Friday, January 31, 2014

Indian Financial Code: A big picture expository paper

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Ila Patnaik and I have a gentle, big picture, expository paper (January 2014) which has been released by the Carnegie Endowment for Intern...
Saturday, January 25, 2014

Designing the Monetary Policy Committee

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by Ajay Shah. The establishment of a proper Monetary Policy Committee is central to a well functioning monetary policy process. There is ...
1 comment:
Monday, January 20, 2014

The problem of unhedged currency risk of corporate India: Comments on the recent RBI `regulation' on the unhedged currency exposure of the customers of banks

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How do firms get exposed to currency risk? Many people think that a firm gets exposed to currency risk owing to imports, exports and for...
4 comments:
Sunday, January 19, 2014

The biggest exchanges in the world

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There are two ways to measure turnover: dollar value and number of trades. By dollar value, advanced economies dominate the rankings. But t...
Thursday, January 16, 2014

Fixing MIBOR: Comments on the Draft Report of the RBI Committee on Financial Benchmarks

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The problem LIBOR is made by asking a few dealers what the price on the market is. The LIBOR scandal involves allegations that dealers i...
1 comment:
Friday, January 10, 2014

The draft Indian Financial Code: From ideas to action

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The IFC: A bridge too far? Transformative change of the Indian State takes place through big projects. We seem to combine stasis in gove...
1 comment:
Thursday, January 09, 2014

Rule of law and competition in banking

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I have a column in the Economic Times today on this.