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Diaspora and Belief — Globalisation, Religion and Identity
in Postcolonial Asia
This volume explores the relationship between globalisation and religion in contemporary post colonial Asia a situation in which new found political and cultural autonomy, far from leading to the widespread secularization predicted by many a generation ago, has stimulated the flourishing of both traditional and new forms of religious expression. This study examines the interplay between history, the contemporary consumer capitalism and its attendant forms of popular culture that are making inroads all over Asia, and the deeply held religious beliefs and institutional memberships on which many national, regional and local identities still fundamentally depend and which set up the complex social, cultural and personal negotiations and revisionings that arise when tradition meets globalisation. I n a world of increasing religious polarization signaled by the putative "clash of civilizations", the exploration of these dynamics is empirically and politically important and also holds many implications for the field of cultural studies as a whole, East and West. Commercial Banks and
Monetary Policy in India
Against the backdrop of financial sector reforms in India, this book looks into the theory, stylized facts and empirical evidence on the relationship between commercial banks’ behaviour and monetary policy. The book presents an analytical account of the credit channel of monetary transmission and looks into the modified IS-LM model with an independent banking sector. Econometric evidence of the book is pointer to the fact that not all the banks respond uniformly to monetary policy. Attributes like ownership, size, liquidity, or capitalization play important roles in determining the nature of response. The book also examines futuristic issues like consolidation of the banking sector in light of the evidence.
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the burgeoning study of globalisation the study of religion has been
sorely neglected. Yet despite the inroads of modernization, the
societies of South, Southeast and East Asia remain deeply permeated by
religion. Issues of identity, cultural politics and citizenship are all
fundamentally influenced by religious affiliation.
In
conducting monetary policy, a Central Bank primarily tries to influence
behaviour of the commercial banks. The response of commercial banks to
monetary policy actions is, thus, a key element of monetary policy. In
view of the resurgence of the credit channel of monetary policy and
episodes of credit crunch, world over the issue has gained currency.