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Collusion in government and corruption
(Journal of Interdisciplinary Economics, 2009-11-10)
Politicians require bureaucrats to implement policies. Due to information asymmetry about who is to be considered a beneficiary of policy screening devices like red tape are used. This results in opportunism by individuals ...
The fiscal response to the global crisis
(Vikalpa: The Journal for Decision Makers, 2009-07-15)
India’s banks had no direct exposure to the subprime mortgage assets. Yet India was affected by the global financial crisis as its economy has significantly integrated with the global economy in the recent past in terms ...