The decoupling debate has never been so vigorous. On one hand, the ongoing recession has been unnervingly synchronised across real…
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It has proved to be an efficient and effective tool, with the central bank announcing the desired rate, banks following…
Sub-prime lending is a concept that began in the US in the mid- 1990s, as a means of profitably extending…
Asset prices are at the forefront of the current economic crisis. Housing prices in the US were on a steady…
By any metric of risk, levels of reserve holdings in emerging markets far exceed prudential levels. Yet, emerging markets across…
The real and financial implications of complex financial innovations is a topical issue. Exotic instruments and financing methodologies, combined with…
Discretionary fiscal policy can result in unsustainable and inequitable budget deficits and debt.
A credible central bank can loosen monetary policy without altering expectations of inflation.
In most emerging economies, the informal sector is crucial. Estimates put over 90% of India?s labour force in the informal…
Globally, countries hold over $6 trillion of assets in forex reserves. These are managed either by their central banks or…
Recent events in the financial world have seen various countries come up with bailout packages and blanket guarantees for loans.
The finance ministry?s report on government debt recommends a National Treasury Management Agency. RBI is to give up managing debt.…
Over the past few months, stock prices of real estate companies have fallen by almost 50% and interest rates on…
Gorton identifies the ABX.HE index as a key ?multiplier? of the impact of subprime defaults on liquidity. This index is…
