Abstract: Research Models as a part of Research Methodology course are taught in major post gradu... more Abstract: Research Models as a part of Research Methodology course are taught in major post graduate degree programmes and employed in research by both of social scientists and management experts. An emerging economy India with fast economic growth is ...
A major part of this paper is literature review. The paper compiles in a nutshell all studies on ... more A major part of this paper is literature review. The paper compiles in a nutshell all studies on definitions and measures of Money supply in India in a chronological yet logically consistent manner In doing so, alternative measures of money supply have been compared in this ...
1. INTRODUCTION Gross domestic product or GDP, tells us the country's current aggregate prod... more 1. INTRODUCTION Gross domestic product or GDP, tells us the country's current aggregate production of goods and services. It is often considered the best measure of how well the economy is performing. GDP summarizes the aggregate of all economic activities in a given period of ...
The departure from administered interest rate regime to the market determined interest rate regim... more The departure from administered interest rate regime to the market determined interest rate regime in 1997 to resurrect the defunct Indian bond market resulted from the attempt to build up domestic bond markets in Asian countries by the joint collaboration of Asia Pacific Economic Co-operation, the International Monetary Fund and the World Bank, and participation therein of the Asian Development Bank Institute. Since then the profit oriented market participants started focusing on yield of the securities available for investment, the Government of India being the major issuer. On the way of India’s progress towards development of a vibrant bond market one of the hindrances is the issue of the methodology of yield curve construction in so far as a constructed yield curve is used in measuring basis risk and yield curve risk in the context of asset liability management and credit default risk in the case of corporate bond. At this juncture there is a need to examine the applicability o...
The crisis of 2007-08 posed new challenges for the cooperative banks.
On one hand, it has highlig... more The crisis of 2007-08 posed new challenges for the cooperative banks. On one hand, it has highlighted the importance of liquidity and funding risk for banking activity. The stakeholder-based cooperative banks are faced with the problem of how to improve their access to wholesale funding. On the other hand, the deficiencies in their corporate governance are exposed. In arguing that the indicators of performance of the management gives the signal of movement of a cooperative bank towards or away from the position that may attract delicensing or liquidation, this paper analyses and compares a number of urban cooperative banks, based on which a decision may be taken regarding which bank is how distant from failure.
This paper narrates great debate revolving the issue of balance sheet analysis vis-à-vis multipli... more This paper narrates great debate revolving the issue of balance sheet analysis vis-à-vis multiplier theory during the 1970s in India between official economists and others led by S B Gupta.
The final version of this paper is published as chapter 3: pages 39-56, in 'Monetary History of India: Forecasting Perspective of Central Banks and Economists', authored by Rituparna Das, publisher: Verlag Dr. Müller, Saarbrücken., ISBN: 13:978-3639269475
This paper contains review and analysis of the research works on money supply in India till 2005 ... more This paper contains review and analysis of the research works on money supply in India till 2005 in light of western monetary economics literature. As per the researchers on monetary economics, a detailed account of the changing role of money from Walrasian and Non-Walrasian settings to the more recent theories on the dynamics of the relationships between money, inflation and growth with reference to their historical evolution are available in Friedman et al. ed. (1998) and such type of theoretical work did not happen in India. There is a tendency among the Indian researchers to apply the theories developed abroad to up to date empirical data in econometrics models and then, with the help of econometric techniques and compare the results. For example Dash and Goal (2001) applied the theory of Foster (1992) and Chona (1976) applied the theory of Ahrensdorf and Thasan (1960). This paper dealt with such applications, their lacunae and attempts to resolve the issues unaddressed till 2005.
The final version of the paper is published as pages 22-38 of Chapter 2 in Monetary History of India: Forecasting Perspective of Central Banks and Economists, Saarbrücken: Verlag Dr. Müller (2010), ISBN-13:978-3639269475, authored by Rituparna Das
This article analyzes the issues, unaddressed in the contemporary econometric literature on forec... more This article analyzes the issues, unaddressed in the contemporary econometric literature on forecasting money supply in India, with the help of the relevant studies. In doing so there is an attempt to ascertain what could be the best fit model to forecast money supply in India.
