Page 2 - The Other Side

A V Rajwade: A banking crisis in the euro zone?

While banks are better capitalised than they were five years back, they could face a shortage of capital, and many have failed the stress tests standard

A V Rajwade: UMP can't remain unchallenged

It's time to revisit the virtues of the accepted wisdom of the last few decades

A V Rajwade: An 'inclusive' world economy

Liberal capital flows and fiscal austerity increase income inequalities

A V Rajwade: The rise of a new rentier class

Its members work hard but the money they make is altogether disproportionate to their - often negative - contribution to growth and employment

A V Rajwade: Fiscal austerity and accounting

Should money spent on salaries and wages and that spent on building roads and dams be treated in a similar manner?

A V Rajwade: Overselling neoliberalism

Income inequality and reduced growth apart, it leads to volatile exchange rate, which hampers trade and therefore growth

A V Rajwade: Challenges before Urjit Patel

Infrastructure and inflation targeting are expected to be top priorities for the new Reserve Bank of India governor

A V Rajwade: Time to upend convention

World Bank, IMF may be headed for governance and ideological changes

A V Rajwade: Think before you write an option

Their pricing and hedging is arguably one of the most complex subjects in the theory and models of financial economics

A V Rajwade: Two holy cows

Recent studies have discredited the focus on inflation targeting and fiscal deficit

Shyamal Majumdar: Pokemon no-go at the workplace?

Stories about Poke-trouble at the office have gone viral, but many say the game can also facilitate bonding among employees

AV Rajwade: Central bank independence

What does India need more: growth and jobs, or low inflation?

A V Rajwade: Seeing the NPA hurdle for what it is

India's aggregate NPA as a percentage of GDP is far lower than that in Italy, Greece. This doesn't mean complacency, but exaggeration of the problem should also be avoided

A V Rajwade: Rise of a new, impossible trinity

Bad debts of the banking system, monetary/fiscal constraints and Basel III capital ratios, which envisage bail-in of bank creditors, could form a toxic trio

A V Rajwade: The real reason for Raghuram Rajan's exit

New Delhi was likely unhappy with Raghuram Rajan's interest rate policy

A V Rajwade: Caught on the wrong foot

Expectation and reality have diverged for many in the ruling elite after the Brexit vote

A V Rajwade: The ramifications of Brexit

It will likely put brakes on the UK's growth prospects and hamper London's position as a premier international financial services market

A V Rajwade: All fiscal deficits are not evil

There is a case for analysing the fiscal deficit, separately for expenditure and investment

A V Rajwade: Limitations of risk assessment

Global banking regulation is now not just rules-based but mathematical model-based. The next crisis will show how effective this approach is

A V Rajwade: The 'illusion' of bank capital

As long as a bank can liquidate its assets and get its value back, along with that of the depositor, all is well. Once that confidence is shattered, all bets are off