Convergence and Developmental Aspects of Credit Allocations in BRICS Nations: Theoretical and Empirical...

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Ramesh Chandra Das (Vidyasagar University, West Bengal, India)

Convergence and Developmental Aspects of Credit Allocations in BRICS Nations

Theoretical and Empirical Inquiries

Ramesh Chandra Das (Vidyasagar University, West Bengal, India)

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English

Routledge India
07 June 2024

Macroeconomics; International economics; Development economics; Finance & accounting

This book explores the levels of cooperation and the phenomenon of convergence among BRICS nations. It provides an in-depth look into the financial and banking systems among these rapidly developing economies and the steps they have taken to foster development and counter inequalities.

Of the many factors in determining the income and wealth of a country as well as a group of countries, commercial bank credit, a well-known financial indicator, has been an important one. This book analyses the governance and structure of the New Development Bank and its effects on group members for peer growth and to defend against any external economic and political shocks. It looks at how much of an influence the commercial bank credit, or simply the credit, has upon the income levels of the BRICS member countries, how equitable they are, whether they are converging in credits and incomes, and other such issues. It also focuses on India’s credit aspects of inclusiveness and convergence.

With a strong empirical model estimation, this book will be of interest to students and researchers of economics, finance, management, political studies, international relations, and international trade.

Edited by: Ramesh Chandra Das (Vidyasagar University West Bengal India)
Imprint: Routledge India
Country of Publication: United Kingdom
Dimensions: Height: 234mm, Width: 156mm,
Weight: 893g
ISBN: 9781032284859
ISBN 10: 1032284854
Pages: 366
Publication Date: 07 June 2024
Audience: College/higher education , Primary
Format: Hardback
Publisher's Status: Active

Ramesh Chandra Das is Professor of Economics at Vidyasagar University, West Bengal, India. He has more than 25 years of teaching and research experience in different fields of economics consisting of theoretical and applied macroeconomics, financial economics, environmental economics, and political economics. He has contributed numerous research papers to journals and books and has edited and written more than a dozen books published by leading publishers.