a...

by Supriyo De | On 31 Jan 2012

“Reserve Bank of India Post-Policy Conference Call”

RBI Governor D. Subbarao answering to researchers after publishing the monetary policy. [RBI]. URL:[http://rbidocs.rbi.org.in/rdocs/Content/PDFs/RBIRA27012012.pdf]

by Reserve Bank of India RBI | On 30 Jan 2012

Strengthening Banking Regulation: Amending the BSP Charter

This Policy Brief discusses the proposed amendments to Republic Act No. 7653 (RA 7653). The first part briefly presents the mandate of the Bangko Sentral ng Pilipinas (BSP). It then describes the fi...

by Senate Economic Planning Office SEPO | On 29 Dec 2011

Monetary Neutrality in the Nepalese Economy during 1975-2008

One of the methods of measuring the effectiveness of monetary policies is via inspection of monetary neutrality in the economy. It is a concept from classical economics and it suggests that changes...

by Mukesh Khanal | On 16 Dec 2011

Union Power November 2011

The three year journey of the G-20 Heads of Government Summit from Washington in 2008 to Paris this November is signified by two markers of the depth of the global capitalist crisis. First, that the c...

by Louise Ross | On 14 Dec 2011

Development and Health in Poor Countries: Role of Interntional Organizations and Switzerland

The study tries to better understand three fields which seems to be essential with respect to the problem of a facilitated access to medicines : 1. the ambiguous position of intellectual property...

by Bastein Briand | On 17 Nov 2011

The Impossible Trinity and Capital Flows in East Asia

The Impossible Trinity doctrine still holds a powerful sway over policymakers, advisors (particularly the International Monetary Fund [IMF]) and academia. In East Asia over the past decade, however,...

by Stephen Grenville | On 15 Nov 2011

"Ramanujan's Essay Depicts Multiplicity of Views Through Many Ramayanas."

The deletion of Three Hundred Ramayanas from B.A. History course of Delhi University. Professor Biswamoy Pati of History Department of D.U. calls this intolerance a dangerous trend. Video interview o...

by Jyotsna Singh | On 02 Nov 2011

Unilateral Carbon Border Measures: Key Legal Issues

Parties to the United Nations Framework Convention on Climate Change (UNFCCC) have been engaged in discussions on the future of the climate change regime. While the principle of “common but differenti...

by Anuradha R. V. | On 01 Nov 2011

Emigration of Women Domestic Workers from Kerala: Gender, State Policy and the Politics of Movement

Restrictions imposed by the Government of India on the emigration of women in ‘unskilled’ categories such as domestic work are framed as measures intended to protect women from exploitation. Specia...

by Praveena Kodoth | On 24 Oct 2011

Recent Global Crisis and the Demand for Gold by Central Banks: An Analytical Perspective

When India purchased 200 tonnes of gold under the International Monetary Fund's limited gold sales programme, it was interpreted inter alia that it may further inflate the gold price when the price...

by Karunagaran A | On 17 Oct 2011

Understanding Inflation and Controlling It

Inflation management is one of the hardest tasks an economic policymaker has to undertake. It appears, at first sight, that one can rely entirely on commonsense to carry out this task. But that will b...

by Kaushik Basu | On 28 Sep 2011

Trans-border Identities: (A Study on the Impact of Bangladeshi and Nepali Migration to India)

This paper deals with migration into India from adjoining neighbours and its impact on security and other issues of national interest. Unlike other studies on migration, it focuses on the ethnic ident...

by Subhakanta Behera | On 26 Aug 2011

In the Shadow: Illegal Markets and Economic Sociology

Illegal markets differ from legal markets in many respects. Although illegal markets have economic significance and are of theoretical importance, they have been largely ignored by economic sociology....

by Jens Beckert | On 05 Aug 2011

World Trade Report 2011- The WTO and Preferential Trade Agreements: From Co-existence to Coherence

The ever-growing number of preferential trade agreements (PTAs) is a prominent feature of international trade. The World Trade Report 2011 describes the historical development of PTAs and the current...

by World Trade Organisation WTO | On 22 Jul 2011

Mutual Funds and Market Development in India

A brief description of the role of Mutual Funds in money markets and government securities makets are provided. Some of the regulatory issues that arise are discussed. The role of Mutual Funds in fina...

by Subir Gokarn | On 08 Jul 2011

The Effect of Exchange Rate Changes on Trade in East Asia

This paper considers how exchange rates affect East Asian trade. The evidence indicates that exports produced within regional production networks depend on exchange rates throughout the region while l...

