Partha Ray

Law of one price continues to be a central tenet of Financial Economics. This book is devoted towards examining law of one price in the context of dually-listed shares of Indian companies. Put simply, this book delves on the relationship between the prices of domestic shares issued by Indian companies and the prices of foreign shares issued by the same companies. It also examines the evolving uncertainty in relationships between such dually-listed shares issued by Indian companies. It draws upon the insights that we garnered over the years while working on technical papers in this area. The book, thus, undertakes concerted efforts to present facts in a manner that sensitise and meaningfully inform readers of the prevalent breadth and depth of dual-listing (cross-listing) landscape globally and more so, locally (India).

Law of one price continues to be a central tenet of Financial Economics. This book is devoted towards examining law of one price in the context of dually-listed shares of Indian companies. Put simply, this book delves on the relationship between the prices of domestic shares issued by Indian companies and the prices of foreign shares issued by the same companies. It also examines the evolving uncertainty in relationships between such dually-listed shares issued by Indian companies. It draws upon the insights that we garnered over the years while working on technical papers in this area. The book, thus, undertakes concerted efforts to present facts in a manner that sensitise and meaningfully inform readers of the prevalent breadth and depth of dual-listing (cross-listing) landscape globally and more so, locally (India).

What started as a sub-prime mortgage crisis in the United States in 2007 snowballed into global recession and later transformed into an economic crisis, if not a sociopolitical one. This was followed by the euro area debt crisis. While the period 2014–9 was marked by a return to the growth trajectory, albeit of the new normal variety, various headwinds affected such growth, including the United States–China trade war and the initially ambiguous Brexit signals culminating in the United Kingdom's exit from the European Union. In 2020, the world witnessed the emergence of the COVID-19 pandemic and a return to more aggressive fiscal and monetary stimuli. In this revised edition of Financial and Fiscal Policies, the authors highlight the challenges posed by the global crisis and analyse the interactions between monetary, fiscal, and financial policies, exploring cross-country experiences, especially the economics of the euro area and India. Focusing on public debt management, sovereign debt restructuring, taxation, and financial sector and sub-national finance regulation, this book offers an understanding of future institutional arrangements.

This book examines the relevance of the concepts and hypotheses of macroeconomics in the contemporary world. It discusses the current debates on theory and practices of macroeconomic policies with a focus on developing economies emerging from the impact of Covid-19 pandemic. The volume advocates for a symbiotic relationship between macroeconomic policies and development strategies. It analyses several issues related to macroeconomic tools, which include openness, capital flows, exchange rate and financial strategies. It underscores the need to design a development strategy that accounts for the economic context of the countries concerned. Further, the book advocates for well-regulated macrofinancial policies promoting sustainable growth. It also provides recommendations to policy makers on formulating a sound and inclusive macroeconomic policy essential for financial stability. This book will be of interest to students and researchers of macroeconomics, public administration, development studies, management and policymaking. It will also be useful to economists, policymakers and journalists working on emerging and developing economies.

This book examines the relevance of the concepts and hypotheses of macroeconomics in the contemporary world. It discusses the current debates on theory and practices of macroeconomic policies with a focus on developing economies emerging from the impact of Covid-19 pandemic. The volume advocates for a symbiotic relationship between macroeconomic policies and development strategies. It analyses several issues related to macroeconomic tools, which include openness, capital flows, exchange rate and financial strategies. It underscores the need to design a development strategy that accounts for the economic context of the countries concerned. Further, the book advocates for well-regulated macrofinancial policies promoting sustainable growth. It also provides recommendations to policy makers on formulating a sound and inclusive macroeconomic policy essential for financial stability. This book will be of interest to students and researchers of macroeconomics, public administration, development studies, management and policymaking. It will also be useful to economists, policymakers and journalists working on emerging and developing economies.