National Conference on Financial System Reforms and Economic Growth: Issues & Challenges


Venue: LBSIM, New Delhi
Date: 26-27 February, 2016


CALL FOR PAPERS

A financial system is that part of economy, which includes all the financial institutions and markets involved in—moving savings from savers (households & firms) to borrowers; and transferring, sharing and insuring risks.

The significance of financial system can be understood only after studying the constituents of the economy who participate in the system in order to derive its benefits.

The economic development of a nation is reflected by the progress of the various economic units, broadly classified into corporate sector, government and household sector. While performing their activities, these units can be placed in a surplus/deficit/balanced budgetary situations. There are organisations or people with surplus funds and there are those with a deficit. A financial system or financial sector functions as an intermediary and facilitates the flow of funds from surplus to deficit constituency of economy.

Financial system acts as such a channel, which allows funds to move from people, who lack productive investment opportunities (i.e. savers) to those who have such opportunities. By doing so the financial system contributes to higher production and efficiency in the economy. It also improves the well-being of consumers by providing them with right opportunities at a right time.
Financial systems reforms can have an effect on economic growth through increase in capital capital accumulation (both physical and human) and fostering rapid technological innovation.

Reforms in financial systems lower the cost of channelling funds between borrowers and lenders, by reducing information and transaction costs. A decline in the cost of accessing finance frees up resources for other uses, including consumption, investment and capital accumulation. They can also alter individuals’ and households’ saving decisions by making longer term investments more attractive. If financial intermediaries and markets are unable to convince savers of the soundness of the investment projects that they are planning on funding, savers may choose to consume rather than save or place their savings in other less productive forms. Reforms can improve financial intermediation which in turn affects capital accumulation by reallocating funds to their most productive uses, which raises the rate of return to saving. Increases in capital accumulation can lead to a permanent increase in the long-run rate of economic growth if it has spill-over effects to other factors of production and/or productivity.

Indian financial sector over the last decade has been transformed into a reasonably sophisticated, diverse and resilient system. Reforms in the Indian financial system have marked the end of extensive well sequenced and coordinated policy measures aimed at making the Indian financial system efficient, competitive and stable. The main objectives, of the financial sector reform process in India initiated in the early 1990s have been to:

• Remove financial repression that existed earlier.

• Create an efficient, productive and profitable financial system.

• Enable price discovery, particularly, by the market determination of interest rates that helps in efficient allocation of resources.

• Provide operational and functional autonomy to institutions.

• Prepare the financial system to respond to global financial challenges.

• Open the external sector in a gradual way.

• Promote and maintain financial stability and financial inclusion.

As a result of the reform process, the focus of academic research concerning reforms in Indian Financial System has changed considerably during the past few years. The conference is aimed at providing a common platform to academicians, practitioners and policy makers to interact and share their experiences and research findings.



The conference invites unpublished and original research papers on following themes:

Indian Financial System:
Sub Themes
 Financing Make in India
 Financing Start-ups/ New Ventures
 Debt Market
 Equity Market
 Derivative Markets
 Asset Pricing & Valuation
 Financial Risk Management
 Enterprise Risk Management
 Mutual Funds
 Financial System reforms in Emerging Economies
 Infrastructure Finance
 Innovations in International Finance
 Foreign Exchange Markets
 International Trade Finance
 Goods and Services Tax
 Banking Sector Reforms
 Life Insurance Sector Reforms
 Medical Health Insurance Reforms
 General Insurance Reforms
 Pension Fund Reforms
 Commodity Market Regulations & Reforms
 Accounting Reforms & IFRS Compliance in India

Economic Reforms in Indian Financial System:
Reforms in Banking sector, Government securities market, Debt Market Equity Markets and Forex Markets

Impact of Economic reforms on growth of Indian Financial System


Submission Guidelines

• Abstract of about 200 words with four keywords and JEL Classification should be sent to conference2016.lbsim@gmail.com
• The final paper should be submitted in electronic format (MS Word / PDF format) at conference2016.lbsim@gmail.com/ conference.lbsim.2016@gmail.com. The guideline for manuscript is given in Appendix to this call for papers. Papers previously published or currently under review by other publications need not be submitted.
• All submissions are subject to double blind review process.
• Contributions should be restricted to one paper per individual as the first author.
• The accepted papers will be considered for publication in an Edited Book with ISBN number /LBS Journal of Management Research. Papers of previous conference were published in an Edited book published by Mc Graw Hill International (2015).