by Willem Thorbecke | On 01 Jul 2011

On Graham’s Theory of Multicountry Multicommodity Trade

Mathematical formulations of Frank D. Graham’s theory of multicountry multicommodity trade have not provided numerical methods for finding the world trade equilibrium. Graham was in possession of su...

by Rajas Parchure | On 27 Jun 2011

Poverty, International Migration and Asylum

This WIDER Policy Brief examins issues such as liberalizing migration policies; protecting refugees in regions of origin; addressing the root causes of migration and refugee flows; influencing percept...

by Christina Boswell | On 14 Jun 2011

Frontier Issues on the Global Agenda- Emerging Economy Perspective

The article is a report of RBI Minister Duvvuri Subbarao on issuesing concerning the G-20 countries and also issues effecting all the countries collectively.

by Duvvuri Subbarao | On 13 Jun 2011

Hong Kong’s Linked Exchange Rate System

Hong Kong has had a linked exchange rate regime of one kind or another for most of its history as a trading and financial centre. In 1863 the Hong Kong Government declared the silver dollar – then a...

by Hong Kong Monetary Authority | On 27 May 2011

Book Review: An Unconventional Autobiography

Civil Disobedience: Two Freedom Struggles, One Life By L C Jain; The Book Review Literary Trust, New Delhi; 2010, Pp.266.

by N.S. Siddharthan | On 14 May 2011

Who Cares about the Chinese Yuan?

The rise of China in the world economy and in international trade has raised the possibility of a rise of the Yuan as an international currency, particularly after the Chinese authorities have under...

by Vimal Balasubramaniam | On 05 May 2011

Enhancing Intra-SAARC Trade: Pruning India’s Sensitive List under SAFTA

The study suggests an approach to reduce India’s sensitive list under SAFTA. The concept of Revealed Comparative Advantage has been used to pair the RCAs for products on India’s sensitive list with th...

by Nisha Taneja | On 29 Apr 2011

Did the Indian Capital Controls Work as a Tool of Macroeconomic Policy?

In 2010 and 2011, there has been a fresh wave of interest in cap- ital controls. India is one of the few large countries with a complex system of capital controls, and hence others an opportunity to...

by Ila Patnaik | On 21 Apr 2011

Liquidity Considerations in Estimating Implied Volatility

Some option series in the market are far less liquid than others. Market illiquidity can reduce the informativeness of option prices. In this paper, an alternative schemes are proposed to estimate im...

by Rohini Grover | On 09 Apr 2011

Presentation - Managing Foreign Exchange Reserves During and After the Crisis

This presentation was given at the Managing Foreign Exchange Reserves in the Crisis and After Seminar by Robert N. McCauley, which was held in Tokyo, Japan on 15 March 2011. URL: [http://www.adbi.org/...

by Robert N. McCauley | On 06 Apr 2011

Enhancing Development through Policy Coherence

Policy coherence implies that donors in pursuing domestic policy objectives should avoid adversely affecting the development prospects of poor countries. To achieve policy coherence donors and multila...

by Amelia U. Santos Paulino | On 14 Mar 2011

Central Bank Lessons from the Global Crisis

Nine preliminary lessons from the Great Recession for monetary and financial policies are presented. [3rd P. R. Brahmananda Memorial Lecture].

by Stanley Fischer | On 18 Feb 2011

Indo-U.S. FTA: Prospects for Audiovisual Services

Many WTO (World Trade Organization) member countries, including India, are defensive about opening up of the audiovisual sector in the Doha Round due to reasons of cultural sensitivity. On the other...

by Arpita Mukherjee | On 17 Feb 2011

Indian Economy: Selected Methodological Advances

This paper develops tools to examine selected major issues in the Indian economy. The study computes the potential growth rate of the economy and the agricultural sector, extends the analysis of fisca...

by Mathew Joseph | On 11 Feb 2011

Agreement on Subsidies and Countervailing Measures: Need for Clarification and Improvement

This study is aimed at assessing the Agreement on Subsidies and Countervailing Measures (ASCM) from the perspective of the developing countries such as India and identifying the improvements and clari...

by Anwarul Hoda | On 08 Feb 2011

Singapore's Exchange Rate-Based Monetary Policy: A Critical Evaluation

The exchange rate-based monetary policy followed by the Monetary Authority of Singapore (MAS) is outlined. Possible theoretical frameworks, including a reaction function is outlined. The way the MAS h...

by Partha Sen | On 31 Jan 2011

Income-based Measures of Average Well-being

International comparisons of average national incomes omit important information about leisure, home production, health, etc. They are also bedevilled by index number problems. This paper suggests...

by Steve Dowrick | On 17 Jan 2011

Evolution of India’s Exchange Rate Regime

The paper analyzes the changing INR trends over the reform period, in the context of fundamental determinants of exchange rates. [WP-2010-024].

by Ashima Goyal | On 13 Jan 2011

What Accounts for China’sTrade Balance Dynamics?

