The Other Side
The future of the euro
Poll outcomes in France, Germany could have a bearing on the common currency
A V Rajwade: The nagging bad debt problem
It's not just crony capitalism and dishonest businessmen who are responsible for NPAs in PSBs
A V Rajwade: Mathematical models in economics
Results of such models are only as reliable as the assumptions on which the models are based
A V Rajwade: The spectre of a currency war
Such a war would hurt global growth and that of India as well
A V Rajwade: The 'illusion' of independence
The world over, there are several limitations to central bank autonomy
A V Rajwade: Cover the full ground
Adherence to a fiscal deficit target without full reform of govt accounts may not be sufficient
A V Rajwade: Law of unintended consequences
This law coupled with Trump's trade protectionist policy may see China emerge as new economic leader
A V Rajwade: Not on an equal footing
Paper discusses issues relating to sovereign debt defaults irrespective of the currency of the debt
A V Rajwade: Financial stability, capital flows and rupee
Research say fast growing economies have relied on domestic savings to finance domestic investments
A V Rajwade: IMF's agent of change
Despite her conviction, Lagarde has brought about policy changes at the organisation
A V Rajwade: Gauging the yuan's value
Despite its continued appreciation, the currency seems undervalued
A V Rajwade: The two prices of money
A liberal capital account reduces growth, increases income inequality and creates a dilemma for monetary policymakers. Yet we persist with it
A V Rajwade: Awaiting a feedback loop
A virtuous cycle has to take take off if electronic transactions as a medium of exchange is to soar in India following demonetisation
A V Rajwade: Achievement, with some chinks
Given the unprecedented nature and scale of the demonetisation move, only in retrospect could the implementation have been better
A V Rajwade: Independent central banks
Are independent central banks more a part of neoliberalism, of a laissez-faire ideology, not a way to improve the economy?
A V Rajwade: The maths-economics duel
How relevant to the real world is economics dominated by mathematical formulae and abstract models?
A V Rajwade: The gap between theory and reality
IMF's macroeconomic theories are not in sync with situations on the ground
A V Rajwade: Going against the grain
The only way in which the exchange rate will ensure a balance in the external account and optimise consumption is direct intervention by the central bank
A V Rajwade: IMF and globalisation
A review of IMF's stance on market-determined exchange rates is needed
A V Rajwade: The cons of inflation targeting
An economy pays a heavy price in terms of output loss, higher unemployment
