IDEAs - International Development Economics Associates

Re-regulating Finance

Following the financial crisis, much has been done for preventing systemic failure in the financial sector, stalling economic downturn and ensuring a recovery. However, the adequacy and appropriateness of the measures adopted remain questionable. As far as reforming the financial sector is concerned, despite a spate of proposals, agreement on the appropriate mix of policies and the progress with implementation have been limited. This section presents papers and articles that analyse the adequacy of various proposals and measures, the challenges that could arise at the time of implementation and advocate additional or alternative measures. Some of these papers also take a renewed look at the veracity of the arguments given for explaining the genesis of the crisis.

Capital Account Regulations and the Trading System: A compatibility review
Insolvency Protection and Fairness for Greece: Implementing the Raffer Proposal
Kunibert Raffer
Society, Economic Policies, and the Financial Sector
Y.V. Reddy
Monetary Policy and Central Banking after the Crisis: The implications of rethinking macroeconomic theory
Thomas I. Palley
New Issue Newsletter on EU Financial Reform

The Systemic Crisis of the Euro – True causes and effective therapies

Heiner Flassbeck & Costas Lapavitsas

The authors investigate the origin of the EMU to identify its constructional defects in order to explain why it is failing to resolve the European crisis effectively.

Fragile Foundations: Foreign capital and growth after liberalisation

C.P. Chandrasekhar

The shift from debt-financed public expenditure to debt-financed private expenditure-led growth in India has resulted in increased dependence on foreign capital and vulnerability.

Capital Account Regulations and the Trading System: A compatibility review

The report validates the concerns that many nations may not have adequate flexibility to regulate capital flows because of the trade and investment treaties they are party to.

The Business of News in the Age of the Internet

C.P. Chandrasekhar

In the context of the digital revolution, the author discusses some possible implications of the impact of the internet on the print business and the directions they point to.

The Implosion of Global Capitalism: The challenge for the radical left

Samir Amin

In the context of capitalism imploding in the form of the ongoing crisis, the author explores the possible alternatives that can succeed the present world order.

Egypt should Say Yes to Emergency Assistance, but No to the Failed Development Model of the Past

Rick Rowden

Egypt should refuse the IMF loan as the associated conditionalities would further push the neoliberal development model that has created much of Egypt's problems.

Weak Expansions: A distinctive feature of the business cycle in Latin America and the Caribbean

Esteban Perez Caldentey, Daniel Titelman & Pablo Carvallo Working Paper no. 01/2013

An Analysis of Public Finances in Thailand from an Equity Perspective

Smitha Francis Working Paper no. 06/2012

Workshop on Financial Evolution, Regulatory Reform and Cooperation in Asia, IDEAs, FEI & CSS, Seoul National University, 17-18 May, 2013, Seoul, Republic of Korea
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South-South Tricontinental Collaborative Programme 2013-2015
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Liberal Capitalism, Conniving Capitalism and Lumpen Development: The case of Egypt

Samir Amin

Sadat dismantled Nasser’s socialist developmental model and established neoliberal crony capitalism in Egypt. The real challenge of the recent uprising is to revert it.

The Integration of Gender and Human Rights into the Post-2015 Development Framework

Radhika Balakrishnan, Diane Elson & James Heintz

In developing a post-2015 framework for social and economic development, this report seeks to integrate macroeconomics, human rights, and gender into an analytical framework.

Redistributing Regulatory Power

C.P. Chandrasekhar

The FSLRC's far-reaching recommendations seek a fundamental redesign of India's historically evolved financial regulatory framework in favour of a liberalised financial sector.

Why Has This Recession Not Produced a Price Deflation?

Prabhat Patnaik

The current global recession has not witnessed price fall like the Great Depression because globalisation has altered the dynamics of the components determining prices.

Bangladesh Garments: Global chain of profit and deprivation

Anu Muhammad

The recent tragedy in the garment factory of Bangladesh follows a series of such unfortunate events which are a result of the exploitative nexus of the global garment industry.

Bullying Cyprus to No End

C.P. Chandrasekhar

The highhandedness shown by the troika (EU, ECB and IMF) in the case of Cyprus once again shows how the core in Europe is pushing the costs of adjustment to the periphery.

Beyond 2015? Or back to the 1980s?

Gabriele Köhler

The key areas of focus of the UN SG’s Panel of Eminent Person discussions on the post-MDG Agenda failed to take into account the basic issues raised by global voices.

The Political Economy of Indian Food Exports

C.P. Chandrasekhar & Jayati Ghosh

The article discusses the political economy configurations that permit rising grain exports from India, even as domestic food prices spiral out of the reach of ordinary people.

Joint Appeal to Address the Problem of Inequality in the Post-2015 Framework

A group of economists, academics and development experts jointly appeals for putting inequality at the heart of any potential post-2015 framework to be discussed in Bali.

Is Global Finance Finally Shrinking?

Jayati Ghosh

Even as the value of global financial assets has fallen sharply since 2007, it may be essential to shrink it further to make the financial system fulfill its basic tasks.

China's Exploding Debt

C.P. Chandrasekhar

Amidst the ongoing global financial crisis, a potential financial market threat is looming in China which is based on “shadow banking” lending to real estate sector.

The Dangers of Fiscal Austerity

Jayati Ghosh

Despite fiscal austerity measures proving to be counterproductive in dealing with economic contractions worldwide, the Indian government is poised to implement similar policies.

No Standards, Not Poor

C.P. Chandrasekhar

The rising tide of litigation against US credit ratings agencies could help resolve the conflict of interest involved in basing financial regulation on the ratings system.

David Cameron's Bad Date in Delhi

Jayati Ghosh

David Cameron's strategy of engagement with India is based on the continuation of an Indian economic strategy that has lost its legitimacy within the country.