This paper proposes a structural VAR model which extends the frameworks of Hoffmaister and Roldós (2001) and Prasad (1999). The model is then used to analyse the sources of China’s trade balance flu...

by Yin Zhang | On 07 Jan 2011

Credibility and Reputationin Peacemaking

The paper analyses credibility and reputation in the context of peace negotiations. Where war provides economic gains to one side, peace is not incentive compatible, and peace agreements will necess...

by Tony Addison | On 08 Dec 2010

Free Trade Agreement between People’s Republic of China and India: Likely Impact and Its Implications to Asian Economic Community

Open regionalism and trade cooperation between the world’s two largest developing countries, the People’s Republic of China (PRC) and India, can foster outward-oriented development and intra-regio...

by Swapan K. Bhattacharya | On 06 Dec 2010

The Yuan’s Exchange Rates and Pass-through Effects on the Prices of Japanese and US Imports

This paper estimated the pass-through effects of yuan’s exchange rates on prices of the US and Japanese imports from the People’s Republic of China (PRC). Empirical results show that, a 1% nominal app...

by Yuqing Xing | On 04 Nov 2010

Macroeconomic Impacts of Foreign Exchange Reserve Accumulation: Theory and International Evidence

Recently, a dramatic accumulation in foreign exchange reserves has been widely observed in developing countries. This paper explores the possible long-run impacts of this trend on macroeconomic variab...

by Shin-ichi Fukuda | On 01 Nov 2010

Liberalization of Capital Inflows and the Real Exchange Rate in India: A VAR Analysis

The East Asian crisis of 1997-98 and the Mexican crisis of 1994 generated much concern among policy analysts regarding the role of macroeconomic policies in the management of capital inflows. A seri...

by Indrani Chakraborty | On 14 Oct 2010

Measurement of Inflation in India: Issues and Associated Challenges for the Conduct of Monetary Policy

In India, there is a large divergence between CPI and WPI inflation trends in the past, wide dispersion in inflation across commodity groups within WPI, and significant volatility in headline WPI in...

by Nadhanael G V | On 08 Sep 2010

Inspector Raj for Garment Export Business

The export of textiles from India accounts for about one-third of India’s total exports. What is more significant is that textiles as a group, is also the largest net foreign exchange earner in as...

by Avih Rastogi | On 01 Sep 2010

The Potato’s Contribution to Population and Urbanization: Evidence from an Historical Experiment

In this paper regional variation in suitability for cultivating potatoes, together with time variation arising from their introduction to the Old World from the Americas is being exploited, to estim...

by Nathan Nunn | On 26 Aug 2010

Earth Tube Heat Exchangers for Environmental Control of Farm Buildings in Semi-arid Northwest India

This paper presents the experience of using systems such as Earth Tube Heat Exchangers for environmental control in dwellings of zoo animals, and greenhouse in arid area of Kutch. Mention has also bee...

by Girja Sharan | On 04 Aug 2010

Environmental Control in Greenhouse and Animal Houses with Earth-Tube-Heat-Exchangers in Hot Semi-arid North-West India

This paper explores the process of Environmental Control in Greenhouse and Animal Houses with Earth-Tube-Heat-Exchangers in hot semi-arid north-west India. [Working Paper No. 2009-11-04]

by Girja Sharan | On 20 Jul 2010

How Would an Appreciation of the Yuan Affect the People's Republic of China's Surplus in Processing Trade?

