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Prabhat Patnaik
Monday 11 June, 2018
Historically, the push for bank privatizationwhich has gathered momentum with a rise in tendencies to take to neo-liberal policies. The arguments for privatization have been put forward time and time again, depending on economic circumstances. As international finance capital demands outright privatization to control financial resources and popularizes the conception of social interest best served through free finance, the NPA crisis in India has become the justification of the day.
C.P. Chandrasekhar, Jayati Ghosh
Tuesday 15 May, 2018
Neo-liberal banking reform was launched in the early 1990s to address the low profitability of the public banking system and the large presence of non-performing assets. It set itself the objectives of cleaning out NPAs, recapitalising the banks and modifying banking practices to restore profitability and drastically reduce NPA volumes. This did initially have some effect. However, while the NPA ratio fell between the early 1990s and the mid-2000s, it has risen sharply since then. Moreover, while earlier priority and non-priority loans contributed equally to total NPAs, more recently, large non-priority loans to the corporate sector account for the bulk of NPAs. An analysis of these features reveals that these trends are indicative of the failure of neo-liberal banking reform in India.
C.P. Chandrasekhar, Jayati Ghosh
Tuesday 08 May, 2018
While household balance sheets are not rid of the debt accumulated in the years preceding the 2008 crisis, there are signs that purchases financed with new debt are leading to a fresh bubble in property markets.
Andrew Cornford
Monday 04 September, 2017
Trade Finance: Effects Of The Basel Capital Framework and Other Regulatory Developments
C.P. Chandrasekhar, Jayati Ghosh
Tuesday 23 May, 2017
As the US reduces its role as engine of global demand, there are no signs that other economies will be able to pick up the slack. The mercantilist approach exemplified by Germany is creating net global slowdown.
Andrew Cornford
Tuesday 22 September, 2015
This article reviews the Indian model bilateral investment treaty and the major provisions of international investment treaties, often with special attention to their historical development.
Andrew Cornford
Monday 31 August, 2015
The author here illustrates the fact that in the reports prepared by FSB less attention is given to typical problems of design and implementation in developing than in developed countries.
Haider Khan
Friday 30 January, 2015
The author develops a critical constructivist evolutionary theory of IFIs and arrangements within a framework of dynamic complex adaptive economic systems.
Andrew Cornford
Wednesday 19 November, 2014
The author argues that the international reform agenda for financial regulation is fraught with several inconsistencies and weaknesses.
C.P. Chandrasekhar
Tuesday 12 August, 2014
Democratic forces in BRICS and other countries have to ensure that the BRICS bank acts differently from existing development banks to be a true alternative as expected.
 

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