The International Monetary Fund's World Economic Outlook of April 2016 bodes that emerging market economies, including India, are at risk of sudden capital outflows. The IMF once again makes a case...
H T Parekh Finance Column
H T Parekh Finance Column
The nexus of housing boom-busts, banking crises, and economic cycles is not unique to the last crisis and has been increasingly present in each of the major banking crises since the break-up of...
It is in the interest of banks to expand the supply of credit, and most banking regulations are designed to limit this tendency. It is in the interest of private bank managers to give in to this...
Even as some insist that the global economy is in “secular stagnation,” the facts suggest that we may be entering the “worst” depression in history. The global markets have been on a slippery slope...
Liberalising global trade in services, including financial services, has been on the cards for the longest time. Services trade negotiations at the World Trade Organization may "fail" at the Doha...
International capital flows come in only two modes: feast or famine. The policy response to both situations has been primarily via exchange and capital controls--both have their consequences. Macro-...
The Labour Party of the United Kingdom (UK) was defeated in the 2015 general elections on 7 May. The next day, the leader of the party, Ed Miliband, resigned from his post and triggered the 2015...
Indradhanush, the government's new plan for public sector bank reform in India, may not be the "big bang" reforms that many have been clamouring for. But the government has decided to recapitalise...
The 27 July blip in India's stock markets was triggered by the Supreme Court-appointed Special Investigation Team's report on black money. This report called for an identification of the owners of...
The Greek tragedy contains more than its fair share of irony. Perhaps the biggest irony of all is that in the drafting of the Maastricht Treaty on Economic and Monetary Union in the late 1990s, it...
The question is not "if" but "when" the next financial crisis will hit. The 2007 crisis has still not ended. The quantitative easing initiatives of many countries have not had the desired effect of...
HSBC, which operates in more than 80 countries, is in the midst of a signifi cant retreat from various markets, including retail banking in Brazil and Turkey. Last year, Citibank, another global...
The so-called stand-off between the Reserve Bank of India and the Ministry of Finance is not as significant as the media is making it out to be. There is little disagreement between the two on...
The rupee is one of the most undervalued currencies in the world. According to the International Monetary Fund (IMF), if you were to take a basket of goods bought in India, the exchange rate that...
Can the Syriza government in Greece maintain an impossible triangle: (1) stay in power, (2) reverse austerity, and (3) stay in the euro? It will all depend on whether the European Union sees itself...
