Critics of quantitative easing say it has inflated asset prices without stimulating any real economic growth. Those who back it say a premature withdrawal has led to discouraging data over the last fe
Those harping on China's perceived slowdown to be India's gain seem unaware of the structural changes in the country's economy
Neither the labour market nor the inflation data presents a compelling case for hiking rates in December. Markets have rallied on the view that the Fed will not budge from the zero-bound as long as in
The Fed's decision to hold back an interest rate hike lends credence to theory that American monetary authority has lost the plot when it comes to gauging dynamics of its own economy
Given the paradigm the central bank is operating in, it might limit its rate cuts to a quarter of a percentage point or half at best
China's move to devalue its currency has exposed the fragility of its economy and the risk of knock-on effects to the region
China's devaluation creates new risk in global financial markets, and could prolong the West's slowdown
China's move to devalue the yuan is possibly driven by its desire to be included in IMF's SDR basket. But this will have widespread impact on the global economy
As the rupee is less bloated than its peers, it is likely to escape the brunt of the Fed's action
Balance is needed in selecting members for the proposed monetary policy committee
The rupee's behaviour during the China sell-off might have lessons for the future, relating in particular to the impact of other global 'shocks' that might follow. The rupee could thus slowly acquire
The Greek leadership is trying to convince the people that voting "no" would not necessarily lead Greece out of the euro
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Apart from the US Federal Reserve, which is yet to make up its mind on an interest rate hike, the markets stayed on edge last week due to the endless saga of Greece's problems
Central bankers are falling behind the curve as real interest rates continue to rise
Three ways in which the NDA govt's economic policy differs from its predecessor's
The equilibrium real interest has emerged as the Holy Grail of monetary policy not just in India. There is an active debate in the US also as to what the real interest rate should be
Just as the dip in oil prices had buoyed sentiment on India for the past year, a reversal will have an equally strong impact, which is already evident in the recent sell-off in Indian equities
The markets are underestimating the possible repercussions. Greece's exit from the currency union, however well managed, is unlikely to be orderly
If the RBI governor's logic holds, the rupee is far from being extremely overvalued