FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W347877993> ?p ?o ?g. }

• W347877993 startingPage "159" @default.
• W347877993 abstract "Financial Intermediation in a Less Developed Economy: History of the United Bank of India By Indrajit Mallick and Sugata Marjit Sage Publications, New Delhi, 2008; Pages: 274; Price: Rs. 795 ISBN: 978-0-7619-3656-5 At the outset, I would like to caution the readers that for this book one should try to understand the intention of the authors only by reading the complete title Financial Intermediation in a Less Developed Economy: History of the United Bank of India, otherwise there is every possibility to think that it is financial intermediation in the country, although the authors delve with the basic queries of the nature of banking and the characteristics of financial intermediation and the need for a robust financial system in the process of financial intermediation and the relationship with economic growth and development. authors have used the case of United Bank of India (UBI) and observed that the theoretical framework is inadequate in many respects to answer the important institutional questions and can be delved extensively only through a proper historical investigation. entire book consists of seven chapters, apart from the introduction, where the authors present the arguments of eminent scholars in the area like Allen, Gale, Gurley, McKinnon, Miller, Schumpeter, Kunt,' Levine, Greenhood, Robinson, Keynes, Goldsmith, etc. and observed that the financial system in general and banking in particular play a crucial and critical role in the process of economic development. translates economic growth into costly useful financial innovation - leading to risk sharing, liquidity and the return on capital ultimately achieving the economic growth. To present the state of Bengal as a case for discussion in terms of less developed economy, the authors narrate the status of banks in Bengal. They observe that the banks could contribute to the economic development of small peasants, artisans, traders, transport operators, etc., in the post-nationalization era and on the other hand, industrial sickness in the key sectors like jute, tea and heavy engineering, poor performance of agriculture and outflow of capital in Bengal brought about the labot unions, etc., robbed the chances of banks to earn a higher return on assets. In the first chapter, The Roots, the authors discuss the socio-economic background of banking in the state of Bengal and observe that the stringency and inelasticity of money and credit supply of the colonial money system continued to exist in the system in Bengal. growth and expansion of financial institutions was hurdled with the diversion of funds towards the two world wars and also the basic nature of money being fiat. Discussing the history of banking in Bengal, the authors perceive that the uncertainty of currency, disrupted credit networks and colonial legislation, did not allow the banks in Bengal to grow and as well lead to failures. authors then discuss the growth and development of Bengal Central Bank Ltd., Comilla Corporation Ltd., and New Standard Bank which acted as the roots in the process of formation of United Bank of India, along with a brief discussion of financial entrepreneurs and the socio-economic factors influencing the formation and growth of the above banks. In the second chapter, Banking Crisis and the Metger, the authors discuss the legal environment of banking and the changes made by the different acts to define banking in India, followed by the Crisis and the reasons substantiating the crisis. authors believe that the Second World War and the Bengal Agricultural Debtor's Act, lowering the loan amount to half without interest, have put the banks in an unstable position. And, also feel that in the first half of the 20th century, Bengal faced enormous macroeconomic risks which were unhedged. authors also observe that the banking system could not smooth out the inter- temporal risks through accumulation of reserves and good capital base sufficiently, due to their involvement in lending for the assets in the boom time arising out of speculation. …" @default.
• W347877993 created "2016-06-24" @default.
• W347877993 creator A5028294598 @default.
• W347877993 date "2011-01-01" @default.
• W347877993 modified "2023-09-23" @default.
• W347877993 title "Financial Intermediation in a Less Developed Economy: The History of the United Bank of India" @default.
• W347877993 hasPublicationYear "2011" @default.
• W347877993 type Work @default.
• W347877993 sameAs 347877993 @default.
• W347877993 citedByCount "0" @default.
• W347877993 crossrefType "journal-article" @default.
• W347877993 hasAuthorship W347877993A5028294598 @default.
• W347877993 hasConcept C10138342 @default.
• W347877993 hasConcept C126285488 @default.
• W347877993 hasConcept C136264566 @default.
• W347877993 hasConcept C162324750 @default.
• W347877993 hasConcept C183582576 @default.
• W347877993 hasConcept C2776736093 @default.
• W347877993 hasConcept C2779143981 @default.
• W347877993 hasConcept C2992735868 @default.
• W347877993 hasConcept C556758197 @default.
• W347877993 hasConcept C65146658 @default.
• W347877993 hasConcept C73283319 @default.
• W347877993 hasConceptScore W347877993C10138342 @default.
• W347877993 hasConceptScore W347877993C126285488 @default.
• W347877993 hasConceptScore W347877993C136264566 @default.
• W347877993 hasConceptScore W347877993C162324750 @default.
• W347877993 hasConceptScore W347877993C183582576 @default.
• W347877993 hasConceptScore W347877993C2776736093 @default.
• W347877993 hasConceptScore W347877993C2779143981 @default.
• W347877993 hasConceptScore W347877993C2992735868 @default.
• W347877993 hasConceptScore W347877993C556758197 @default.
• W347877993 hasConceptScore W347877993C65146658 @default.
• W347877993 hasConceptScore W347877993C73283319 @default.
• W347877993 hasIssue "1" @default.
• W347877993 hasLocation W3478779931 @default.
• W347877993 hasOpenAccess W347877993 @default.
• W347877993 hasPrimaryLocation W3478779931 @default.
• W347877993 hasRelatedWork W1528526131 @default.
• W347877993 hasRelatedWork W1974410775 @default.
• W347877993 hasRelatedWork W2120019953 @default.
• W347877993 hasRelatedWork W2144150443 @default.
• W347877993 hasRelatedWork W2513342022 @default.
• W347877993 hasRelatedWork W2631204750 @default.
• W347877993 hasRelatedWork W2767850469 @default.
• W347877993 hasRelatedWork W2938679039 @default.
• W347877993 hasRelatedWork W3005693309 @default.
• W347877993 hasRelatedWork W3009929941 @default.
• W347877993 hasRelatedWork W3118289351 @default.
• W347877993 hasRelatedWork W3122201776 @default.
• W347877993 hasRelatedWork W3122652936 @default.
• W347877993 hasRelatedWork W3123813706 @default.
• W347877993 hasRelatedWork W3147083896 @default.
• W347877993 hasRelatedWork W3196900622 @default.
• W347877993 hasRelatedWork W3201087773 @default.
• W347877993 hasRelatedWork W77309821 @default.
• W347877993 hasRelatedWork W2734335382 @default.
• W347877993 hasRelatedWork W3034245517 @default.
• W347877993 hasVolume "18" @default.
• W347877993 isParatext "false" @default.
• W347877993 isRetracted "false" @default.
• W347877993 magId "347877993" @default.
• W347877993 workType "article" @default.