Collected Papers on Credit and Finance: Collected Papers Volume 2

The volume on Collected Papers on Credit and Finance contains twenty-eight research papers on the themes such as the importance, evolution, and drawbacks of the Indian capital market, inflation and equity returns, financial derivatives, global depository receipts, working capital management, financial structure and dividend policy of the corporates, trade credit, appraisal of financial sector reforms, and Grameen Bank. Although the focus of discussion in the papers is primarily on the Indian economy, the international context also has been referred to whenever possible and relevant. As hardly any researchbased book on corporate finance is available in India at present, the present volume would help to fill this gap in the literature on Indian corporate finance.

Laxman Madhao Bhole is Professor in the Department of Humanities and Social Sciences, IIT Bombay. After graduating from Poona University in 1965, he obtained his M.A. in Economics from Bombay University in 1967. He obtained Ph.D. from Bombay University in 1971 and joined Sydenham College, Bombay, where he taught for two years. He joined IIT Bombay in1973 and was the Head of the Department of Humanities and Social Sciences during 1989-92. He was awarded Maharashtra Government Open Merit Scholarship, Ford Foundation Scholarship, and UGC Fellowship for pursuing his studies at various levels. He visited the Institute for Studies in Economic Development, Naples, Italy for six months on an Italian Government scholarship. Prof. Bhole has been teaching Economics for more than 35 years. A prolific writer, Prof. Bhole has many books, and over 125 research articles published in books and reputed journals, to his credit. His books are: (1) Investment, Interest, and Monetary Policy in India (1974); (2) Impacts of Monetary Policy (1985) (3) Financing of the Private Corporate Sector: Trends, Issues, and Policies (2000); (4) Essays on Gandhian Socio-Economic Thought (2000); (5) Financial Institutions And Markets: Structure, Growth, And Innovations (Fourth Ed.) (2004).