Important Dates to Remember

Submission of Abstract : 31st December, 2015
Submission of Full Paper : 15th January, 2016
Intimation of Acceptance of Paper : 20th January, 2016
Conference Date : 26th-27th February, 2016


ABOUT LBSIM

Lal Bahadur Shastri Institute of Management (LBSIM), Delhi, is a premier and dynamic Institute in management and information technology education. It was established by Lal Bahadur Shastri Educational Society in Delhi. Over the years it has emerged as one of the premier Institutes in the country, imparting value based management and information technology education. The Institute aims at developing centre for excellence in management and information technology education, training, research & consultancy and to create a new class of managers in tune with the needs of the highly competitive global environment. It has widespread support of corporate world, both at national and international level. The ethics, values and principles of Shastriji have been a constant guiding light that has given direction to the growth of the institute. Thus, developing professionals with a humane and pragmatic approach, the essence of which lies in team work. The Institute is fully air-conditioned and is surrounded by natural environment.

Lal Bahadur Shastri National Award: Lal Bahadur Shastri National Award for Excellence in Public Administration, Academics and Management was instituted by LBSIM. The honor carries a cash award of Rs. Five Lakh, a Citation, and a plaque. The Awardees are designated as Lal Bahadur Shastri Fellows and their names are inscribed on the roll of honor of the Institute. The Award is conferred every year by the President of India at the Rashtrapati Bhavan. Recipients of Award have been:

• Dr. C. K. Prahalad –2000 • Shri Sam Pitroda – 2001 • Shri N. R. Narayana Murthy – 2002 • Dr. R. A. Mashelkar – 2003 • Smt. Ela Ramesh Bhatt – 2004 • Dr. C. P. Srivastava – 2005 • Dr. NareshTrehan – 2006 • Dr. A. S. Pillai – 2014.






Communications should be sent to

The Conference Convener,
National Conference on Indian Financial System Reforms& Economic Growth: Emerging Issues
Lal Bahadur Shastri Institute of Management
Plot No. 11/7, Sector-11,
Dwarka, New Delhi-110075
Ph. 011-25307700, 25307754

Patron : Prof. Dr. Arya Kumar, Director LBSIM
Conference Chair : Dr. G.L.Sharma, Advisor, LBSIM
Conference Convener : Dr. Alok Pandey, Professor (Finance) , LBSIM
Conference Jt. Convener: Dr. Monika Chopra, Dr. Anuj Verma, Dr. Pankaj Varshney,
Dr. Vishakha Bansal


Registration Fee

Conference Fee: Rs 2000/- (Non Residential)

Cheque / DD favoring Management Grid-LBSIM, payable at New Delhi along with duly completed Registration Form, should be sent to the Conference Convener by

Accommodation

• Outstation delegates will arrange accommodation for themselves. We may help them in finding good accommodation in the nearby areas.


Best Paper Award

• 3 Best Paper Awards of Rs. 10,000/-, Rs. 5,000/- and Rs. 3,000/- will be given along with certificates and shield.










