Articles by D N Ghosh

Bank Regulation and Free Market Orthodoxy D N Ghosh Notwithstanding the freedom and flexibility enjoyed by the private sector, the banking system in the US and the other developed countries has been facing several types of financial disruption. The lesson clearly is that the system can be kept on an even keel not by following blindly the dictates of the free market ideology but by striking a balance between market and regulation. Will the Narasimham Committee be able to adequately address the complexity of the problem in a matter of a few weeks?

Bank Nationalisation Anniversary Collective Amnesia D N Ghosh Now that some US development organisations are planning to promote actively micro-enterprise lending by banks, will our own much-maligned 'priority sector

Financial Leadership at Any Cost?
D N Ghosh The competition among London, New York and Tokyo for financial leadership is growing intense and each is striving hard to innovate and promote high value-added financial activities. However, the instances of financial disruption witnessed in the last two decades are clear warnings of the deep systemic risks and fragilities which pose serious threats to the stability of the financial centres.

Who Is Afraid of Bank Disclosure?
D N Ghosh The current initiatives towards reform of the financial system are mainly in the form of diversification of money market instruments and establishment of new agencies for widening and deepening the range of services in the financial market. These reforms cannot, however, correct the inherent systemic deficiencies in the core area of financial intermediation. Far more effective will it be to use the instrument of fuller public disclosure to put financial institutions to the test of the market-place.