Good corporate governance involves ensuring that each share gets the same benefits. There are three zones of interest. In Zone-I,…
The US Fed had dropped interest rates to roughly zero. The real importance of the recent announcements is two- fold.
Volatility. Crash. Recession. Bailout. The terms acquired a whole new poignancy for the battered global markets, and everyone connected therein
All recent data notwithstanding, the outlook for India?s current account, Ajay Shah points out, is relatively benign. Currency movements favour…
In good countries, democracies respond to events, and are able to reshape the State in response to challenges. The question…
Everybody loves to have government spend more. In the environment of an impending downturn, pleas for government spending on infrastructure…
There is a lot of focus in India on the rupee dollar rate and on RBI?s foreign exchange reserves, as…
The global financial crisis reached a new stage on September 15 with the death of Lehman Brothers. On this day,…
When markets fall, it is popular to demand the heads of the short sellers. A short seller is someone who…
Many people in India feel that we are mostly cut off from the world and that the dreadful events of…
Government initiative in solving the problem is justified. Once a financial panic starts, only government intervention can solve it. Once…
In recent years, extravagrant claims were made about the non-transparency of PNs, about income tax evasion caused by PNs, the…
Derivatives markets are very big. When a firm has very large OTC derivatives positions, this can generate systemic risk. There…
Anti-globalisation demonstrators will periodically trash McDonald?s outlets. But our ?second globalisation? has better foundations than the first.
The government is to be commended for having got the right institutional structure: exchange-traded currency derivatives have been squarely placed…
RBI is on the right track in raising rates in combating inflation. But monetary policy has made numerous mistakes in…
In contrast with currencies, commodities and bonds, the markets are deeply flawed. Indian finance is an airplane running on one…
Monetary policy in mature market economies is about anticipating inflation and changing interest rates to respond to future inflation shocks.…
