The central question posed in this paper will be how to organize board composition in order to ensure responsible corporate governance both from a corporate social responsibility (CSR) and a good governance perspective. Adopting a stakeholder approach to corporate governance, we analyze the...

This paper examines the effectiveness of monetary policy in changing financial environments fostered by financial innovations. Financial innovation can make monetary analysis more complex, and modify the monetary policy transmission mechanism. This makes the monetary policy effective only in the...

In any economy money and income are important macro-economic variables which play a significant role in influencing economic activities. Thus, this paper is an attempt to investigate the short-run and long-run dynamics of the relation between money and income in a developing country like India...

In last decades financial innovation and the rise of new classes of financial institutions, combined with a change in the trading behavior of traditional institutional investors, have been contributed largely to increased market liquidity. Financial innovation has been considered to lower cost...