Enormous trade surpluses are problematic for the People’s Republic of China (PRC) and the rest of the world. They primarily stem from processing trade. This paper investigates how exchange rate ch...

by Willem Thorbecke | On 30 Jun 2010

The Exchange Rate Regime in Asia: From Crisis to Crisis

Prior to the Asian financial crisis, most Asian exchange rates were de facto pegged to the US Dollar. In the crisis, many economies experienced a brief period of extreme flexibility. A `fear of float...

by Ila Patnaik | On 18 Jun 2010

Street Vendors: Exploitation by the State

Street vendors are those millions of people who come to cities as economic refugees hoping to provide basic necessities for their families.They are the main distribution channels for a large variety...

by Shailly Arora | On 15 Jun 2010

Exchange Rate Regimes and Macroeconomic Performance in South Asia

Stylized facts for South Asia show the dominance of supply shocks, amplified by macroeconomic policies and procyclical current accounts. Interest and exchange rate volatility rose initially on libera...

by Ashima Goyal | On 09 Jun 2010

Commonwealth Games 2010: Displacement of Persons

This research paper analyses Government policy with regard to Jhuggi-Jhopri clusters- a particular type of housing present in Delhi. These colonies are perceived to be illegal by the Government. Wit...

by Eshaan Puri | On 13 Apr 2010

Implementation of Monetary Policy in India

How does the Reserve Bank of India implement monetary policy? The objectives and framework of monetary policy, as they have evolved, the operational aspects of monetary policy have been discussed. Th...

by Deepak Mohanty | On 08 Apr 2010

'Bed and Board' in Lieu of Salary: Women and Girl Children Domestics in Post Partition Calcutta (1951-1981)

The present study attempts to see how a particular labour market, that is, domestic service, a traditionally male domain, became segregated both by gender and age in post partition West Bengal (WB) a...

by Deepita Chakravarty | On 25 Mar 2010

The EU India FTA in Agriculture and Likely Impact on Indian Women

This study attempts to provide an analysis of the gender concerns of the proposed EU India FTA in the field of agriculture and suggest policy changes both in the FTA text as well as in domestic poli...

by Roopam Singh | On 04 Mar 2010

The Current Trade Paradigm and Women's Health Concerns in India: With Special Reference to the Proposed EU-India Free Trade Agreement

India is currently negotiating a Free Trade Agreement with the European Union, which includes not only liberalization of commodity trading, but also a wide range of chapters including deep services ...

by Ranja Sengupta | On 17 Feb 2010

Asia Confronts the Impossible Trinity

Capital account openness and exchange rate flexibility in 11 Asian countries are examined. Asia has made slow progress on de jure capital account openness, but has made much more progress on de facto...

by Ila Patnaik | On 04 Feb 2010

Exchange Market Pressure and Monetary Policy

The objective of this study is to examine empirically the impact of monetary policy on exchange market pressure (EMP) in Bangladesh. EMP is measured as the sum of percentage change of international re...

by Sayera Younus | On 29 Jan 2010

Where Are India’s International Reserves Invested?

Most standard indicators suggest that India’s reserve stock is more than adequate. The rapid stockpiling of foreign exchange reserves implies that the RBI has been leaning-against-the-wind to keep dow...

by Ramkishen S. Rajan | On 25 Jan 2010

Climate Change and India-Some Major Issues and Policy Implications

The paper examines the genesis of Climate Change which has been referred to as the defining human development issue of our generation. Also studied is the impact of this problem in the global as well...

by H A C Prasad | On 01 Dec 2009

The Difficulties of the Chinese and Indian Exchange Rate Regimes

China and India have both attempted distorting the exchange rate in order to foster exports-led growth. This is described as the Bretton Woods II framework, where developing countries buy bonds in the...

by Ila Patnaik | On 30 Nov 2009

Green Technologies Related to Refrigeration and Air Conditioning

This paper presents some such case studies for co-and tri-generating various cold and hot utilities using innovative designs of Matrix and Tube-Tube Heat Exchangers and Multi-Utility Heat Pumps develo...

by Rane M V | On 27 Oct 2009

How Sapient is Homo Economicus? The Evolutionary Origins of Trade, Ethics and Economic Rationality

The paper argues that economism and, in particular, the individual drive to maximize utility and amass profit are not enough to ensure the efficient functioning of an economy; and that even for elemen...

by Kaushik Basu | On 09 Oct 2009

Kerala Fights Clock in ASEAN Free-Trade Deal

The paper discusses the impacts of free-trade policy on the agricultural exports of Kerala.

by Ranjit Devraj | On 08 Oct 2009

Monetary Policy, Forex Markets and Feedback Under Uncertainity in an Opening Economy

Options for monetary policy arising from interactions between it and Indian foreign exchange (FX) markets. A brief survey covers recent rapid changes providing a snapshot of current microstructure, ...

by Ashima Goyal | On 14 Sep 2009

What Is the Impact of the Global Financial Crisis on the Banking System in East Asia?

