Ajay Shah
 "Ajay Shah")
Ajay Shah
Page 8 - Ajay Shah
Outlook for the next six months
Three difficulties - global/local macro conditions, credit stress, and uncertainty - will weigh upon the January-June period, and result in relatively sombre outcomes
 "Outlook for the next six months")
Foundations for health policy
A key input is networks of health care providers that offer comprehensive care to individuals
 "Foundations for health policy")
Rupee's depreciation: Why it makes sense not to sit back and do nothing yet
Defending the currency would require increasing interest rates, which might harm growth
 "Rupee's depreciation: Why it makes sense not to sit back and do nothing yet")
The way forward for state-run banks
A more formulaic approach will work better for them, and this has been part of the organisational DNA of the best PSBs in the past
 "The way forward for state-run banks")
Budget 2018: Hoping for a gap between the populist rhetoric and reality
Population-scale welfare programmes are extremely dangerous in the magnitude of expenditures involved
 "Budget 2018: Hoping for a gap between the populist rhetoric and reality")
Mutual funds with feet of clay
The magic of mutual funds lies in their having transparent and liquid assets. However, this edifice stands on top of secondary market trading
 "Mutual funds with feet of clay")
How can we deter crime?
Increasing the headcount in the police and the judiciary is an answer, but its opportunity cost needs to be worked out
 "How can we deter crime?")
Principles to guide bank bailouts
Without bringing sound governance and technical capabilities into the RBI's work, injecting new money sets the stage for a next wave of bad behaviour by banks
 "Principles to guide bank bailouts")
A great churning
Reforms are needed to pave the way for the exit of weak firms so that labour and capital can move to healthy ones
 "A great churning")
Firms are fearful as uncertainty goes up
We run risk of 2017-19 being consumed by GST just as 2016-17 suffered on account of demonetisation
 "Firms are fearful as uncertainty goes up")
The task of the MoF
The most important problem of the Indian economy is the retreat of private investment
 "The task of the MoF")
Does the ordinance solve the banking crisis?
The biggest threat in banking regulation is the pressure within the RBI to hide bad news at banks
 "Does the ordinance solve the banking crisis?")
Why FRBM failed
Fiscal responsibility legislation that does not constrain the Budget process is irrelevant
 "Why FRBM failed")
How can ARCs help solve the banking crisis?
For an ARC to make sense, it must be a simple private equity fund
 "How can ARCs help solve the banking crisis?")
Ajay Shah: Note ban's impact in 2017
Everyone is trying to survive the storm but some will falter
 "Ajay Shah: Note ban's impact in 2017")
What's the meaning of a 250% change, SA annualised?
How much did exports change in the month of Nov? Here are the steps through this must be computed
Ajay Shah: A bad time for a crisis
India got a business cycle downturn in 2012. With demonetisation and weak global conditions, the difficulties have deepened
Ajay Shah: How to make digital payments work
Tech companies should be given membership of the Reserve Bank's RTGS system, which should be operational 24x7
 "Ajay Shah: How to make digital payments work")
Ajay Shah: A monetary economics view of the demonetisation
Money is the lubricant of the economy; a shock to the money supply disrupts the economy and could lead to recession
Ajay Shah: From despots to institutions
Reliable performance over the long term requires shifting focus from individuals to institutions
 "Ajay Shah: From despots to institutions")
