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1. In-depth analysis of capital inflows and its impact on emerging market economies.

The capital inflows, which can be in the form of FDI or FII are distinctly analysed. Their role in either boosting an economic growth or just leading to rise in inflation is thoroughly studied. The different routes of capital inflows are also examined along with how each of them differs with the other. The impact of capital inflows on asset price is also investigated by employing a panel VAR model. Further, analysing its effect on growth and interest rates also forms a part of this research. The asset price fluctuations in short term is measured and accordingly recommendations are also made regarding the same.

Suggested Readings:

  • Ahmed, S., & Zlate, A. (2014). Capital flows to emerging market economies: A brave new world?.Journal of International Money and Finance48, 221-248.
  • Kim, S., & Yang, D. Y. (2011). The impact of capital inflows on asset prices in emerging Asian economies: is too much money chasing too little good?. Open Economies Review22(2), 293-315.

2. Critical analysis of global financial crisis and its role in the growing protectionism.

In this dissertation, some of the latest global financial crisis are analysed along with its cause and effect. The manners of tackling it would also be deliberated upon during this dissertation. Moreover, the rise of protection that has augmented due to such global economic meltdown is also researched along with available literature on it. Further, while critiquing this phenomenon and how it will impact the globalised world is investigated. The role of WTO and other regional trading blocs are assessed in the light of protectionist wave in even liberal democracies like USA. Finally, its effect on free trade treaties must be also looked simultaneously making recommendation in this regard.

Suggested Readings:

  • Bussière, M., Pérez‐Barreiro, E., Straub, R., & Taglioni, D. (2011). Protectionist responses to the crisis: Global trends and implications. The World Economy34(5), 826-852.
  • Siles-Brügge, G. (2011). Resisting protectionism after the crisis: Strategic economic discourse and the EU–Korea free trade agreement. New Political Economy16(5), 627-653.

3. Analysing the impact of free trade treaties on regional trading blocs.

This dissertation primarily seeks to study the origin of free trade and how it got prominence during the phase of globalisation. The rise of regional trading blocs in comparison to WTO is also examined and how this has affected the trade relations among the countries. Free trade as a concept is also discussed in this dissertation, while the issue of undermining the WTO or strengthening it during this process, is also examined. The economic disparity between global North and South have to be taken into consideration while discussing the benefits of FTA and Regional Trading Blocs.

Suggested Readings:

  • Saggi, K., & Yildiz, H. M. (2011). Bilateral trade agreements and the feasibility of multilateral free trade. Review of International Economics19(2), 356-373.
  • Wilson, J. D. (2012). Resource security: A new motivation for free trade agreements in the Asia-Pacific region. The Pacific Review25(4), 429-453.

4. Keynesian economic theory is making a comeback: Analyse it with contemporary examples.

This dissertation deals with how and why General Theory in 1936 was propagated by Keynes. The great depression and how the idea of economic growth has changed, is also studied in this dissertation. Further, the reasons for not using this concept is also examined and therefore, the government intervention, which is an important part of this theory is also analysed. The examples in present economies that has facilitated in its comeback are also thoroughly studied. These examples are explained along with the context of the country and its economic background. Some suggestion can also be made regarding how this will impact the modern determinants of economics.

Suggested Readings:

  • Kaldor, N. (2015). Keynesian economics after fifty years. In Essays on Keynesian and Kaldorian Economics(pp. 27-74). Palgrave Macmillan, London.
  • Jahan, S., Mahmud, A. S., & Papageorgiou, C. (2014). What is Keynesian economics. Finance & Development51(3), 53-54.1103244952

5. Tax refunds boost the economy: Critically analyse the statement.

In this dissertation, the tax credits given by governments is assessed along with their role in boosting the economy of a country. The tax structures are detailed upon and thereby, critically analysed to figure out if these benefits actually lead to any economic growth or not. The various economic parameters are tallied with the countries where no such benefits are given. Moreover, while analysing these parameters, its impact on direct and indirect taxes are also examined. Different case studies can be studied in order to get a clear picture of these phenomenon.

Suggested Readings:

  • Abiola, J., & Asiweh, M. (2012). Impact of tax administration on government revenue in a developing economy-a case study of Nigeria. International Journal of Business and Social Science3(8).
  • Williams, E., & Leachman, M. (2017). States can adopt or expand earned income tax credits to build a stronger future economy. Center on Budget and Policy Priorities, updated February8.