This paper assesses the condition and outlook of the financial sectors—in particular, the banking sector—in the East Asia region in the aftermath of the current global financial crisis. The risks in t...

by Michael Pomerleano | On 07 Sep 2009

Developing The Indian Debt Capital Markets: Small Investor Perspectives

This paper argues that with the recent economic reforms, an efficient and active debt market, particularly in long-term private debt instruments, is essential for the country to realize the full bene...

by Pronab Sen | On 13 Aug 2009

A Model of Market Clearing Exchange Rates

This paper formulates a model of exchange rate determination that describes the market processes by which the foreign exchange markets are cleared and international receipts of countries are brought...

by Rajas Parchure | On 06 Aug 2009

Financialization of Capital - Deterioration of Working Conditions

This paper addresses the issue of establishing a regulatory regime along the production, supply and value chains of multinational corporations in terms of setting labor standards and protecting worker...

by Fichter Michael | On 08 Jul 2009

Preliminary Note on Financial Crisis and Trade and Investment Treaties

North-South free trade agreements (FTAs), bilateral investment treaties (BITs) and World Trade Organization (WTO) commitments often contain a number of provisions that can increase the likelihood of a...

by Third World Network | On 28 Jun 2009

Financial Development and Velocity of Money in Bangladesh: A Vector Auto- Regression Analysis

The study uses co-integration and vector auto-regression (VAR) techniques to identify the determinants of income velocity of money (VM) in Bangladesh, covering both narrow and broad money. The study o...

by Md. Akhtaruzzaman | On 15 Jun 2009

Employment Promoting Growth in Bangladesh: Monetary and Financial Sector Issues

Although economic growth has improved in recent years in Bangladesh, the better economic performance has not translated into satisfactory poverty reduction. The type of growth that matters Bangladesh...

by Mustafa. K. Mujeri | On 15 Jun 2009

Financing Long Term Investments in Bangladesh: Capital Market Development Issues

There has been an increase in the demand for infrastructure services and opening up of the infrastructure sector for private investment. As a result, a large number of financial intermediaries and pri...

by Mustafa. K. Mujeri | On 15 Jun 2009

Foreign Exchange Liberalization: Perceptions, Realities and Way Forward

The article focuses on understanding of the economics of the exchange control liberalisation in macroeconomic perspectives and, therefore, the article does not attempt to interpret or explore the lega...

by P Samarasiri | On 12 Jun 2009

Does the Currency Regime Shape Unhedged Currency Exposure?

This paper examines how unhedged currency exposure of firms varies with changes in currency exibility. A sequence of four time-periods with alternating high and low currency volatility in India prov...

by Ila Patnaik | On 11 Jun 2009

Ensuring the Conformity of Domestic Law with World Trade Organisation Law India as a case study

The 1994 Marrakesh Agreement establishing the World Trade Organization (the WTO Agreement), requires each WTO member to “ensure the conformity of its laws, regulations and administrative procedures wi...

by Chaisse Julien | On 04 Jun 2009

Risk Management Lessons from the Global Financial Crisis

During the global financial turmoil of 2007 and 2008, no major derivative clearing house in the world encountered distress while many banks were pushed to the brink and beyond. An important reason for...

by Jayanth R Varma | On 26 May 2009

Regional Monetary Units for East Asia: Lessons from Europe

This paper reports the European experience with a basket currency, the ECU. The ECU was initially introduced as a reference unit and later became the anchor of the European Monetary System. Public pol...

by Girardin Eric | On 22 May 2009

The Asian “Noodle Bowl”:Is It Serious for Business?

A lively debate is taking place over the impact of free trade agreements (FTAs) on East Asia's business between those who view the agreements as a harmful Asian "noodle bowl"—i.e., overlapping regiona...

by Masahiro Kawai | On 13 May 2009

Some Reflections on the Recent Global Financial Turmoil – an Indian Perspective

The speech tries to underline some lessones that be drawn from the financial crisis relevant to regulation, financial markets and the market infrastructure and to reflect on these. [Annual Conference...

by Shyamala Gopinath | On 15 Jan 2009

India’s Macroeconomic Performance and Policies Since 2000

The paper reviews India’s macroeconomic performance and policies since 2000. The first section briefly summarizes key macroeconomic developments regarding economic growth, inflation, external balance...

by Shankar Acharya | On 29 Oct 2008

Who Wins If We Get a Free Trade With US?

