Tag Search: “monetary policy”
Government securities market: Price discovery and the cost of Indian government borrowing
The government securities (G-Secs) market has substantial effects on other markets as the producer of risk-free interest rate benchmarks. Over 2017-18, there was a sharp rise in the interest rates of ...
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Ashima Goyal
15 July, 2019
- Articles
Union Budget 2019: An attempt to address the economy’s stress points
In this post, Niranjan Rajadhyaksha contends that in the first Budget of the second Narendra Modi administration, Finance Minister Nirmala Sitharaman has made an honest attempt to address some of the ...
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Niranjan Rajadhyaksha
08 July, 2019
- Perspectives
The great disinflation in emerging and developing economies
Emerging market and developing economies (EMDEs) have achieved a remarkable decline in inflation since the early 1970s. Whether EMDEs can continue enjoying the benefits of low inflation will depend on...
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Jongrim Ha
Ayhan Kose
Franziska Ohnsorge
17 June, 2019
- Articles
Indian economy: High performer or Potemkin village?
The recent schizophrenic commentary on the health of the Indian economy raises questions on the true state: Is India doing really well or are we just seeing an impressive facade? In this post, Amartya...
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Amartya Lahiri
14 December, 2018
- Perspectives
Bank and its critics
There has been a lot of commentary in recent weeks on the Reserve Bank of India, around its capital base, performance, and autonomy. In this post, Amartya Lahiri contends that RBI has a more coherent ...
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Amartya Lahiri
16 November, 2018
- Perspectives
Global financial crisis and India: A look at the decade gone by
The crisis that emerged in the US subprime mortgage market this month 10 years ago, not only engulfed the country’s financial system but the entire global economy. In this post, Vikas Dimble and Nalin...
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Vikas Dimble
Nalini Gulati
14 September, 2018
- Perspectives
Where is the cash?
In recent weeks, reports of currency shortages have emerged from several parts of the country. In this post, Nalini Gulati contends that the cash crunch appears to be temporary and is likely to be res...
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Nalini Gulati
20 April, 2018
- Perspectives
King Cash is back: Has informality increased?
Demonetisation and the introduction of goods and services tax were expected to accelerate the shift to formality in the economy. In this article, Renu Kohli contends that while currency in circulation...
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Renu Kohli
06 April, 2018
- Perspectives
A study on the impact of financial market reforms on investment, financing and governance structures of the publicly traded firms in India
This project empirically studies financial benefits of equity market integration at the firm level in emerging economies. It explores the unique setting of public firms cross-listing on a new domestic...
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Sanjay Banerji
Krishna Gangopadhyay
31 March, 2018
- IGC Research on India
The lad(y) doth protest too much, methinks
Former Finance Minister Yashwant Sinha has trashed the present government’s track record on economic management. In a recent article, economist Surjit Bhalla refuted Mr. Sinha’s claims with a point-by...
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Pronab Sen
13 October, 2017
- Perspectives
Inflation targeting: Should RBI revisit its inflation anchor?
Ever since the RBI switched to flexible inflation targeting with headline Consumer Price Index as the inflation anchor, inflation has witnessed a dramatic collapse. In this article, Renu Kohli contend...
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Renu Kohli
09 October, 2017
- Perspectives
Purchasing power parity: Some concerns
In this article, Dr Gurbachan Singh discusses how it may be problematic to make international comparisons using PPP that is based on observed prices, and why effective prices should be used instead.
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Gurbachan Singh
04 October, 2017
- Articles