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Book part
Publication date: 2 September 2019

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The Impacts of Monetary Policy in the 21st Century: Perspectives from Emerging Economies
Type: Book
ISBN: 978-1-78973-319-8

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Book part
Publication date: 9 March 2021

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Global Tariff War: Economic, Political and Social Implications
Type: Book
ISBN: 978-1-80071-314-7

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Globalization, Income Distribution and Sustainable Development
Type: Book
ISBN: 978-1-80117-870-9

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Book part
Publication date: 25 May 2022

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Globalization, Income Distribution and Sustainable Development
Type: Book
ISBN: 978-1-80117-870-9

Book part
Publication date: 25 May 2022

Subrata Pradhan and Ramesh Chandra Das

Reaching at the true development state is one of the important policy agenda of any country or its provinces under it. The true development state can further be ensured if…

Abstract

Reaching at the true development state is one of the important policy agenda of any country or its provinces under it. The true development state can further be ensured if the country or province does inclusive development. Financial inclusion is one of the important agenda through which a country or a province's inclusive growth and development can be ensured. The present study aims to compute the magnitudes of financial inclusion and its associated income link across the 18 districts of the state of West Bengal in India, with the help of the four banking indicators or dimensions – number of branches, number of accounts, amounts of deposits, and amounts of credit of the scheduled commercial banks, for the period 1997–2018. It finds that except Kolkata, all the other districts have low IFI values. Kolkata is at the top with near 100 percent financial inclusion. Mostly the districts from the North Bengal region are having very low magnitudes whereas the districts from the South Bengal region are having relative high magnitude of financial inclusion. The ultimate effects of these levels of financial inclusion have led to very low level of net domestic products of the districts.

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Globalization, Income Distribution and Sustainable Development
Type: Book
ISBN: 978-1-80117-870-9

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Book part
Publication date: 13 May 2019

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The Impact of Global Terrorism on Economic and Political Development
Type: Book
ISBN: 978-1-78769-919-9

Book part
Publication date: 25 May 2022

Suparna Banerjee and Prosenjit Mukherjee

Nanotechnology is nowadays very much successful in producing specifically functionalized nano-sized particles. In this work, copper nanoparticles were prepared by…

Abstract

Nanotechnology is nowadays very much successful in producing specifically functionalized nano-sized particles. In this work, copper nanoparticles were prepared by reduction method which is greener and environmentally suitable, cheap and best as compared to other conventional methods, particularly in the context of COVID in globalized world. The formation and size of copper nanoparticles was evidenced by the X-ray diffraction and transmission electron microscopy. The very high surface area of 35–50 m2/gm and very small crystallite sizes of 5–15 nm of these metal nanoparticles is mainly responsible for their effective involvement in removal of carbon dioxide gas as one of major hazardous pollutants from the environment. This chapter, as its main objective, mainly focuses on utility of nano technology and its beneficiary in creating a sustainable environment in economic world. Apart from laboratory experimental procedure and characterizations for preparation of copper nanoparticles, appropriate research methods such as simple statistical, econometric tools and mathematical tools have been used for economic analysis. However, as major findings of the results, developed countries have been successful in maintaining a sustainable human development, in spite of having higher per capita income (PCI) growth as compared to the role of developing countries with lower PCI in this global world.

Details

Globalization, Income Distribution and Sustainable Development
Type: Book
ISBN: 978-1-80117-870-9

Keywords

Content available
Book part
Publication date: 13 May 2019

Abstract

Details

The Impact of Global Terrorism on Economic and Political Development
Type: Book
ISBN: 978-1-78769-919-9

Book part
Publication date: 25 May 2022

Nilendu Chatterjee and Tonmoy Chatterjee

The world has witnessed rapid changes as far as growth and convergence of economies are concerned. Over the past decades, many less-developed or developing economies have…

Abstract

The world has witnessed rapid changes as far as growth and convergence of economies are concerned. Over the past decades, many less-developed or developing economies have been catching up with the industrialized economies; a few have even surpassed them, as far as growth is concerned. Also there have seen emergence of new economic powers in the world, where growth rates of these upcoming economies have not only converged with that of developed economies, but have gone ahead of them as well. In this chapter, by the help of beta convergence and sigma convergence, an attempt has been taken to find out the nature and causes of convergence among few developed and developing economies in the last three decades, that is, after 1990, which also covers the period of post-globalization in these developing nations. Main concerned variables are Per-capita GDP, Life expectancy at birth and Foreign Direct Investment. Such analysis would help to find how far globalization has been effective or helpful to the developing economies, as far as catching up with developed economies is concerned. The results suggest that in the post-globalization era, nations have been converging both absolutely as well as conditionally and the variance is also diminishing, which indicates the presence of sigma convergence as well.

Details

Globalization, Income Distribution and Sustainable Development
Type: Book
ISBN: 978-1-80117-870-9

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Book part
Publication date: 2 September 2019

B. Janakiraman

Low interest rates around the world due to adaptive monetary policy regulations for some time a source of concern for the banking sector and depositors of the bank. In…

Abstract

Low interest rates around the world due to adaptive monetary policy regulations for some time a source of concern for the banking sector and depositors of the bank. In this environment, interest rates have raised concerns about nominal deposit interest rates which cannot be lowered below zero without destroying bank customers. Bank loans are becoming less vulnerable to lower interest rates on deposits approaching zero, indicating that the financial channel is weakened when interest rates are close to zero. Demographic pressures associated with longer life expectancy, China's gradual integration into global financial markets and changes in supply and asset requirements are attributed as reasons for low interest rates. Volatility of CPI inflation, interest rates on bank deposits attracting income tax and discontented depositors due to lower rates are cited as reasons for the suffering of bank depositors. This chapter thus discusses the impact of negative rate on economic growth and bank customers besides discussing the future trends of negative interest rates.

Details

The Impacts of Monetary Policy in the 21st Century: Perspectives from Emerging Economies
Type: Book
ISBN: 978-1-78973-319-8

Keywords

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