The paper discuses the effects free trade with United States of America will have on New Zealand, and its economy.

by Bill Rosenberg | On 29 Sep 2008

Free Trade Agreement : A Campaign of Deception

The paper analyzes the impact of Colombia,s free trade with USA on the economies of US and Colombia. It also discuses the relationship between USA and Colombia.

by Nicole Lee | On 25 Sep 2008

Offending, Shocking, Disturbing - A Free Press Right? The Annual Press Freedom Round Table Proceedings

There is a tremendous amount of media freedom problems in the world, and there is also a certain time travel backwards in many parts of the world. It is not only true in the new democracies, where we...

by World Association of Newspapers WAN | On 19 Aug 2008

No Gross National Happiness for Bhutanese Refugees

One sixth of the population of Bhutan is displaced in Nepal and India. The prolonged exile of Bhutanese refugees living in Nepal and India is a major human rights deficit in the South Asian region, a...

by South Asians for Human Rights SAHR | On 12 Aug 2008

Report on SAHR Fact Finding Mission to the North and East of Sri Lanka to Assess the State of Displaced Persons

This report on the state of displaced persons in the North and East of Sri Lanka analyses the security condition and concerns of those who live in makeshifts and camps in conflict affected areas. It p...

by South Asians for Human Rights SAHR | On 11 Apr 2008

Competitiveness of India's Manufacturing Sector: An Assessment of Related Issues

An analysis of the various parameters of manufacturing competitiveness of the Indian economy is provided. The paper notes that India is one of the leading producers and exporters of a number of commod...

by Lakshmanan L | On 19 Feb 2008

Environmentally Sound Technologies for Sustainable Development of China and India

The paper compares policy responses of China and India to the global requirements of trade and environment regimes as well as the domestic compulsions are compared.

by Sankar U | On 11 Feb 2008

The Fundamental Equilibrium Real ExchangeRate in India : An Approach to Estimation and Measurement of Misalignment

An estimation of the real equilibrium exchange rate for India for the period in the latter half of the 1990s using fundamental economic variables by decomposing a structural VAR vested with appropriat...

by Himanshu Joshi | On 18 Jan 2008

Determinants of Choosing an Airline by a Traveller -An Analysis from New Zealand Perspective

The important determinants that have influence on travellers to choosing a particular airline are analysed. Data from primary and secondary sources have been used for this paper. A field survey was co...

by Ershad Ali | On 12 Dec 2007

The Growing Importance of Emerging Economies in the Globalised World and its Implications for the International Financial Architecture

The growing importance of India and other emerging economies in the globalized world are given in this lecture. This group of economies is not easy to define. However, some reflections on the implicat...

by Jean-Claude Trichet | On 30 Nov 2007

Monetary Conditions Index for India

The authors attempt to construct a monetary conditions index (MCI) for India in order to take both interest rate and exchange rate channels simultaneously into consideration while evaluating the stanc...

by Kannan R | On 08 Nov 2007

Non Deliverable Foreign Exchange Forward Market: An Overview

Recognising the growing activity in the non deliverable forward (NDF) market in the recent years, the paper attempts to present a detailed analysis of the NDF market with special focus on Indian rupee...

by Sangita Misra | On 22 Oct 2007

A Hostage in Office

What is the position of the Prime Minister among his Cabinet colleagues after signing the nuclear deal with the US?

by T.N. Ninan | On 15 Oct 2007

Elements of Effective Central Banking: Theory, Practice, and History

The key elements of effective central banking that account for much of the improvement in monetary policy around the world today are outlined and explained. The past quarter of the century has been a...

by Marvin Goodfriend | On 09 Oct 2007

Models of Equilibrium Real Exchange Rates Revisited: A Selective Review of the Literature

One of the more important concepts in open macroeconomics is the “equilibrium real exchange rate” (ERER). Real exchange rate misalignments are argued to have been the cause of loss of competitivene...

by Reza Y. Siregar | On 20 Sep 2007

Report of the Inter-ministerial Task Force on Convergence of Securities and Commodity Derivative Market

With the abolition of prohibition on forward trade in all the commodities at the beginning of 2003, the commodity derivativesmarket has been totally liberalized. The Ramamoorthy Committee set up by SE...

by Ministry for Consumer Affairs,Food and Public Dist MCAFP | On 26 Aug 2007

Tal Makeshift Camp: No One Should Have to Live Like This

There seems to be no place for the stateless Rohingya people fleeing discrimination and persecution in their own country, Myanmar. They run away from a country that does not recognize them as citizens...