The final version of the article is published as Chapter 7 in the book 'Monetary History of India: Forecasting Perspective of Central Banks and Economists', Saarbrücken: Verlag Dr. Müller (2010), ISBN-13:978-3639269475, pp 112-117.
The departure from administered interest rate regime to the market determined interest rate regim... more The departure from administered interest rate regime to the market determined interest rate regime in 1997 to resurrect the defunct Indian bond market resulted from the attempt to build up domestic bond markets in Asian countries by the joint collaboration of Asia Pacific Economic Co-operation, the International Monetary Fund and the World Bank, and participation therein of the Asian Development Bank Institute. Since then the profit oriented market participants started focusing on yield of the securities available for investment, the Government of India being the major issuer. On the way of India’s progress towards development of a vibrant bond market one of the hindrances is the issue of the methodology of yield curve construction in so far as a constructed yield curve is used in measuring basis risk and yield curve risk in the context of asset liability management and credit default risk in the case of corporate bond. At this juncture there is a need to examine the applicability of different models of yield curve in the government securities market in India. Hence this chapter is divided into the following sections: (a) An introduction to the models of yield curve and their relevance in India (b) Application of above models in current practices of yield curve estimation in India (c) Mismatch between estimates performed by different agencies, (e) Finding a way out – estimation of yield curve based on real time traded data applying spline method and regression method. (f) Examining efficacy of the alternative yield curve in its relative usefulness in fixed income portfolio management.
Through import of inflation conflicts between economic interests of two or more countries can aff... more Through import of inflation conflicts between economic interests of two or more countries can affect monetary policies of each other in a floating exchange regime. This article investigated whether the currencies of the industrial countries were impacting India's currency such that the Reserve Bank of India needed to intervene in the currency market.
The final version of this draft was published in Scholasticus 3(1), pp 47-69
This artcile gives an overview of Fixed Income Portfolio Management for beginners and non-finance... more This artcile gives an overview of Fixed Income Portfolio Management for beginners and non-finance individuals with special reference to India. Originally a teaching note drafted in summer 2009 is publishd as Chapter 1 in th book 'Handbook of Fixed Income Securities Volume II: Monographs on Term Structure, Saarbrücken: Verlag Dr. Müller (2011), ISBN-13: 978-3639352634', pp 5-21
Abstract: Research Models as a part of Research Methodology course are taught in major post gradu... more Abstract: Research Models as a part of Research Methodology course are taught in major post graduate degree programmes and employed in research by both of social scientists and management experts. An emerging economy India with fast economic growth is ...
A major part of this paper is literature review. The paper compiles in a nutshell all studies on ... more A major part of this paper is literature review. The paper compiles in a nutshell all studies on definitions and measures of Money supply in India in a chronological yet logically consistent manner In doing so, alternative measures of money supply have been compared in this ...
1. INTRODUCTION Gross domestic product or GDP, tells us the country's current aggregate prod... more 1. INTRODUCTION Gross domestic product or GDP, tells us the country's current aggregate production of goods and services. It is often considered the best measure of how well the economy is performing. GDP summarizes the aggregate of all economic activities in a given period of ...
The departure from administered interest rate regime to the market determined interest rate regim... more The departure from administered interest rate regime to the market determined interest rate regime in 1997 to resurrect the defunct Indian bond market resulted from the attempt to build up domestic bond markets in Asian countries by the joint collaboration of Asia Pacific Economic Co-operation, the International Monetary Fund and the World Bank, and participation therein of the Asian Development Bank Institute. Since then the profit oriented market participants started focusing on yield of the securities available for investment, the Government of India being the major issuer. On the way of India’s progress towards development of a vibrant bond market one of the hindrances is the issue of the methodology of yield curve construction in so far as a constructed yield curve is used in measuring basis risk and yield curve risk in the context of asset liability management and credit default risk in the case of corporate bond. At this juncture there is a need to examine the applicability o...
