Evidence from Ghana and reports from Sri Lanka indicate that the International Monetary Fund has introduced a new condition—reduction through the restructuring of domestic sovereign debt—into its...
H T Parekh Finance Column
H T Parekh Finance Column
There is turmoil in banking in the United States (US) and Europe. It has taken the world by surprise. Banks were supposed to have become much safer following the regulations put in place after the...
This article is the second in a series of articles on monetary policy debates in the age when deglobalisation became a buzzword. Here, we begin our discussion of the ongoing economic experiment in...
As the number of developing countries likely to default on external debt service commitments increases, the effort to resolve debt crises in countries that have defaulted many months back remains...
This article is the fi rst in a series of two articles on monetary policy debates in the age in which deglobalisation is a buzzword. The ongoing monetary policy debates of the age will be discussed...
As India ascends to the Group of Twenty Presidency, internationalism is stuck. The Paris Agreement on climate change is deadlocked as countries point fi ngers at each other. Development assistance is...
When multiple crises confront global leaders, some yet-brewing ones tend to be ignored. One such is an(other) imminent external debt crisis in developing countries, which, as in the case of the COVID...
Those who urge the wholesale privatisation of public sector banks do not seem to have given adequate thought to the mechanics of bank privatisation in India. Given the present regulatory regime for...
Konya is a province in Turkey. On 6 July 2022, about an hour before I started writing this article, a murder news hit the Turkish pages of the internet: “In Konya City Hospital, a patient shot and...
The Russian invasion of Ukraine started on 24 February 2022. Since then, several thousand combatants from both sides and more than 500 Ukrainian civilians have died, bombs have ruined many cities,...
Enthusiasts for cryptocurrency say with revolutionary zeal that this is the future of money. We have seen private money or money tied to a rigid formula in the 19th century that was marked with...
The evidence of a decline in the non-performing assets ratio in India’s banking system points to a significant improvement in the health of banks. However, this may have occurred partly through the...
In a recent article, Yıldızoğlu (2021) reminded us of the Fermi Paradox, which can be summarised as: Although the probability of the existence of other forms of life in the universe is sufficiently...
