When wait and watch won’t do
Should policymakers clean up the banking system in the midst of a crisis by closing or recapitalising weak banks and taking bad assets off bank balance-sheets? Or should they wait till the crisis is...
View ArticleNo Prussian from South Asia
"A Prussian from southern Europe!" That ultimate accolade from a member of the German parliament, won over by the European Central Bank (ECB) president Mario Draghi's speech in the Bundestag trying to...
View ArticleEU's action in Cyprus is unacceptable
The EU is playing with fire by making depositors lose their trust in banks Over the past few years, bankers, especially bankers in the West, have done everything possible to betray the trust of the...
View ArticleMSF cut: RBI weakens its inflation-fighting credentials
By playing along with the government, the RBI risks sending a, perhaps, unwarranted signal: that it is happy to play ball regardless of whether, in the process, it risks taking its eye off its main...
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