Banks play an important role in the economy by providing essential financial services and thereby... more Banks play an important role in the economy by providing essential financial services and thereby lead to contribute to economic growth. Financial liberalization in the banking sector aimed to increase the efficiency of the banks, improve the allocation of credits, stimulate savings, and, thereby improve higher economic growth. The impact of financial freedom or more liberalization on the stability of the bank's performance is one of the most debated issues over the years. This paper aims to examine the relationship between financial freedom and the stability of the bank's solvency and performance in the Indian banking industry in the post-reform period. The study finds that financial freedom improves the financial stability of Indian Banks in the post-reform period and suggests policymakers improve the prudential norms for a more efficient and liberalized banking environment.
Purpose The importance of banking and insurance, as an important part of the financial system, ha... more Purpose The importance of banking and insurance, as an important part of the financial system, has been well accepted in the growth literature. Acting as financial intermediaries they perform important functions that may contribute in economic growth. Addressing this issue, the purpose of this paper is to empirically examine the relationship between banking, insurance and economic growth in India in the post-liberalized era when the private sector was allowed to operate banking and insurance business. Design/methodology/approach In order to find the long-run and short-run relationship between banking, insurance and economic growth, the study uses the VAR-vector error correction model (VECM) along with Granger causality test to explore any causal relationship. Findings The results indicate that there is the long-term relationship between banking, insurance and economic growth and the causality results show a bi-directional relationship between insurance activity and economic growth; ...
The body of research assessing the technical efficiency of decision-making units (DMUs) with a sp... more The body of research assessing the technical efficiency of decision-making units (DMUs) with a special reference to Indian banking sector suggests that a majority of these studies have employed data envelopment analysis (DEA) for measuring technical efficiency with two-input/two-output or three-input/three-output or models with several combinations of various input and output factors. In almost all the cases, the choice of input and output factors was based on the judgement of the researchers. They lack the rigorous justification pertaining to the appropriateness of or the efficacy of such input– output factors to measure the true technical efficiency of the DMUs. This study evaluates 11 select DEA models representing the intermediary approach with various input–output factors and investigates the relationship between the computed efficiency scores and a single performance measure of DMUs by using decision tree (DT) analysis. The objective is to find a better criterion using a scien...
Purpose Understanding the role of financial intermediaries towards financial development and ther... more Purpose Understanding the role of financial intermediaries towards financial development and thereby the growth of an economy, this study aims to examine the long-run relationship between the development of banking and insurance sector and economic growth in India by covering different regimes including the regulated and the liberalized period. Design/methodology/approach For examining the long-run relationship between these sectors, the study uses VAR-VECM technique. Further, Granger causality test is used to check if there is the presence of any causal link among these sectors. Findings The findings clearly indicate long-run relationship between economic growth and the development of banking and insurance sector, while the causality results show demand following relationship in the complete period where there is bi-directional causality in the post-liberalized period from insurance to economic growth. Research limitations/implications As banking development is not found to support economic growth, this raises serious concerns towards the complex role of banks as against theory and demands further analysis to understand their role in an economy. Practical implications As causality pattern has changed from demand following to bi-directional causality, it is vital to understand the importance of liberalization towards the economic growth of the country as well as the contribution of insurance sector towards economic growth in the liberalized environment. Originality/value This is the first effort to empirically explore the relationship between economic growth and the development of banking and insurance sector in India by covering the complete period (regulated and liberalized).
Page 1. 1 Impact of Global Financial Crisis in the Life Insurance Sector in India Dr. Amlan Ghosh... more Page 1. 1 Impact of Global Financial Crisis in the Life Insurance Sector in India Dr. Amlan Ghosh 1 Abstract ... suggests few recommendations for the overall development of the life insurance sector in India. 1 Dr. Amlan Ghosh: can be reached at: amlanpost@gmail.com. Page 2. 2 ...
The COVID-19 pandemic has created an unprecedented crisis for the tourism economy. The global sup... more The COVID-19 pandemic has created an unprecedented crisis for the tourism economy. The global supply chain has stopped and the movement of people has been at a halt globally along with all economic activities. Tourism is a labour-intensive sector which contributes in large part in the GDP of the countries and supports an extensive job market directly and indirectly throughout the world.
This policy paper highlights the impact of this pandemic on tourism worldwide and in India and focuses on the strategies to address the problems faced by the India tourism Industry. This paper highlights the stakeholders' approach and suggests a Region-based tourism policy to improve the present crisis.
