NO: WP-2023-001 AUTHOR: Rajeswari Sengupta and Harsh Vardhan TITLE: Bankruptcy Regime Change and Credit Risk Premium on Corporate Bonds: Evidence from the Indian Economy. ABSTRACT : Enactment of the Insolvency and Bankruptcy Code (IBC) in 2016 marked a watershed event in the commercial credit landscape in India,and represented a major enhancement in […]
Latest News
Budget 2024: On the escape route
NO : WP-2024-020 AUTHOR : Ashima Goyal TITLE : Budget 2024: On the escape route ABSTRACT : Continuity was necessary for the budget, since current policy has delivered macroeconomic stability with growth, but as the first budget of a new government it was also expected to reveal policy directions required to fulfil its […]
Can effects of weather variation predict future economic downturn? Evidence from systemic risk in Indian financial markets by Pratik Thakkar
NO : WP-2025-006 AUTHOR : Pratik Thakkar TITLE : Can effects of weather variation predict future economic downturn? Evidence from systemic risk in Indian financial markets ABSTRACT : We examine how weather variation influences economic activity through its impact on sys¬temic risk in financial markets, an underexplored channel for a developing economy like […]
Central Bank Transparency, the Role of Institutions and Inflation Persistence
NO : WP-2023-012 AUTHOR : Taniya Ghosh and Yadavindu Ajit TITLE : Central Bank Transparency, the Role of Institutions and Inflation Persistence ABSTRACT : With the transparency revolution across the world, this paper aims to investigate the effect of increased central bank transparency on inflation dynamics. We use the-oretical and empirical methods to […]
Chorus in the Cacophony: Dissent and Policy Communication of India’s Monetary Policy Committee
NO : WP-2023-03 AUTHOR : Rounak Sil, Unninarayanan Kurup, Ashima Goyal, Apoorva Singh, Rajendra Paramanik TITLE : Chorus in the Cacophony: Dissent and Policy Communication of India’s Monetary Policy Committee ABSTRACT : Using minutes of consecutive Monetary Policy Committee (MPC) meetings of the Indian central bank, we have constructed two […]
Corruption-Proof Minimum Regulation for ‘Zero Emission’: Status Incentives – Bane or Boon?
NO : WP-2023-09 AUTHOR : Preksha Jain and Rupayan Pal TITLE : Corruption-Proof Minimum Regulation for ‘Zero Emission’: Status Incentives – Bane or Boon? ABSTRACT : This paper explores the possibility of designing environmental regulation that ensures ‘zero emission’, by promoting non-polluting ‘green’ technology adoption by firms, without creating new […]
Cross-ownership in duopoly: Are there any incentives to divest?
NO : WP-2024-003 AUTHOR : Rupayan Pal and Emmanuel Petrakis TITLE : Cross-ownership in duopoly: Are there any incentives to divest? ABSTRACT : This paper shows that in a duopoly a firm has no incentives to divest its passive shares in its rival when firms’ strategies are strategic complements. This holds independently whether […]
Discrimination in Credit Markets: The Case of Female Entrepreneurs in India
NO : WP-2024-025 AUTHOR : Rozi Kumari, A Ganesh-Kumar and Rajendra Vaidya TITLE : Discrimination in Credit Markets: The Case of Female Entrepreneurs in India ABSTRACT : Despite impressive growth performance, empowering women and bridging gender gaps in entrepreneurship remains a key challenge for India. Given the crucial role of finance functioning of […]
Does inflation targeting live up to all the hype?
NO : WP-2024-024 AUTHOR : Yadavindu Ajit and Taniya Ghosh TITLE : Does inflation targeting live up to all the hype? ABSTRACT : This study examines the effects of inflation targeting on inflation levels, its volatility, and its persistence in emerging market economies. To better estimate the dynamic treatment effects of inflation targeting, […]
Effect of Demand and Supply Side Factors on School Education Outcomes in India
NO : WP-2024-013 AUTHOR : Surabhi Garg and Srijit Mishra TITLE : Effect of Demand and Supply Side Factors on School Education Outcomes in India ABSTRACT : A novelty of this study is to examine the effect of both demand and supply side factors on school education outcomes in India for 6-18 age group in […]
