Social security is virtually non-existent in India. While governments play a role providing some security to poor households (through the public distribution system targeted at households below the poverty line), in general financial security remains the responsibility of individuals. Life...

The approach of India’s political establishment toward economic reforms and economic policy-making may have undergone major changes in the last few decades, but its terms of engagement with international financial institutions, particularly with the International Monetary Fund (IMF),...

Sub-Saharan Africa is concurrently characterised by low institutional quality and large-sized government sectors and both may keep the cost of doing business high. This paper revitalises the political economy literature on growth of governments in highlighting the essence of upgrading...

Relationship banking based on Okun’s ‘customer credit markets’ has important implications for monetary policy via the credit transmission channel. Studies of less-developed country (LDC) credit markets from this point of view seem to be scanty and this article attempts to...

A growing literature in the field of econometrics is on the treatment of seasonal variables. However, so far, very few studies in India have applied advanced seasonal modelling techniques to important macroeconomic variables. This paper examines the seasonal properties of Indian monthly WPI...

The success and failure of any democratic government is gauged in terms of how effectively it has fulfilled its constitutional obligation of enhancing social and economic well-being, particularly the common man. While developed economies use a set of indices to measure well-being, a systematic...

Forecasting exchange rate movements is challenging, as they exhibit high volatility, complexity and noise. Most traditional models cannot forecast exchange rates, with significantly higher accuracy, than a random walk model. In this study, a non-linear model called artificial neural network...

Several studies reveal that organisational databases have significant errors (Klein, 2000; Morgenstern, 1963; Musgrove, 1974). Attributed to this, researchers, policy makers and other users are obliged to authenticate collected data for its randomness before usage in order to prevent problems caused by...