Convergence and Developmental Aspects of Credit Allocations in BRICS Nations Theoretical and Empirical Inquiries

Introduction

RAMESH CHANDRA DAS

PART I: Growth and Convergence Aspects of Financial Instruments in the BRICS Nations

1 New Development Bank: How It Is New?

ANUP KUMAR SAHA AND SREELATA BISWAS

2 Convergence of Banking Expansion in BRICS Countries: An Empirical Study

DEBABRATA MUKHOPADHYAY AND DIPANKAR DAS

3 Convergence Analysis of Monetary Sector’s Credits in BRICS Nations

NILENDU CHATTERJEE AND TONMOY CHATTERJEE

4 The New Development Bank for BRICS: Convergence of Emerging Economies for Development Cooperation

DEBASISH NANDY AND ALIK NAHA

5 Quality of Bank Credit and Its Implications for Sustainable Growth: A Macro-Theoretic Introspection with Reference to BRICS Nations

MAINAK BHATTACHARJEE AND SHARMI SEN

6 Newly Created Contingency Reserve for Pursuit of Smoother Trade: Evidence from BRICS

ASHU TIWARI AND PROMILA DAS

7 Role of Domestic Credit vis-à-vis Foreign Credit on BRICS Countries’ GDP and Export Growth

SUDIPTA JHA

8 Inter-connections between the Financial Sector and the Real Sector: A New Empirical Investigation for BRICS Nations

IMRAN HUSSAIN, ALOKA NAYAK, AND RAMESH CHANDRA DAS

9 Remittances and Its Impact on the Extension of Credit by Banks: A Panel Evidence from BRICS Countries

UJJAL PROTIM DUTTA

10 Time and Growth Rate Required for the BRICS to Converge within the Group as Well as to Catch up with G7 Countries

CHANDAN BANDYOPADHYAY AND SAPTARSHI CHAKRABORTY

11 The Nexus between Uncertainty and Credit Growth in BRICS Countries

MANH-TIEN BUI, THAI-HA LE, AND LAM TRUONG PHUONG DO

12 A Quadrangular Analysis of Exports, Imports, Economic Growth, and Exchange Rate in the Post-Liberalization Era: Evidence from BRICS

SOVIK MUKHERJEE AND RAHUL DATTA

13 Capital Inflow and Financial Status of the Indian Economy: An Empirical Analysis

NATASHA HAZARIKA, UJJAL PROTIM DUTTA, AND BRAJENDRA SAIKIA

PART II: Aspects of Sustainable Development in the BRICS Nations

14 Has Credit Growth Led to Inclusive Development in BRICS Countries? A Panel Data Analysis

SOMNATH CHATTOPADHYAY AND SUCHISMITA BOSE

15 Financial Inclusion, Digitalization, and Economic Development: Empirical Evidence from BRICS Countries

MADHABENDRA SINHA, ANJAN RAY CHAUDHURY, AND ARINDAM METIA

16 The Impact of Financial Development on Renewable Energy Investments for BRICS Countries

HASAN DINCER, SERHAT YÜKSEL, AND ÇAĞATAY ÇAĞLAYAN

17 Roles of Credits in BRICS Countries in Mitigating Climate Change and Supporting Sustainable Development and Economic Growth

EGEMEN SERTYESILISIK AND BEGUM SERTYESILISIK

18 Foreign Direct Investment, Economic Growth and the Environment: A Review of Environmental Degradation in BRICS

EZEBUILO R. UKWUEZE, HENRY T. ASOGWA, AND CHUKWUDI C. NWOKOLO

19 Inclusive Human Development and Economic Growth in BRICS: An Empirical Insight

DEVI PRASAD DASH

20 Good Governance for Inclusive Development: A Comparison of Bangladesh with the BRICS Member India

ABDULLAH-AL-MAMUN AND MD. SAIFULLAH AKON

21 BRICS through the Prism of New Delhi: A Cautious and Limited Engagement

RAJ KUMAR KOTHARI AND SIDDHARTHA SANKAR MANNA

22 The Present Scenario of BRICS: Economy, Expansion, and Challenges

DEBASISH NANDY AND MD. SHARIFUL ISLAM

23 Bank Credit, Community Participation and Inclusiveness: Evidences from Eastern India

NAVIN KUMAR RAJPAL AND SHARMILA TAMANG

Biography

Ramesh Chandra Das is Professor of Economics at Vidyasagar University, West Bengal, India. He has more than 25 years of teaching and research experience in different fields of economics consisting of theoretical and applied macroeconomics, financial economics, environmental economics, and political economics. He has contributed numerous research papers to journals and books and has edited and written more than a dozen books published by leading publishers.