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Capital controls: what might sound nice at 40,000 feet is a big mess on the ground 25 Aug 2013 | 03:46 pm
Every now and then, some people get enamoured about capital controls as a tool for macroeconomic policy. The actual operation of capital controls on the ground is a mess. As an example, consider the ...
The talent pool in Macro and Finance 25 Aug 2013 | 11:17 am
by Percy Mistry. Dhiraj Nayar, Director of the Think India Foundation, has just written an excellent, sympathetic piece about Dr. Subbarao's tenure as Governor of RBI. It is full of pathos because D...
Reverse Dutch disease from reverse resource curse 24 Aug 2013 | 09:53 am
The problem Shekhar Gupta and Swaminathan S. A. Aiyar have pointed out that our domestic policy logjam is leading to the import of natural resources which are amply present in mines in India. This is...
Too sensational: The defence of the rupee 22 Aug 2013 | 01:46 pm
Miss Prism: Cecily, you will read your Political Economy in my absence. The chapter on the Fall of the Rupee you may omit. It is somewhat too sensational. -- O...
Why did we bumble on the defence of the rupee? 21 Aug 2013 | 05:52 am
I have a column in the Economic Times today on this subject.
Author: Harsh Vardhan 15 Aug 2013 | 11:34 am
The case for differentiated bank licenses, 15 August 2013. Rethinking the Statutory Liquidity Ratio (SLR) in Indian banking, 29 October 2012. Should government capitalise public sector banks?, 9 Oct...
The case for differentiated bank licenses 15 Aug 2013 | 11:28 am
by Harsh Vardhan. The much hyped applications for new bank licenses are in – all 26 of them. Now, RBI will evaluate these applications which will require scrutinising mountains of documents that have...
Will the capital controls to defend the rupee work? 14 Aug 2013 | 08:15 pm
We will wake up to the 66th anniversary of free India with reduced freedom. Today, new capital controls were announced. Once every decade, we have to trot out Did the Indian capital controls work as a...
The convenience of the citizen or the convenience of the government? 13 Aug 2013 | 12:43 pm
Road safety is a problem in India. The authorities are getting push back from the citizenry about the carnage on the roads. What is convenient for them is: to shut down roads. Finding terrorists is d...
We don't know much about what the exchange rate ought to be 12 Aug 2013 | 07:29 pm
Many people are confidently saying that the market's price of the rupee-dollar exchange rate is wrong. They think they know what the exchange rate should be. There are many pitfalls along this path. ...
