Global Digital Transformation Trends: Financial-Economic Sector

Financial sector origins of economic growth delusion∗

After financial crises, GDP is typically persistently weak compared to pre-crisis trends. We build a simple competitive general equilibrium model to highlight role that the financial sector may have in boosting GDP to unsustainable, undesirable levels before financial crises. Allowing banks to freely trade in financial securities exacerbates the problem. Because loans generate collateral, banks...

Understanding Economic Growth in Venezuela: 1970-2005 - The Financial Sector

YV Reddy: Society, economic policies, and the financial sector

I am grateful to the Per Jacobsson Foundation, in particular Chairman Ortiz, for conferring on me the honour of delivering the Per Jacobsson Foundation Lecture for 2012. I did not have the good fortune to meet Per Jacobsson, so my familiarity with him is primarily through the references made to him in the second volume of the history of the Reserve Bank of India. He came across as a forceful pe...

Mastering Digital Transformation: the Path of a Financial Services Provider towards a Digital Transformation Strategy

To master the challenges of a digital transformation and to systematically address IT’s multifaceted transformative impacts on an organization’s inner and outer environments, top management is increasingly formulating and implementing a digital transformation strategy (DTS). To date, there have been few details of DTS formation concerning its underlying processes and activities. In this study, ...

Some Observations on Recent Economic and Financial Trends

So I am relieved to say that the Reserve Bank has no role in developing or enforcing accounting standards, though we do of course have to produce our own accounts consistent with the relevant standards. It may interest you to know in this context that the Reserve Bank has itself made the change to IFRS, and will present its 2005/06 accounts on this basis in the Annual Report later this year, ju...