Appendix
Guidelines for Authors


Before making manuscript submission, authors must agree that the manuscript is not under review in any other journal or conference, and will not be submitted to another publication entity during the review period. Authors must also confirm that the manuscript, as submitted, has not been previously published and presented in any conference and/or journal.
Publication Decision
The conference committee reserves the right to ask the authors to condense longer papers and/or improve the quality of the writing before they are formally sent for a double-blind review. Manuscripts that are not adhering to the guidelines and are found to be insufficiently developed may be rejected without any formal review. The author must ensure that it is complete, grammatically correct and without spelling or typographical errors. The manuscript would be reviewed on the “double blind” system, whereby the names of contributors and reference are not revealed to each other.
Manuscript Guidelines
A softcopy and hardcopy of the manuscript is to be prepared and submitted. Only the title page (see below) would have author’s details and affiliation/acknowledgement; the main document should not have any details of the author. The authors are expected to prepare the manuscript using the following guidelines:


1. All files should be submitted as a Word document(Windows 2010, .Docx file), font style should be Times New Roman; font size of 12, one inch margin on all sides and double line spacing to be maintained throughout. No header should be there in the entire manuscript. Only a footer(centrally aligned) with page number should be there. Manuscript should be between 4000 - 6000 words in length. An abstract of not more than 250 words(including keywords and article classification) should be included in the title page as given below:
A Title Page should be submitted which should include:
1. Article Title
2. Author Details:
1) Full name of each author
2) Affiliation of each author
3) Where more than one author has contributed to the article, details of who should be
contacted for correspondence
4) Brief professional biography of 40-60 words of each author.
1. Acknowledgements
2. Structured Abstract:
Purpose (mandatory)
Design/methodology/approach (mandatory)
Findings (mandatory)
Research limitations/implications (if applicable)
Practical implications (if applicable)
Social/managerial implications (if applicable)
Originality/value (mandatory)
.
Keywords - Please provide up to 5 keywords on the Title Page, which encapsulate the principal topics of the paper.

1. Headings must be concise, with a clear indication of the distinction between the hierarchies of headings. The preferred format is for first level headings to be presented in bold format (font size 12 only) and subsequent sub-headings to be presented in medium italics.
2. Notes or Endnotes should be used only if absolutely necessary and must be identified in the text by consecutive numbers, enclosed in square brackets and listed at the end of the article.
3. All Figures (charts, diagrams, line drawings, web pages/screenshots, and photographic images) should be submitted in a separate sheet. All Figures should be legible and numbered with Arabic numerals.
4. Tables should be typed and included in a separate file to the main body of the manuscript. The position of each table should be clearly labeled in the body text of manuscript with corresponding labels being clearly shown in the separate file. Below is an example:

( Insert Table IV here)

5. References to other publications must be in Harvard style and carefully checked for completeness, accuracy and consistency. .

Publications in the text should be cited as: (Author, year) using the first named author's name or (Author 1, author 2, Year) citing names of two, or (Author et al., year), when there are three or more authors. At the end of the text a reference list in alphabetical order should be supplied:

For books: Surname, Initials (year), Title of Book, Publisher, Place of publication.

For book chapters: Surname, Initials (year), "Chapter title", Editor's Surname, Initials, Title
of Book, Publisher, Place of publication, pages.

For journals Surname, Initials (year), "Title of article", Journal Name, volume, number, pages.

For published conference proceedings Surname, Initials (year of publication), "Title of paper",
Surname, Initials (Ed.), Title of published proceeding which may include place and date(s)
held, Publisher, Place of publication, Page numbers.


For unpublished conference proceedings Surname, Initials (year), "Title of paper", paper
presented at Name of Conference, date of conference, place of conference, available at: URL if
freely available on the internet (accessed date).


For working papers Surname, Initials (year), "Title of article", working paper [number if
available], Institution or organization, Place of organization, date.

For newspaper articles (authored) Surname, Initials (year), "Article title", Newspaper, date,
pages.

For newspaper articles (non-authored) Newspaper (year), "Article title", date, pages.

For electronic sources If available online, the full URL should be supplied at the end of the
reference, as well as a date that the resource was accessed.

Standalone URLs, i.e. without an author or date, should be included either within
parentheses within the main text, or preferably set as a note (roman numeral within square
• brackets within text followed by the full URL address at the end of the paper)