The Indian National Interest Review
Investor attitude means that the next financial crisis could be worse than 2007-09 in some ways. Things are moving fast on the world political stage. Now, Islamic insurgents are threatening… Continue reading "Investors continue to whistle in the dark"
Higher education is neither a necessary condition nor a sufficient condition for good governance. As I scoured through the Twitter pages of some well-known journalists and social activists on 27… Continue reading "In defence of Ms Smriti Irani"
The Federal Reserve is once again ignoring pervasive signs of financial instability that are widely visible. Daniel Kahneman, Nobel Laureate and famous author of Thinking Fast and Slow turned 80… Continue reading "Hard-wired to extinction"
It may take another international financial crisis for a more balanced approach at the IMF towards liberal capital flows and capital-flows management. “If there is little way for countries across… Continue reading "Emerging economies and capital flows – the poisoned chalice"
Nelson Mandela’s greatness was in his absence of bitterness and the lack of interest in the trappings of office. Spending 10 days in Africa, out of which seven were in Cape… Continue reading "The universal deficit"
In the three critical areas, China’s new reform package has been remarkably brief and vague. Too much paeans have been sung in praise of the Chinese government’s new reform initiatives… Continue reading "China reforms – too little, too late"
Fiscal deficits, fiscal dominance and the resultant financial repression are the two principal factors behind India’s current economic malaise. In the last week of August, the Government of India announced… Continue reading "It is the fiscal policy, stupid"
It is unclear as to which objective of RBI has been achieved with its recent announcements. The title of this article is not just about RBI’s bizarre announcement three days ago (Tuesday,… Continue reading "Confusion reigns"
RBI is helping the rest of India grasp all that has gone wrong with the economy and the country in the last several years and thus begin to journey on… Continue reading "Rescuing the rupee – getting facts straight"
Why did Reserve Bank of India’s measures in 1998 work? How do they compare with the current set of measures? I had finished writing my last MINT column on Sunday… Continue reading "January 1998 and July 2013 – what is the difference?"