The crisis of 2007-08 posed new challenges for the cooperative banks.
On one hand, it has highlig... more The crisis of 2007-08 posed new challenges for the cooperative banks. On one hand, it has highlighted the importance of liquidity and funding risk for banking activity. The stakeholder-based cooperative banks are faced with the problem of how to improve their access to wholesale funding. On the other hand, the deficiencies in their corporate governance are exposed. In arguing that the indicators of performance of the management gives the signal of movement of a cooperative bank towards or away from the position that may attract delicensing or liquidation, this paper analyses and compares a number of urban cooperative banks, based on which a decision may be taken regarding which bank is how distant from failure.
This paper narrates great debate revolving the issue of balance sheet analysis vis-à-vis multipli... more This paper narrates great debate revolving the issue of balance sheet analysis vis-à-vis multiplier theory during the 1970s in India between official economists and others led by S B Gupta.
The final version of this paper is published as chapter 3: pages 39-56, in 'Monetary History of India: Forecasting Perspective of Central Banks and Economists', authored by Rituparna Das, publisher: Verlag Dr. Müller, Saarbrücken., ISBN: 13:978-3639269475
This paper contains review and analysis of the research works on money supply in India till 2005 ... more This paper contains review and analysis of the research works on money supply in India till 2005 in light of western monetary economics literature. As per the researchers on monetary economics, a detailed account of the changing role of money from Walrasian and Non-Walrasian settings to the more recent theories on the dynamics of the relationships between money, inflation and growth with reference to their historical evolution are available in Friedman et al. ed. (1998) and such type of theoretical work did not happen in India. There is a tendency among the Indian researchers to apply the theories developed abroad to up to date empirical data in econometrics models and then, with the help of econometric techniques and compare the results. For example Dash and Goal (2001) applied the theory of Foster (1992) and Chona (1976) applied the theory of Ahrensdorf and Thasan (1960). This paper dealt with such applications, their lacunae and attempts to resolve the issues unaddressed till 2005.
The final version of the paper is published as pages 22-38 of Chapter 2 in Monetary History of India: Forecasting Perspective of Central Banks and Economists, Saarbrücken: Verlag Dr. Müller (2010), ISBN-13:978-3639269475, authored by Rituparna Das
This article analyzes the issues, unaddressed in the contemporary econometric literature on forec... more This article analyzes the issues, unaddressed in the contemporary econometric literature on forecasting money supply in India, with the help of the relevant studies. In doing so there is an attempt to ascertain what could be the best fit model to forecast money supply in India.
The final version of the article is published as Chapter 7 in the book 'Monetary History of India: Forecasting Perspective of Central Banks and Economists', Saarbrücken: Verlag Dr. Müller (2010), ISBN-13:978-3639269475, pp 112-117.
The departure from administered interest rate regime to the market determined interest rate regim... more The departure from administered interest rate regime to the market determined interest rate regime in 1997 to resurrect the defunct Indian bond market resulted from the attempt to build up domestic bond markets in Asian countries by the joint collaboration of Asia Pacific Economic Co-operation, the International Monetary Fund and the World Bank, and participation therein of the Asian Development Bank Institute. Since then the profit oriented market participants started focusing on yield of the securities available for investment, the Government of India being the major issuer. On the way of India’s progress towards development of a vibrant bond market one of the hindrances is the issue of the methodology of yield curve construction in so far as a constructed yield curve is used in measuring basis risk and yield curve risk in the context of asset liability management and credit default risk in the case of corporate bond. At this juncture there is a need to examine the applicability of different models of yield curve in the government securities market in India. Hence this chapter is divided into the following sections: (a) An introduction to the models of yield curve and their relevance in India (b) Application of above models in current practices of yield curve estimation in India (c) Mismatch between estimates performed by different agencies, (e) Finding a way out – estimation of yield curve based on real time traded data applying spline method and regression method. (f) Examining efficacy of the alternative yield curve in its relative usefulness in fixed income portfolio management.
