Dubai?s debt default underlines what has been apparent to careful Dubai-watchers for a while: that such an attempt at creating…
Big banks are a troublesome thing. The world faces some important questions on how to deal with them. There are…
When the Berlin Wall fell, 20 years back, Eastern Europe began a project of economic development akin to what we…
The recent speech by the RBI governor has some useful ingredients in financial reform. These small steps represent progress when…
In India, it is being claimed that the role and function of RBI, as it currently stands, is the right…
From 2005 onwards, the macroeconomists of the world were worried about a different crisis: the dollar crisis. The US was…
We should not be fixated on the dollar exchange rate of the rupee, for the greenback is not a fixed…
Reliance Infocomm and Bharti have both explored the possibility of a merger with MTN, the African telecom giant that is…
The starting point of modern thinking on monetary policy is the issue of central bank independence.
When the equity market works badly, there is poor disclosure about companies, so day-to-day changes in stock prices based on…
Seldom has an intellectual been as lucky as Ben Bernanke. He spent 23 years in an ivory tower, learning one…
The direct tax code is an outstanding piece of work in many respects. Long-standing distortions and inefficiencies have been addressed.…
When a problem is easy, it is okay to get by with a hastily patched-up solution. But when a problem…
Most of us found it hard to understand the 124 pages that RBI recently put out.
What should monetary policy do on July 28? If it is felt that the downturn is mostly over and the…
In India, many people use year-on-year changes of time-series in order to track the economy. This procedure has important weaknesses.
Twenty years back Budget speeches were decoupled from policy. Is that what FM is hinting at?
Discussions about governance in India repeatedly turn into discussions about individuals. The Delhi Metro happened because of E Sreedharan; Sebi…
