Table 1. Growth and Income in Asia Period Japan Korea Indonesia China India Average Annual GDP Percent Growth (2005 U.S. dollars) 1960s 10.4 8.3 3.7 3.4 3.9 1970s 4.1 10.5 7.8 7.5 2.9 1980s 4.4 8.6 6.4 9.8 5.7...
Day: July 26, 2023
The Government of India is the single largest shareholder of the Bank with 56.92% ownership. The origins of the Bank date back to 1806 when the Bank of Calcutta
(later called the Bank of Bengal) was established. In 1921, the...
This paper quantifies the size of internal versus external trade barriers and assesses the impact on trade and welfare. I develop a quantitative multi-sector international trade model featuring nonhomothetic preferences in which states trade both domestically and internationally. I...
the dollar is already highly digitized. The Federal Reserve provides a digital dollar to commercial banks, and commercial banks provide digital dollars and other financial services to consumers and businesses. This arrangement serves the nation and the economy well:...
The Reserve Bank derives the necessary statutory powers from various sections of the RBI Act – with respect to denomination (Section 24), form of banknotes (Section 25), status as legal tender (Sec 26(1)) etc. There is a need to...