Banks play an important role in the economy by providing essential financial services and thereby... more Banks play an important role in the economy by providing essential financial services and thereby lead to contribute to economic growth. Financial liberalization in the banking sector aimed to increase the efficiency of the banks, improve the allocation of credits, stimulate savings, and, thereby improve higher economic growth. The impact of financial freedom or more liberalization on the stability of the bank's performance is one of the most debated issues over the years. This paper aims to examine the relationship between financial freedom and the stability of the bank's solvency and performance in the Indian banking industry in the post-reform period. The study finds that financial freedom improves the financial stability of Indian Banks in the post-reform period and suggests policymakers improve the prudential norms for a more efficient and liberalized banking environment.
Purpose The importance of banking and insurance, as an important part of the financial system, ha... more Purpose The importance of banking and insurance, as an important part of the financial system, has been well accepted in the growth literature. Acting as financial intermediaries they perform important functions that may contribute in economic growth. Addressing this issue, the purpose of this paper is to empirically examine the relationship between banking, insurance and economic growth in India in the post-liberalized era when the private sector was allowed to operate banking and insurance business. Design/methodology/approach In order to find the long-run and short-run relationship between banking, insurance and economic growth, the study uses the VAR-vector error correction model (VECM) along with Granger causality test to explore any causal relationship. Findings The results indicate that there is the long-term relationship between banking, insurance and economic growth and the causality results show a bi-directional relationship between insurance activity and economic growth; ...
The body of research assessing the technical efficiency of decision-making units (DMUs) with a sp... more The body of research assessing the technical efficiency of decision-making units (DMUs) with a special reference to Indian banking sector suggests that a majority of these studies have employed data envelopment analysis (DEA) for measuring technical efficiency with two-input/two-output or three-input/three-output or models with several combinations of various input and output factors. In almost all the cases, the choice of input and output factors was based on the judgement of the researchers. They lack the rigorous justification pertaining to the appropriateness of or the efficacy of such input– output factors to measure the true technical efficiency of the DMUs. This study evaluates 11 select DEA models representing the intermediary approach with various input–output factors and investigates the relationship between the computed efficiency scores and a single performance measure of DMUs by using decision tree (DT) analysis. The objective is to find a better criterion using a scien...
Purpose Understanding the role of financial intermediaries towards financial development and ther... more Purpose Understanding the role of financial intermediaries towards financial development and thereby the growth of an economy, this study aims to examine the long-run relationship between the development of banking and insurance sector and economic growth in India by covering different regimes including the regulated and the liberalized period. Design/methodology/approach For examining the long-run relationship between these sectors, the study uses VAR-VECM technique. Further, Granger causality test is used to check if there is the presence of any causal link among these sectors. Findings The findings clearly indicate long-run relationship between economic growth and the development of banking and insurance sector, while the causality results show demand following relationship in the complete period where there is bi-directional causality in the post-liberalized period from insurance to economic growth. Research limitations/implications As banking development is not found to support economic growth, this raises serious concerns towards the complex role of banks as against theory and demands further analysis to understand their role in an economy. Practical implications As causality pattern has changed from demand following to bi-directional causality, it is vital to understand the importance of liberalization towards the economic growth of the country as well as the contribution of insurance sector towards economic growth in the liberalized environment. Originality/value This is the first effort to empirically explore the relationship between economic growth and the development of banking and insurance sector in India by covering the complete period (regulated and liberalized).
Page 1. 1 Impact of Global Financial Crisis in the Life Insurance Sector in India Dr. Amlan Ghosh... more Page 1. 1 Impact of Global Financial Crisis in the Life Insurance Sector in India Dr. Amlan Ghosh 1 Abstract ... suggests few recommendations for the overall development of the life insurance sector in India. 1 Dr. Amlan Ghosh: can be reached at: amlanpost@gmail.com. Page 2. 2 ...
The COVID-19 pandemic has created an unprecedented crisis for the tourism economy. The global sup... more The COVID-19 pandemic has created an unprecedented crisis for the tourism economy. The global supply chain has stopped and the movement of people has been at a halt globally along with all economic activities. Tourism is a labour-intensive sector which contributes in large part in the GDP of the countries and supports an extensive job market directly and indirectly throughout the world.
This policy paper highlights the impact of this pandemic on tourism worldwide and in India and focuses on the strategies to address the problems faced by the India tourism Industry. This paper highlights the stakeholders' approach and suggests a Region-based tourism policy to improve the present crisis.
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This policy paper highlights the impact of this pandemic on tourism worldwide and in India and focuses on the strategies to address the problems faced by the India tourism Industry. This paper highlights the stakeholders' approach and suggests a Region-based tourism policy to improve the present crisis.
This policy paper highlights the impact of this pandemic on tourism worldwide and in India and focuses on the strategies to address the problems faced by the India tourism Industry. This paper highlights the stakeholders' approach and suggests a Region-based tourism policy to improve the present crisis.