by Médecins Sans Frontières MSF | On 11 Aug 2007

Towards a Corporate Response to Climate Change

The recently concluded conclave of Indian corporate leaders in Palampur to discuss the scary situation of climate change in the world left the delegates more bewildered than clear on the strategies to...

by Manu N. Kulkarni | On 10 Aug 2007

Foreign Exchange Reserves

The report is a compilation of quantitative information with regard to external reserves, such as, level of foreign exchange reserves, sources of accretion to foreign exchange reserves, external liabi...

by Reserve Bank of India | On 26 Jul 2007

The Rise in Remittances to India: A Closer Look

India has clearly achieved a large sustained level of remittances. Policy initiatives by the government and banking institutions have achieved two significant results. First, most remittances flow tho...

by Muzaffar Chisti | On 11 Jul 2007

The Indian Currency Regime and its Consequences

Since 1993, India’s currency regime is said to be a managed float, a “market determined exchange rate” in the sense that there is a currency market and the exchange rate is not visibly administrativel...

by Ila Patnaik | On 10 Jul 2007

WTO Agreements and Indian Agriculture: Retrospection and Prospects

By the end of 1999 World Trade Organization (WTO) will complete its five years of existence. At that time, re-negotiation on Agreement on Agriculture (AOA) will also begin. It is time to take a retros...

by Satish Y Deodhar | On 14 Mar 2007

Cropping in Arid Area Greenhouse

In hot, arid regions, yields are low and unstable, growing season limited to one. Greenhouses can stabilize and improve yields and extend seasons. But their adoption is impeded by the requirement of l...

by Sharan G | On 08 Mar 2007

Outlays Only, Not Outcomes?

The Budget does not sufficiently recognize the need for re-balancing the role of the state and the market, and of the public and the private sectors for managing increasingly complex economic and stra...

by Mukul Asher | On 07 Mar 2007

Identifying models of Best Practices in the Provision of Technical Assistance to Facilitate the Implementation of TRIPS Agreement

The report intends to provide general and specific recommendations to both provider and recipient nations that they should take into consideration while undertaking any TA programme in a recipient nat...

by Rajesh Sagar | On 25 Feb 2007

Medico Friend Circle Bulletin, 318-319, August-November 2006

Contents: Data Exclusivity: Another Self-Goal and a Trade Barrier S.Srinivasan. Medico Friend Circle Letter to PM on DE. DE in International Trade Agreements. IDMA on DP and DE. Safeguards if...

by Medico Friend Circle | On 01 Feb 2007

What Drives Forward Premia in Indian Forex Market?

This paper explores the behaviour of the forward premia for US$ vis-à-vis INR during the five-year period of September 2000 to September 2005. Indian forex market experienced a peculiar phenomenon i...

by Anil Kumar Sharma | On 10 Jan 2007

Medico Friend Circle Bulletin, August-November 2006, 318-319

Data Exclusivity: Another Self-Goal and a Trade Barrier S.Srinivasan Medico Friend Circle Letter to PM on DE DE in International Trade Agreements IDMA on DP and DE Safeguards if Decision by Go...

by Medico Friend Circle | On 03 Nov 2006

Overview of Bilateral Free Trade and Investment Agreements

A comprehensive inventory of bilateral FTAs on a global scale, with sections on Africa and the Middle East, Asia and the Pacific, and Latin America and the Caribbean. It highlights the key points of e...

by Bilaterals.org | On 03 Nov 2006

Parens Patriae: Exercising Patriarchal Prerogative in Post-Partition India

This paper analyses the implications of this Abducted Persons (Recovery and Restoration) Act of 1949 not with the intention of discussing its legal merits, but rather, to indicate that in the exercise...

by Ritu Menon | On 29 Aug 2006

Trade Liberalisation and Digital Divide: an Analysis of the Information Technology Agreement of WTO

This article reflects on the effectiveness of trade liberalization, as envisaged in the Information Technology Agreement (ITA) of the WTO, for promoting ICT use and production in developing countrie...

by K.J. Joseph | On 29 Jul 2006

Why is Exchange Rate Pass-through So Low?

Policy makers are particularly concerned about the extent and speed of exchange rate pass-through into domestic prices. However, in recent times there seems to be a growing degree of disconnect betw...

by Amit Ghosh | On 14 Mar 2006

The Extent of Exchange Rate Flexibility in India: Basket Pegger or Closet US Dollar Pegger?

