International Conference on
'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.
Jul 21, 2009.

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 financial structure.

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:

  1. Theoretical debates about financial structure and economic development
  2. Assessment of the dominant financial structures and their impact on investment and production in the era of globalisation
  3. Finance and the question of economic equity
  4. Global financial crisis (2008-09) and its impact on developing countries
  5. Issues in corporate governance, regulatory and supervisory mechanisms in the new financial structure
  6. Microfinance and economic development.
Selection 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:

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:


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