The Reserve Bank of India Occasional Papers (RBIOP) is the official research journal
of the Reserve Bank of India, which provides a forum for publication of research
work done by the RBI Staff, independently and/or in collaboration with independent
researchers outside the Bank. The journal is dedicated to publishing peer-reviewed,
high-quality, analytical and empirical research work on a broad range of issues
of interest to a large audience, including policymakers and academics. The journal
is published bi-annually, both in print and online form, as an open-access journal
on the Bank’s website.
The views expressed in the articles and book reviews published in this Journal are
those of the authors and do not reflect the views of the Editorial Committee or
of the Reserve Bank of India. Moreover, the responsibility for the accuracy of the
statement contained in the contributions rests with the author(s).
Advisory Board
N. R. Bhanumurthy, National Institute of Public Finance and Policy,New Delhi
Varadarajan V. Chari, University of Minnesota, USA
Pami Dua, Delhi School of Economics, New Delhi
Chetan Ghate, Indian Statistical Institute, New Delhi
Kenneth Kletzer, University of California Santa Cruz, USA
Pravin Krishna, Johns Hopkins University, USA
Pulin B. Nayak, Delhi School of Economics, New Delhi
Santosh C. Panda, South Asian University, New Delhi
Rajesh Singh, Iowa State University, USA
Editor
Pallavi Chavan, Reserve Bank of India
Associate Editors:
Atri Mukherjee, Reserve Bank of India
Binod B. Bhoi, Reserve Bank of India
Joice John, Reserve Bank of India
Archana Dilip, Reserve Bank of India
Editorial Secretariat:
S. Chinngaihlian, Reserve Bank of India
Akanksha Handa, Reserve Bank of India
Priyanka Upreti, Reserve Bank of India
Tista Tiwari, Reserve Bank of India
Paritosh Jha, Reserve Bank of India
The print copy is available for sale at the Sales and Distribution Division, Department
of Corporate Services, Reserve Bank of India, Amar Building, Ground Floor, Sir P.
M. Road, Fort, P.B. No. 1036, Mumbai - 400 001. The contact no. of Sales Section
is 022-2260 3000 Extn.: 4002, email
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Price :
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Inland :
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₹ 200
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₹ 250 (inclusive of postage)
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Foreign :
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US $ 18 (inclusive of air mail courier charges)
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All other correspondence may be addressed to the Editorial Team, Reserve Bank of
India Occasional Papers, Department of Economic and Policy Research, Reserve Bank
of India, Post Box No. 1036, Mumbai - 400 001; email
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