'Issues in Finance and Economic Development in Developing
Countries during Globalisation Era' from 6 to 7 November
2009, at Shri Ram College
of Commerce, University of Delhi.
Given the current global financial
crisis it is imperative to understand the financial
structure in place in developing countries following
the financial liberalisation policy. This liberalisation
policy was implemented as per the philosophy of Structural
Adjustment Programmes and Macroeconomic Stabilisation
prescribed by international financial institutions.
The era of financial liberalisation has witnessed
very visible changes in the financial structure. The
stock market, innovative risk-trading financial derivatives
such as futures and options, umbrella banking, various
types of financial institutions, dominance of foreign
capital in the capital market, exposure of traditional
banks to new risky avenues, and a more internationally-linked
capital market are some of the features of the new
It is necessary to assess the extent to which the
new financial structure has contributed to economic
development, because ultimately the purpose of the
financial system is to facilitate economic development.
Has the new financial structure provided more stability
to the developing economies, which is a prerequisite
for stable economic growth? Such issues are pertinent
to developing countries because they have been implementing
the financial liberalisation policy for more than
a decade now, in the hope of promoting economic development.
The result, as mentioned above, has been a structural
shift in the financial system in these countries.
This international conference is an attempt to contribute
to the ongoing debate on the issues of finance, financial
structure, and its association with economic development.
Papers are invited from Indian and foreign researchers
around the following themes:
Theoretical debates about financial structure and
Assessment of the dominant financial structures
and their impact on investment and production in
the era of globalisation
Finance and the question of economic equity
Global financial crisis (2008-09) and its impact
on developing countries
in corporate governance, regulatory and supervisory
mechanisms in the new financial structure
Microfinance and economic development.
of the received papers will be made on the basis of
screening by referees. The authors of selected papers
from India will be provided travel allowance and free
accommodation as per the UGC norms. Due to limited fund,
foreign authors of selected papers will have to make
their own arrangements for travel expenses. However,
free accommodation will be provided by the college at
the Delhi University Guest House. The last date of submission
of the abstract of the paper is 10 August 2009. The
last date of submission of the completed paper is 5
September 2009. The date of confirmation to the selected
authors is 15 October 2009. Abstracts and papers
can be sent electronically to: firstname.lastname@example.org.
For details contact Mr. Santosh Kumar, Convenor, College
Seminar Committee, at cell phone no.: +91-9911426837
and Mr. H.N. Tiwari, Member, College Seminar Committee
at cell phone no.: +91-9899197454. Further details about
the topic of the Conference can also be obtained from
the college website: www.srcc.edu.