The rate of interest occupies a central place of discussion in the economic literature on rural credit. In the institutional credit market, the issue that raises controversy among the researchers is whether interest rate charged on institutional loan would be administered or market driven. In...

The article first looks at the working of an open economy under a situation of price flexibility in a static framework. This extends the Mundell–Fleming model and shows the effect of exchange rate movement in a richer perspective. The article then introduces the role of depreciation of...

We examine risk preferences in an urban setting in a low-income developing country with nonstudent subjects by adapting the experimental approach of Holt and Laury (HL; 2002). We conducted 22 group experiments with 404 participants and used in-kind payoffs. The average respondent was...

We believe a lack of transparency undermines both the credibility of, and interest in, stated choice studies among policy makers. Unlike articles reporting the results of contingent valuation studies, papers in the stated choice literature rarely present simple tabulations of raw response data...

This study examines the performances of the rural institutional credit agencies in India in the pre- and post-reforms periods. Another question addressed here is: Do the institutional credit agencies perform in a discriminatory manner while lending to the rural/agricultural sector in various...

Summary The "old" familiar diseases of cholera and typhoid remain a serious health threat in many developing countries. Health policy analysts often argue that vaccination against cholera and typhoid should be provided free because poor people cannot afford to pay for such vaccines and because...