Financial Sector Reforms in the World

Contents Preface. 1. The impact of financial sector reforms in India/Ravi M. Tirlapur and Nagesha G. 2. Role of corporate governance in Indian banking/P. Srinivas Subbarao. 3. External financing gap Ghost or real/Thilak Ranaweera. 4. Venture capital international experience/T. Satyanrayana Chary. 5. Money and real economy linkages in the anchor of the gold standard as epistemological approach/Masudul Alam Choudhury and Mohammad Ziaul Hoque. 6. Risk and rewards in Asian stock markets an empirical evidence/B.S. Bodla and M.S. Turan. 7. Performance reforms and prospects of local commercial banks in Oman/Mazhar M. Islam. 8. An empirical study of determinants of savings during 1980 2000 in India/Ganesh S. Mani and Srivyal Vuyyuri. 9. Impact of growth and performance on market capitalization a case study/M.M. Metwally. 10. Investment preferences of retail equity investors an empirical study/B.S. Bodla and M.S. Turan. 11. Cooperative banking and financial sector reforms in India/Mohd. Izhar Ahmad. 12. Financial risk management in China the roles of derivatives and some implications for multinational corporations/Steven Li Simon S. Gao and Jane Zhang. 13. A study on the impacts of globalization on financial markets a global approach/S. Vijayakumar and N. Namasivayam. 14. Financial sector reforms and primary agriculture co operative credit societies in India/J.P. BhoSale H.D. Thorat and Anil C. Bhavsar. 15. Banking sector reforms in India/K. Rani and M. Manickam. 16. Marketing of banking services yesterday today and tomorrow/Baby M.D. 17. Financial sector reforms/Thakor Devendrasingh Vijaysingh. 18. Changing face of banking sector Real Time Gross Settlement (RTGS)/S.K. Sharma and Shubha Chandra. 19. IMF and its role in financial management of developing countries through capital markets/Kapil Sharma. 20. Assessment of the impact of financial sector reforms in Ghana/J.V. Mensah and I.K. Acheampong. 21. Micro credit and role of banks need for initiatives and commitment/Amrit Patel. 22. Financial liberalisation and its impact on the determinants of profitability of commercial banks in India/V. Nagarajan Naidu and Manju S. Nair. 23. Public sector banks in post reform period unfinished agenda and the uncertain future/Manoj S. Kamat and Branda Rodrigues. 24. International financial sector reforms/Geetanjali Sharma and Sandeepa Malhotra. Financial sector in fact is the brain of the body economy. The traditional economists have never considered the significance of the finance. The finance in reality was given a status of second class citizen in the economic literature. Obviously the need has emerged to rewrite the monetary economics in the framework of this background. There is an urgent need to explore the general theory of finance in a given economic system with inbuilt linkages with other development agents. Since the new classical economics the financial super structure became one of the development activities. Finance since then plays a significant role in solving the development problems of the developing economies. The financial liberalization school and the neo liberalization approach has further led the foundation of the Basel I and II. The Narsimham Committee I and II paved the play to have macro level policy initiatives required for positive business performance of the financial institutions. But the customer centric approach cannot be denied. In fact there should be a trade off between business centric and customer centric approaches. However proper plinth has been constructed by the Narsimham Committees. The final financial superstructure is yet be erected in the frame work of financial liberalization approach. 426 pp.…