This paper evaluates the real-time performance of the Delhi School of Economics-Economic Cycle Research Institute (DSE-ECRI) Indian Leading Index for exports for predicting cyclical swings in Indian exports growth. The index comprises the 36-country real effective exchange rate and leading...

It is generally believed that financial liberalisation erodes the potency of monetary policy by rendering tenuous the link between monetary aggregates and important macro-economic magnitudes (such as income, prices and exchange rates). This could be accounted for by several factors such as the...

In this article, we first describe the characteristics of the World Trade Organization (WTO) that are the basis of the framework of the multilateral trading system. We then provide an overview of concepts of fairness in trade agreements. Thereafter, we offer a critique of the efficiency...

In order to examine if the impact of oil price shocks depends on the structure of an economy, a vertical (VSC) and a horizontal (HSC) long-run supply curve identifications are successively imposed on a three-variable structural vector autoregression (SVAR) with Indian time series data. While...

The phenomenal growth in mobile communications and introduction of third generation (3G) mobile services have put focus on spectrum management in India. The radio spectrum is a limited natural resource that is fully renewable without incurring costs. Therefore, it must be efficiently used and...

Border trade between India and its neighbouring countries is largely determined by ethnic ties, affinity, long porous borders and low transaction costs. The inefficiencies and high transaction costs associated with formal trade have helped to promote informal trade, which traders find easier and...

Large public sectors in countries like India need to be efficient; one of the tools to achieve this end is performance measurement. Performance indicators have been in use in the private corporate sector for a long time, and the idea of its adoption in the public sector is also not new. By now,...

This paper shows that exchange rate alignments are also used for redistribution of income among different groups. The heterogeneous impacts of stabilisation policies lead to formation of various coalitions throughout the evolution of stabilisation programmes. These coalitions can produce...