A V Rajwade
 "A V Rajwade")
A V Rajwade
Page 3 - A V Rajwade
A V Rajwade: The global political economy
Political developments in several countries will have an impact on individual economies and the world at large
A V Rajwade: The global monetary non-system
Monetary transmission of unconventional monetary policies can be curbed through controls on capital flows
A V Rajwade: Recapitalising public sector banks
Privatisation or consolidation into half a dozen large banks might not rescue public sector banks from the crisis they find themselves in
A V Rajwade: Some end-of-the-year thoughts
The financial economy will continue to be the master of the real economy
A V Rajwade: A week after the Fed rate rise
Bringing inflation, interest rates and the size of the Fed's balance sheet to normal levels is a complex task
A V Rajwade: The end of the 2007-08 crisis?
Economists warn of the impact that a Fed rate rise could have on emerging economies
A V Rajwade: The yuan's long march
Its inclusion in the basket has more symbolic significance than practical implications, but it now becomes a recognised reserve currency
A V Rajwade: The economics of trade
We are far away from a competitive exchange rate, which is essential to recapture the domestic market for manufactured goods and commodities
A V Rajwade: Efficient markets and exchange rates
The real causes underlying the dollar's appreciation are two speculative strategies: momentum trading against the euro and the yen, and reversal of carry trades
A V Rajwade: Power and morality
The adage about absolute power corrupting absolutely is perhaps truer for money power
A V Rajwade: Rethinking banking regulation
We need to look at the acceptance of deposits for lending as a tightly regulated public utility, which is essential for the economy but has limited profitability
A V Rajwade: Basel III - A progress report
Complex models are used to measure major risks for banks. We may need a qualitative approach too
A V Rajwade: Emerging market economies and capital flows
These economies may undergo net capital outflow of up to $500 bn, which has implications for their exchange rates
A V Rajwade:: Monetary transmission, base rates and ALM
The transmission of monetary policy signals to the real economy has been poor in recent years even in the advanced industrial economies despite the sophistication of their financial markets
A V Rajwade: Unhedged foreign currency exposures
Most Asian emerging economies have excess savings; the rich countries, particularly the US and the UK, incur external deficits year after year
A V Rajwade: A bug in the system
Market-determined rates often lead to exchange rate misalignments
A V Rajwade: A 'bulletproof' balance sheet?
Considering that net portfolio flows have been negative over the last couple of months & reserves have fallen, the 'bulletproof' balance sheet may not be up to a stress test
What the devaluation of the yuan really says
Indian policymakers ignore the fact that the rupee is artificially supported whereas the IMF has welcome China's market-determined devaluation
 "What the devaluation of the yuan really says")
Risk-free returns or return-free risks?
If the recent market turbulence originated in the sharp correction in Chinese equity prices and the devaluation of the yuan, could the next one be triggered by bond market mutual funds suspending rede
What powers should the Monetary Policy Committee have?
A single-point agenda for the central bank, as advocated in the Rajan Committee Report, is not a realistic proposition in today's political economy
