This paper seeks to measure international currency crisis. It has taken the case of the A5 countries in 1997 and has developed a methodology meant to measure and explain currency crisis. The study uses Jha amp; Murthy (2006) approach for constructing composite indices for capturing the causes -...

Over the past two decades several countries have undertaken measures to open the capital account of their balance of payment as part of a broader process of financial liberalization and international economic integration. This paper reviews the exchange rate regime of emerging countries...

This paper articulates the necessity of emphasizing the absolute level of environmental degradation in different countries as a guide to understanding the links between such degradation and economic development. We argue the case for developing a composite environmental degradation index (EDI)...

A central issue in the context of the environment is that of its sustainability. This presumes the development of an index that encapsulates both the current state of the environment as well as its potential to provide support for future human activity. Once the broad contours are accepted the...

We extend the analysis of Jha and Murthy (2003) to relate consumption to environmental degradation (conceived of as a composite) within a cross-country framework. We use the method of Principal Components Analysis (PCA) to construct an Environmental Degradation Index (EDI) for each country and...

Starting from the famous but controversial statement of Peter Drucker (1981) - "There is neither a separate ethics of business nor is one needed", this paper goes on to argue that business ethics and social responsibility are not unrelated. It shows how it is necessary to distinguish between...

This paper argues that accountability, responsibility and governance go hand in hand. Evolving standards is a part of governance. Unless such a global perspective is adopted "Social Responsibility and the implications for Developing Countries", which is the theme for this workshop, cannot be...