This paper examines the degree of de facto exchange rate flexibility for India over the last two decades. While there is a diversity of methods that measure de facto exchange rate regimes, none indivi...

by Tony Cavoli | On 08 Mar 2006

Economic Survey 2005-06, Chapter 6

External Sector

by Ministry of Finance | On 27 Feb 2006

Economic Survey 2005-06, Chapter 4

Securities Markets

by Ministry of Finance | On 27 Feb 2006

Macroeconomic and Monetary Developments: Third Quarter Review, 2005-06

The robust performance of the Indian economy continued during the second quarter (July-September) of 2005-06. According to the Central Statistical Organisation (CSO), the economy recorded a real GDP...

by Reserve Bank of India | On 02 Feb 2006

The Social Cost of Foreign Exchange Reserves

There has been a very rapid rise since the early 1990s in foreign reserves held by developing countries. These reserves have climbed to almost 30 percent of developing countries' GDP and 8 months of i...

by Dani Rodrik | On 27 Jan 2006

Real Sector Shocks and Monetary Policy Responses in a in a financially vulnerable Emerging Economy

When analyzing the appropriate response for monetary policy during a currency crisis it is important to keep in mind two distinct channels: (a) the impact of raising interest rates on exchange rates...

by Ramkishen S. Rajan | On 27 Jan 2006

Macroeconomic and Monetary Developments: Third Quarter Review 2005-06

Contents I. The Real Economy -- 1 Agricultural Situation Industrial Performance Business Expectations Surveys Services Sector II. Fiscal Situation 14 Combined Government Fi...

by Reserve Bank of India | On 25 Jan 2006

Inflation Targeting Arrangements in Asia: Exploring the rate of the Exchange rate

Since the Asian crisis it has been recognized that exchange rate and monetary policy strategies must involve a “fairly high” element of flexibility rather than a single-minded defense of a particular...

by Ramkishen S. Rajan | On 19 Jan 2006

The Economic Impact of EPAs in SADC Countries

The Cotonou Agreement introduces new fundamental principles with respect to trade between the European Union and African, Caribbean and Pacific countries relative to the Lomé Convention: in particula...

by Alexander Keck | On 19 Dec 2005

Controlled Capital Account Liberalisation: A Proposal

This paper outlines a proposal for a controlled approach to capital account liberalization for economies experiencing large capital inflows. The proposal essentially involves securitizing a portion o...

by Eswar S. Prasad | On 09 Dec 2005

Pharmaceuticals, WTO/TRIPs and Women

This paper looks at the effects of WTO/TRIPS and pharmaceuticals on women. The focus is on the poor and women. The first part of the paper tries to show the linkages between the idea of intellectual p...

by S Srinivasan | On 27 Nov 2005

Dictatorship, Democracy and Institutions: Macropolicy in China and India

We explore the hypothesis that macroeconomic polices are influenced by political structure, through a systematic comparison of reform period macroeconomic policy choices and outcomes, in China and Ind...

by Ashima Goyal | On 23 Nov 2005

East Asian Integration: Opportunities for Fukuoka and Japan

In order to advance regional integration in East Asia, there needs to be a rapid expansion of FTAs. The obstacles in promotion of FTAs need to be resolved. Some of the features in realising FTAs are:...

by Shujiro Urata | On 22 Nov 2005

Singapore's Role in Building of an East Asian Community

An East Asian community(EAC) is an idea now being seriously pursued in spite of significant challenges. Proliferating bilateral deals in Asia could emerge as building blocks towards the EAC, provided...

by Rahul Sen | On 22 Nov 2005

Asian Reserves and the Dollar: Is Gradual Adjustment Possible?

Large dollar reserves in Asian EMEs accompany large U.S. fiscal and current account deficits. Analysis of strategic sales by Asian EMEs suggests that an attack on the dollar is not certain but is poss...

by Ashima Goyal | On 21 Nov 2005

Agreement On South Asian Free Trade Area (SAFTA)

Motivated by the commitment to strengthen intra-SAARC economic cooperation to maximise the realization of the region's potential for trade and development for the benefit of their people, in a spirit...

by Anonymous | On 13 Aug 2005

Trade Liberalization And Pollution Havens

U.S. Presidential Executive Order 13141 commits the United States to a "careful assessment and consideration of the environmental impacts of trade agreements." The most direct mechanism through which...

by Josh Ederington | On 06 Aug 2005