A BRIEF OVERVIEW OF NATIONAL STRUCTURAL REFORM AGENDAS IN FINANCIAL SECTOR

A Brief overview of national structural reform agendas in financial sector • The UK draft Banking Reform Bill has been introduced to the UK Parliament in February 2013. The Bill requires ring-fencing of deposit-taking and other “core” retail banking activities into a separate entity from “excluded” wholesale and investment banking activities and non-EEA activity. Regulators [...]

FINANCIAL CRISES,US SHUT DOWN AND FDI

28 March 2014  Dr. Debesh Bhowmik, No Comments

Paper presented at National Seminar 2014 on “Contemporary Issues in Accounting and Finance” in Kalyani University,Department of Commerce on 27-28 March,2014 FINANCIAL CRISES , US SHUT DOWN AND FDI Key words- Financial crises , FDI flows , US shut down, JEL-G01,F30,F33,N12 Dr.DebeshBhowmik (International Institute for Development Studies,Kolkata) And Tushar Kanti Dey Guest Lecturer, Kanchrapara College,Chakdaha [...]

BEHIND THE GLOBAL FINANCIAL CRISIS

18 March 2014  Dr. Debesh Bhowmik, No Comments

BEHIND THE GLOBAL FINANCIAL CRISIS The current economic and financial crisis has brought about a significant change in global economic governance as the international forum for discussions on the crisis has shifted from the small group of advanced countries in the Group of Seven (G7) to the Group of Twenty (G20), a broader group including [...]

TIME FOR BRETTON WOODS III

24 February 2014  Dr. Debesh Bhowmik, No Comments

Time for Bretton Woods III ?   The publication last week of Towards Bretton Woods III: A Roadmap for Reforming Institutions and Policies has caused a considerable stir in financial circles. Already, the finance ministers of five of the seven developing countries on the G4’s advisory panel have referred approvingly to the proposals, whose lead [...]

GROWTH-INFLATION TRADE-OFF IN INDIA:A LONGRUN ANALYSISD

1 January 2014  Dr. Debesh Bhowmik, No Comments

GROWTH-INFLATION TRADE-OFF IN INDIA:A LONG RUN ANALYSIS   Dr.DebeshBhowmik (International Institute for Development Studies,Kolkata)   Keywords- growth and inflation nexus, cointegration , VAR JEL- H61,H62,E31, E42 (Presented in 96th conference of Indian Economic Association at Medical college,Meenakshi University,Kanchipuram during 27-29December2013) (It is published in Indian Economic Journal-Special Issue,December,2013,pp 1-15)     Introduction   Theory suggests [...]

CONCEPT OF PERSONAL CARBON TRADING

28 October 2013  Dr. Debesh Bhowmik, No Comments

CONCEPT OF PERSONAL CARBON TRADING   –Dr.Debesh Bhowmik   The issuing of tradable personal carbon dioxide (CO2) emission rights to citizens is a recent proposal to mitigate climate change. It aims to cap individuals’ emissions, enabling year-on year cuts in the national carbon budget. The idea has received attention from key actors in the UK [...]

ECONOMISTS AT 2013 NOBEL PRIZE

15 October 2013  Dr. Debesh Bhowmik, No Comments

ECONOMISTS AT 2013 NOBEL PRIZE -Dr.Debesh Bhowmik The Sveriges Riksbank prize in economic sciences in memory of Alfred Nobel for 2013 jointly was given to Eugene Fama and Lars Peter Hansen from the University of Chicago and Robert J Shiller from Yale University. According to the committee, the economists’ research “laid the foundation for the [...]

DIMENSIONS OF INDO-ASEAN TRADE

10 October 2013  Dr. Debesh Bhowmik, No Comments

DIMENSIONS OF INDO-ASEAN TRADE -Dr.Debesh Bhowmik ASEAN is a free trade area and it is going to issue a common currency within 2020.Now ASEAN is the key trading bloc because ASEAN+3 planned to set up Asian Monetary Fund with headquarter at Manila in which India’s role was ignored by +3 where as India is one [...]

THE APEC SUMMIT 2013 AT BALI

9 October 2013  Dr. Debesh Bhowmik, No Comments

THE APEC SUMMIT-2013 AT BALI –Dr.Debesh Bhowmik The Summit Theme ‘Towards Resilience and Growth: Reshaping Priorities for Global Economy’ addresses important global business priorities and seeks how to achieve inclusive sustainable growth for all APEC economies.The Leaders of the Asia Pacific including President Xi Jinping of China, President Susilo Bambang Yudhoyono of Indonesia, Prime Minister [...]

US SHUT DOWN

2 October 2013  Dr. Debesh Bhowmik, No Comments

US SHUT DOWN –Dr.Debesh Bhowmik After facing the acute financial crisis,US Government announced the partial shut down of its economy which has tremendous economic loss that would be very difficult to make up.A one week shut down of some government services should have a less than 0.1% impact on US GDP.A shut down that lasts [...]