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April 11th, 2015, 09:20 AM
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Join Date: Mar 2012
Re: IIM Ahmedabad Research Papers

As you want to get IIM Ahmedabad Research Papers of Prof. J. R. Varma for taking idea of paper so here I am giving you an attachment of PDF file in which you will get information about paper.

Here I am giving you a small content from that PDF file:

• The balance of payments crisis that threatened the international credibility of the country

And pushed it to the brink of default; and

• The grave threat of insolvency confronting the banking system which had for years

Concealed its problems with the help of defective accounting policies

Moreover, many of the chronic and deeper-rooted problems of the Indian economy in the

Early nineties were also strongly related to the financial sector:

• The problem of financial repression in the sense of McKinnon-Shaw (McKinnon, 1973;

Shaw, 1973) induced by administered interest rates pegged at unrealistically low levels;
• Large scale pre-emption of resources from the banking system by the government to
Finance its fiscal deficit;
• Excessive structural and micro regulation that inhibited financial innovation and increased
Transaction costs;
• Relatively inadequate level of prudential regulation in the financial sector;
• Poorly developed debt and money markets; and
• Outdated (often primitive) technological and institutional structures that made the capital
Markets and the rest of the financial system highly inefficient
IIM Ahmedabad Research Paper





Here I am giving you attachment for full research paper...........................
Attached Files
File Type: pdf IIM Ahmedabad Research Paper.pdf (536.6 KB, 266 views)


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