Through import of inflation conflicts between economic interests of two or more countries can aff... more Through import of inflation conflicts between economic interests of two or more countries can affect monetary policies of each other in a floating exchange regime. This article investigated whether the currencies of the industrial countries were impacting India's currency such that the Reserve Bank of India needed to intervene in the currency market.
The final version of this draft was published in Scholasticus 3(1), pp 47-69
This artcile gives an overview of Fixed Income Portfolio Management for beginners and non-finance... more This artcile gives an overview of Fixed Income Portfolio Management for beginners and non-finance individuals with special reference to India. Originally a teaching note drafted in summer 2009 is publishd as Chapter 1 in th book 'Handbook of Fixed Income Securities Volume II: Monographs on Term Structure, Saarbrücken: Verlag Dr. Müller (2011), ISBN-13: 978-3639352634', pp 5-21
Interdisciplinary Approaches to Public Policy and Sustainability, 2019
Invitation for Editorial Advisory Board Membership and Call for Chapter Proposals in IGI-Global B... more Invitation for Editorial Advisory Board Membership and Call for Chapter Proposals in IGI-Global Book Project: Interdisciplinary Approaches to Public Policy and Sustainability
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Papers by Rituparna Das
On one hand, it has highlighted the importance of liquidity and funding risk for
banking activity. The stakeholder-based cooperative banks are faced with the
problem of how to improve their access to wholesale funding. On the other hand,
the deficiencies in their corporate governance are exposed. In arguing that the
indicators of performance of the management gives the signal of movement of a
cooperative bank towards or away from the position that may attract delicensing
or liquidation, this paper analyses and compares a number of urban cooperative
banks, based on which a decision may be taken regarding which bank is how
distant from failure.
The final version of this paper is published as chapter 3: pages 39-56, in 'Monetary History of India: Forecasting Perspective of Central Banks and Economists', authored by Rituparna Das, publisher: Verlag Dr. Müller, Saarbrücken., ISBN: 13:978-3639269475
The final version of the paper is published as pages 22-38 of Chapter 2 in Monetary History of India: Forecasting Perspective of Central Banks and Economists, Saarbrücken: Verlag Dr. Müller (2010), ISBN-13:978-3639269475, authored by Rituparna Das
The final version of the article is published as Chapter 7 in the book 'Monetary History of India: Forecasting Perspective of Central Banks and Economists', Saarbrücken: Verlag Dr. Müller (2010), ISBN-13:978-3639269475, pp 112-117.
DOI: 10.13140/RG.2.1.3008.0169
The final version of this draft was published in Scholasticus 3(1), pp 47-69
On one hand, it has highlighted the importance of liquidity and funding risk for
banking activity. The stakeholder-based cooperative banks are faced with the
problem of how to improve their access to wholesale funding. On the other hand,
the deficiencies in their corporate governance are exposed. In arguing that the
indicators of performance of the management gives the signal of movement of a
cooperative bank towards or away from the position that may attract delicensing
or liquidation, this paper analyses and compares a number of urban cooperative
banks, based on which a decision may be taken regarding which bank is how
distant from failure.
The final version of this paper is published as chapter 3: pages 39-56, in 'Monetary History of India: Forecasting Perspective of Central Banks and Economists', authored by Rituparna Das, publisher: Verlag Dr. Müller, Saarbrücken., ISBN: 13:978-3639269475
The final version of the paper is published as pages 22-38 of Chapter 2 in Monetary History of India: Forecasting Perspective of Central Banks and Economists, Saarbrücken: Verlag Dr. Müller (2010), ISBN-13:978-3639269475, authored by Rituparna Das
The final version of the article is published as Chapter 7 in the book 'Monetary History of India: Forecasting Perspective of Central Banks and Economists', Saarbrücken: Verlag Dr. Müller (2010), ISBN-13:978-3639269475, pp 112-117.
DOI: 10.13140/RG.2.1.3008.0169
The final version of this draft was published in Scholasticus 3(1), pp 47-69