|
on Central and Western Asia |
| By: | Amadou N. R. Sy |
| Abstract: | This paper takes a closer look at the prudential and regulatory measures needed to prepare India's financial system to manage the risks arising from fuller capital account convertibility (FCAC). The paper contributes to the debate on FCAC in two ways. First, it reviews the potential and existing financial stability challenges to FCAC in India. Second it studies how prudential regulation and supervision is addressing these challenges. The main conclusion is that regulatory and supervisory measures alone are not enough and will need to be complemented by improvements in Indian banks' risk management and further development of the domestic capital markets. |
| Keywords: | Working Paper , Capital account convertibility , India , Risk management , |
| Date: | 2007–10–30 |
| URL: | http://d.repec.org/n?u=RePEc:imf:imfwpa:07/251&r=cwa |
| By: | Hasan, Lubna |
| Abstract: | Deforestation remains one of the most intractable environmental problems of today. Pakistan also faces serious problem of depletion of its forest reserves.The general perception among planners is that over population is the primary culprit behind forest degradation. Moreover, people living close to forestlands, and using it for their needs, show an imprudent behaviour towards these forests and use it in an unsustainable manner. So there is tendency among the policy makers to find ways of keeping people away from this resource, and to strengthen government’s hold over it. This is a rather simplistic conception of the issue since most of the forests in Pakistan are state owned/managed, and responsibility for the protection/conservation of these forests rests with the state, therefore, any inquiry into the causes of forest degradation in Pakistan must analyse the state’s role in it. Putting the entire burden of deforestation on ‘other factors’ shifts attention away from more important causes (namely, failure of government to manage forests), and leads to wrong policy conclusions. This study intends to focus attention on this important factor behind deforestation - the role of state in forest degradation in Pakistan. |
| Keywords: | State Failures; Deforestation |
| JEL: | Q23 Q58 |
| Date: | 2008–02 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:6513&r=cwa |
| By: | Menon, Sudha Venu |
| Abstract: | This article explores the role of Right to Information Act in effective Implementation of NREGA through checking corruption. For substantiating the core argument, the paper examines the success story of NREGA in Rajasthan.Section one of the article explains RTI, its significance in giving transparency and accountability in NREGA , the procedures to be followed in using RTI, need for mass participation and role of civil society. Section two discusses the pioneering role of Aruna Roy and MKSS in Rajasthan for making RTI and NREGA a reality. Compare to other states, NREGA experiment was successful in Rajasthan mainly because of the mass awareness campaigns, muster roll verification, periodic social audit, active role of PRIs etc. The paper also highlight the achievements of NREGA in Rajasthan like checking migration to urban areas, Natural Resource Management include water conservation and harvesting structure, drought proofing, micro irrigation works, provision of irrigation facilities to land owned by SC/ST, rural connectivity, renovation of water bodies, and pasture land development |
| Keywords: | NREGA; India;Rajasthan;Right to Information |
| JEL: | A10 |
| Date: | 2008–01–10 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:7351&r=cwa |
| By: | Hasan, Lubna |
| Abstract: | Around the world, national governments as well as international organization measure and monitor performance of large cities and the Quality of Life (QoL) of urban residents, to gain insights into the well-being of the citizens and the state of various amenities at city level and make informed policy decisions. There is a need to develop a system of measuring and monitoring QoL and city performance in the large urban areas of Pakistan. The paper suggests a framework for measuring quality of life in Pakistani cities |
| Keywords: | Quality of Life; Pakistan; Cities |
| JEL: | R10 O18 |
| Date: | 2007 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:6522&r=cwa |
| By: | Cömertler, Necmiye; Kar, Muhsin |
| Abstract: | There is an important support to the view in public that crime rate has been increasing in the recent years in Turkey. In addition, it is argued that social and economic factors play an important role in increasing the crime in the country. The aim of this article is to determine to what extent the economic and social factors are important in this process for 81 provinces. According to the cross section analysis based on 2000 data in the province level, it is observed that income, unemployment, migration, education, demographic factors such as population density and birth rate and urbanization ratio are the main and important determinants of crime rate. |
| Keywords: | Crime rate; per capita income; unemployment; migration; urbanization; schooling rate; cross-section analysis; Turkey |
| JEL: | A13 H75 Z13 C21 |
| Date: | 2007 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:7288&r=cwa |
| By: | Stavarek, Daniel |
| Abstract: | In this paper, we examine the exchange rate volatility in selected new EU Member States (Czech Republic, Hungary, Poland, Slovakia) and candidate countries (Croatia, Romania, Turkey) using TARCH model and daily data from the period May 2004 – December 2006. Besides the volatility estimation, the paper analyzes the asymmetric effects. The results suggest that some symptoms of asymmetry were found in all exchange rates except for CZK/EUR. However, the most distinct effects are evident in Slovakia and Turkey where the appreciation of the national currency and the appreciation-side deviation from the target exchange rate contribute significantly to the increase in the exchange rate volatility. |
| Keywords: | asymmetry; European Union; exchange rate volatility; TARCH models |
| JEL: | G15 F31 |
| Date: | 2007 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:7298&r=cwa |
| By: | Martin Cihák; Heiko Hesse |
| Abstract: | The relative financial strength of Islamic banks is assessed empirically based on evidence covering individual Islamic and commercial banks in 18 banking systems with a substantial presence of Islamic banking. We find that (i) small Islamic banks tend to be financially stronger than small commercial banks; (ii) large commercial banks tend to be financially stronger than large Islamic banks; and (iii) small Islamic banks tend to be financially stronger than large Islamic banks, which may reflect challenges of credit risk management in large Islamic banks. We also find that the market share of Islamic banks does not have a significant impact on the financial strength of other banks. |
| Keywords: | Islamic banking , Financial stability , |
| Date: | 2008–01–30 |
| URL: | http://d.repec.org/n?u=RePEc:imf:imfwpa:08/16&r=cwa |