Economic impact of COVID-19 pandemic on healthcare facilities and systems: International perspectives

The nexus of remittances and CO2 emission is very important and gathers a significant place in empirical research. This paper tries to find out the asymmetric relationship between carbon emissions, remittances, and financial development in India for the period 1980-2014. Based on the theoretical linkages, we develop a nonlinear ARDL model with the use of time series data in this study. The results of the NARDL bound test suggest that there is long-run cointegration among the variables. The findings show that positive shock in remittances causes an increase in CO2 emissions, where negative shock reduces it. The coefficient for financial development is positive but becomes statistically insignificant. Empirical results also support the existence of asymmetric long-run relationship among the variables. Based on the findings, the paper recommends the proper channelization of remittances and financial development towards environment-friendly energy sources and projects without compromising economic growth.

Nexus among CO2 emissions, remittances, and financial development: a NARDL approach for India.

For sustainable growth, macro policy makers will need to look at risk management in banking industry and impacts of macro factors on market risk in order to adjust policies and build risk management culture in banking system. What we need to adjust in trade balance, risk free rate and other policies? This is one of reasons for us to conduct this study.This paper measures the Beta CAPM in famous model under impacts of both macro internal and external variables during low inflation time 2015-2020 in the country. The evidence is the fundamental role of risk management in commercial bank has been increasing with new perspectives in management, corporate governance and risk management models. We will estimate effects in risk measurement of one of big listed Vietnam commercial bank, Asia commercial bank (ACB) during the low inflation period 2015-2020 with semiannual data. Through using analysis, synthesis statistics methods, and dialectical materialism method, combined with econometric model with 9 macro variables, we figure out that CPI has a positive correlation with Beta CAPM of ACB, while Risk free rate (Rf) and lending rate have negative correlation with Beta CAPM of the bank. It implies that increase in inflation, together with decrease in Rf and lending rate will increase market risk.Then, one of its major findings is the suggestion of macro and risk management policies for bank and relevant government agencies. Our recommendation can be used for reference and expand researches in many other emerging markets.

Enhancing risk management culture for sustainable growth of Asia commercial bank -ACB in Vietnam under mixed effects of macro factors

This paper empirically investigates the impact of COVID-19 on the volatility of stock prices in India with the help of a generalized autoregressive conditional heteroscedasticity model. Daily closing prices of stock indices, Nifty and Sensex from September 3, 2019 to July 10, 2020 has been used for the analysis. Further, the study has been attempted to make a comparison of stock price return in pre-COVID-19 and during COVID-19 situation. Findings reveal that the stock market in India has experienced volatility during the pandemic period. While comparing the result during COVID period with that of the pre-COVID, we found that the return on the indices is higher in the pre-COVID-19 period than during COVID-19.

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The outbreak of COVID-19 pandemic and its impact on stock market volatility: Evidence from a worst-affected economy.

This paper examines how banks respond to the monetary policy of the European Central Bank (ECB) according to their characteristics and, in particular, to their market power, using banking micro-data from Eurozone countries over the period from 1999 to 2011. Our results suggest that banks with market power, which is proxied by the Lerner index, have a credit supply that is less sensitive to monetary policy shock. The market structures (aggregated measures) in which the banks operate have a similar effect. Therefore, increased competition enhances the effectiveness of monetary policy transmission through the bank lending channel. We find also over the period from 2008 to 2011, that this channel has been strengthened, but the negative effect of market power on monetary effectiveness has remained.

Competition and the Bank Lending Channel in Eurozone

The COVID-19 pandemic has affected different sectors of the economy in an unprecedented way, and this article is an attempt to analyze the economic effect of the outbreak in India However, before we assess the economic cost associated with the pandemic, we economists fully consider the outbreak as a human tragedy There has not been any econometric technique that can account the countless human sufferings that the crisis has brought Through this article, we address several important research questions and demonstrate India's strength to stay immune to combat COVID-19 pandemic The research questions are as follows First, what will be the effect of COVID-19 on the Indian economy and how does it affect the different sectors of the economy? Second, how does the pandemic affect the bilateral trade relation between India and China? Third, we question the role of the public health system in dealing with the outbreak of the virus in India This article also presents the growth projection of the Indian economy by different economic agents We finally conclude the article by mentioning a few policy recommendations for the Indian economy

Can India stay immune enough to combat COVID-19 pandemic? An economic query

This paper measures the degree of bank competition in India using a sample of 70 commercial banks over the period 1996–2016. To assess the degree of competition, we estimate the market power of eac...

Bank Competition and its Determinants: Evidence from Indian Banking

Bank competition and financial stability are often cited as important drivers of economic growth. Bank competition plays a very significant role in enhancing the efficiency and determining the stability of a financial system. However, a question of interest is whether bank competition enhances or hindrances the economic growth of a country. The purpose of this paper is to investigate the role of bank competition and financial stability on economic growth for selected South Asian economies over the period 1997–2016.,To investigate whether bank competition enhances or hinders economic growth, the author applies a two-step estimation technique. First, the author estimates bank competition using the Lerner index and adjusted Lerner index and, second, examines the joint effect of bank competition and financial stability on economic growth applying both panel regression model and system GMM techniques.,Empirical findings reveal that the banking sector in South Asian economies is competitive as indicated by the estimated values of Lerner and adjusted Lerner index. Moreover, the joint effect defined by the interaction between banking competition and banking stability also reveals a positive and significant impact on economic growth. This finding implies that both banking competition and banking stability are significant long-term determinants of economic growth in South Asian economies.,This paper suggests flexible banking regulation policies such as low net interest rate margins, lesser activity restrictions and entry of foreign banks along with few contestability measures to increase bank competition in South Asian countries. This is because as higher the competition, greater is the chance for efficient allocation of resources and hence economic growth.,This paper is the first of its kind that considers the joint role of bank competition and financial stability on economic growth. The application of a semi-parametric approach in the estimation of marginal cost is also a unique contribution to empirical literature.

Does bank competition promote economic growth? Empirical evidence from selected South Asian countries

The primary purpose of this paper is to empirically investigate the impact of bank competition on financial stability in India. We use a dynamic panel model to examine whether an increase in bank competition hindrances financial stability of commercial banks in India over the period 1996 to 2016. Findings reveal that in India, a higher degree of bank competition is positively associated with the prevalence of non-performing loans. Additionally, the positive impact of the Lerner index on Z-score lends support to competition-fragility hypothesis. However, we argue that both the views of competition-stability and competition-fragility can coexist in a single banking system like India.

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Bijoy Rakshit

Papers

Can India stay immune enough to combat COVID-19 pandemic? An economic query

Bank Competition and its Determinants: Evidence from Indian Banking

Does bank competition promote economic growth? Empirical evidence from selected South Asian countries

Does Bank Competition Enhance or Hinder Financial Stability? Evidence from Indian Banking

An empirical investigation of the effects of competition, efficiency and risk-taking on profitability: An application in Indian banking