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C.P. Chandrasekhar
Tuesday 06 September, 2016
The interest rate that is seen as being the principal instrument for macroeconomic management is proving to be a blunt tool when combatting inflation or promoting growth.
C.P. Chandrasekhar, Jayati Ghosh
Friday 02 September, 2016
The return of inflation, even if moderate, at a time when India is experiencing a normal monsoon and after a long period of inflation-targeted monetary policy is surprising.
C.P. Chandrasekhar
Wednesday 03 August, 2016
Adventurous lending followed by wilful default that has become more common in recent years, is linked to the change in banking practices and the pursuit of quick profits after liberalization.
C.P. Chandrasekhar, Jayati Ghosh
Tuesday 02 August, 2016
After having retreated from retail lending in the years since 2005-06, banks burdened by NPAs in areas like infrastructure seem to be returning to the retail market. How far can this go?
C.P. Chandrasekhar, Jayati Ghosh
Tuesday 12 July, 2016
Recognizing bad assets and writing them off may not resolve the banking problem, since the new financial order requires banks to lend to those who seem more prone to default.
C.P. Chandrasekhar, Jayati Ghosh
Tuesday 07 June, 2016
As interested observers focus on the bad loans, accumulating in the books of India’s commercial banks, the implications it has for lending behaviour and growth are less explored.
C.P. Chandrasekhar, Jayati Ghosh
Tuesday 31 May, 2016
While it was presumed the developing world, especially the more prominent emerging markets, were less prone to price deflation, data from China and India show trends of declining producer prices.
Prabhat Patnaik
Thursday 21 April, 2016
Even the unconventional measure of charging negative interest rates, as the author says, is unlikely to end the recession because capitalism today is in a deep structural crisis.
C.P. Chandrasekhar
Wednesday 30 March, 2016
Substantial accumulation of bad debt in the domestic banking systems of India and China seems to be proving too heavy a burden to bear when the good times are disappearing.
C.P. Chandrasekhar, Jayati Ghosh
Tuesday 15 March, 2016
With interest rates and bond yields turning negative in many developed countries, the efficacy of monetary policy as a countercyclical instrument is in question.



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