Archive for the ‘Bleeding Heart’ Category


Do interest rates matter in India?

In India, lower interest rates are surely no magic wand. Joseph Stiglitz and Larry Summers may not be on the same page on many matters these days. However, on the...

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Indian financial code: real risk of financial capture

The biggest risk that the draft financial code poses to Indian economic and financial stability is that it vests tremendous powers in the executive branch of the...

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The ‘Troika’ goal is not Grexit from EMU but Syrexit from Greece

Unless timely financial assistance is forthcoming, Greece will default on its payment and this might trigger a process of reactions and actions . In January, Greece...

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Stack Of Cash

The incredibly myopic fund

Prosperity has dulled the appetite for the heavy-lifting and pain-bearing required to restore sustainable economic growth in the world. It was an eventful week for...

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China currency devaluation – matter of when and not if

India is not ready to step in as China’s economic engine stutters and stops. In October 2014, the Takshashila Institution published a discussion document on the...

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Lessons from the AIIB saga

The AIIB saga is an evolving story and hence the lessons too will keep evolving. The story of how Britain, overruling objections from the United States, announced...

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What is the defining legacy of the Indian budget 2015-16?

Examining the budget for its revenue and expenditure projections and other announcements. Analysing and Indian budget is a tricky job. At its core, it is a statement...

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ECB launches (or joins) World War III

The European Central Bank has rung the bell on the last act for both paper currencies and for modern central banks. ON 22 January, Mario Draghi, the President of...

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An epitaph for central banking

The world needs to be prepared for the possibility that from 2015 onwards, global growth disappoints and asset markets become increasingly volatile as a prelude...

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Modinomics and not Reaganomics

India needs contextual and not ideological policy-making. This piece is not a review of Professor Ha-Joon Chang’s book, 23 things they don’t tell you about capitalism....

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