Enhancing bank competition, among other measures, could adequately strengthen interest rate transmission; but the danger is in overreaching and losing leverage.
On 16 Aug 2015 The willingness to distribute pain between both debtors and creditors is the only sensible way forward for the fragile currency bloc.
On 02 Aug 2015 If the entry of foreign banks results in a concentrated banking sector, as has been the case in several Central and Eastern European countries, then the goals of achieving financial inclusion are adve...
On 05 Jul 2015 Two features of East Asia’s recovery from the financial turmoil of 1997-
98 appear to be rather paradoxical. First, the regional economies (except
Hong Kong, China and Malaysia) have allowed a relat...
On 20 Jul 2010 Most standard indicators suggest that India’s reserve stock is more than adequate. The rapid stockpiling of foreign exchange reserves implies that the RBI has been leaning-against-the-wind to keep dow...
On 25 Jan 2010 Given the divergence in economic and institutional structures in the region, any attempt to create a common currency absent macroeconomic policy coordination and mechanism for automatic intra-regional...
On 30 Oct 2006 Given the divergence in economic and institutional structures in the region, any attempt to create a common currency absent macroeconomic policy coordination and mechanism for automatic intra-regional...
On 30 Oct 2006 When analyzing the appropriate response for monetary policy during a currency
crisis it is important to keep in mind two distinct channels: (a) the impact of raising
interest rates on exchange rates...
On 27 Jan 2006 Since the Asian crisis it has been recognized that exchange rate and monetary policy strategies must involve a “fairly high” element of flexibility rather than a single-minded defense of a particular...
On 19 Jan 2006 Lecture at RIS, New Delhi December 2005
On 12 Jan 2006 |