Page 2 - A V Rajwade

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: 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

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: 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: 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

A V Rajwade: Rajan 2.0: What's on the table

If he gets another term as RBI governor will he undertake a zero-based review of the monetary and exchange rate policies before NPAs, net external liabilities overwhelm us?

A V Rajwade: Will Rajan get a second term?

The RBI governor set inflation targeting as the single-point agenda. Is there a conflict between the single-point agenda and the RBI's role as banking supervisor?

A V Rajwade: Old wine in new bottles

In terms of concept, peer-to-peer lending is not much different from a chit fund

A V Rajwade: What's the logic behind tax evasion?

It is strange that the wealthy evade taxes even though the marginal utility of the money saved amounts to little and tax rates in countries, including India, have dropped

A V Rajwade: Repercussions of the Panama Papers

They bring into focus the fact that the line between tax avoidance and evasion is thin