6. Cryptocurrencies and their role in shaping the future of money.

Cryptocurrencies have a recent phenomenon in the world of money and finance. The technology of block-chain used also needs to be explained in this dissertation along with the benefits it can have on the smoothening of transactions. The acceptability of using bitcoins in some economies, such as Japan, is also studied. The threats of this technology and how this peer-to-peer network can overshadow every existing ledger distribution technology. The absence of money trail, as well as regulations, can also prove to be a concern for economies around the world. Some recommendations regarding how to make it more inclusive and acceptable in different countries are also given.

Suggested Readings:

  • Nykänen, J. I., Ituarte, I. F., Larnemaa, A., & Blyth, P. L. Messianic Visions or Path to Technocorruption: Are Cryptocurrencies a Root of All Evil or Future Wealth of Nations?. Digitalization, 39.
  • Alcorn, T., Eagle, A., & Sherbondy, E. (2014). Legitimizing Bitcoin: Policy Recommendations. MIT 6.805/STS085/STS487: Foundations of Information Policy.

7. The lending in banking sectors are impacted by various fiscal policies of the government.

The lending nature of the bank is one of its primary services and one of the oldest ones also. The lending rates of banks are analysed in this dissertation and how they change. The various factors that come into play in setting up this lending rates are also examined. The concepts of quantitative easing and tight fiscal policies are also studied thoroughly. The independence of banking regulation by the central bank and government interference is also investigated in this regard. The political and social scenarios of a country that impacts its bank lending are also analysed.

Suggested Readings:

  • Gertler, M., Kiyotaki, N., & Queralto, A. (2012). Financial crises, bank risk exposure and government financial policy. Journal of Monetary Economics59, S17-S34.
  • Goodhart, C. A. E. (2011). The changing role of central banks. Financial History Review18(2), 135-154.

8. Relevancy of World Bank and IMF in the present world economy: Rise of NDB and AIIB.

The Bretton Woods organisation was the need of the hour after the second world war. However, its role in present economy can be analysed through this paper. The Washington consensus has marred the developmental function of these organisation to a great extent, which is also a point of consideration. Moreover, the rise in NDB and AIIB has shifted the economic hegemony of the USA to Asia and relevant literature related to it is studied to find its impact on geo-economics. The recommendation on the reform of Bretton Woods Institution and to make it more inclusive in relation to Asia is thoroughly examined.

Suggested Readings:

  • Reisen, H. (2015). Will the AIIB and the NDB help reform multilateral development banking?. Global Policy6(3), 297-304.
  • Reisen, H. (2015). Alternative multilateral development banks and global financial governance. Vestnik mezhdunarodnykh organizatsii: obrazovanie, nauka, novaya ekonomika= International Organisations Research Journal10(2), 106-118.

9. Analyse the relation between economic inequality and economic growth: Critique of trickle-down theory.

This dissertation topic gives a detail idea about economic inequality prevalent in most societies and how is it related to economic growth. The trickle-down theory, which was initially propagated by most economists must also be looked into, thereby, gauging its effectiveness. The criticism of this theory led to the concept of inclusive development. While examining income inequality the use of Gini-coefficient is done along with the Lorenz’s Curve. Moreover, while examining these parameter of growth and inequality, credible literature and reports must be sourced such World Bank, UN etc. Further, recommendation need to be made regarding the inclusion of poor in the mainstream economic development.

Suggested Readings:

  • Cingano, F. (2014). Trends in income inequality and its impact on economic growth.
  • Ostry, M. J. D., Berg, M. A., & Tsangarides, M. C. G. (2014). Redistribution, inequality, and growth. International Monetary Fund.

10. Critically analysing the oligopoly of international Credit Rating Agencies.

The Big-three Credit Rating Agencies (CRA) – Filtch, S&P and Moody’s are thoroughly studied while writing this dissertation. The parameters used for rating are very complex and requires in-depth analysis. The influence that these agencies command over various countries is an important aspect of study. The flexibility in standards followed by these agencies is also examined and how this impacts the growth of an economy. The role of other credit rating agencies, especially regional and country-based, should be considered while conducting research on this dissertation topic. Recommendations given in this regard must be also centred around the sovereign credit ratings and its impact.

Suggested Readings:

  • Eijffinger, S. C. (2012). Rating agencies: Role and influence of their sovereign credit risk assessment in the eurozone. JCMS: Journal of Common Market Studies50(6), 912-921.
  • Sinclair, T. J. (2014). The new masters of capital: American bond rating agencies and the politics of creditworthiness. Cornell University Press.