Market-determined rates often lead to exchange rate misalignments, notes A V Rajwade. The communique issued at the end of the Group of Twenty (G-20) meeting of finance ministers and central bank governors in Istanbul earlier this month reiterated the "commitment to move towards more market-determined exchange rate systems and exchange rate flexibility to reflect underlying fundamentals, and avoid persistent exchange rate misalignments". That China, India and some other G-20 countries, ... Rediff.com, 2 weeks ago
The burgeoning migrant crisis in Europe has become the latest Rorschach test, both for commentators and for the larger public. Those of a liberal and progressive bent (often self-proclaimed as such) laud nations—most notably Germany—that have ...Livemint.com, 3 weeks ago
We were told that this government was going to be different—one characterized by steadfastness of purpose, and, pointedly, without the ongoing spectacle of sensitive documents leaked to the press and a parade of senior government ministers and ...Livemint.com, 1 month ago
The fracas over the proposed Indian Financial Code (IFC), and in particular the monetary policy committee (MPC), gestures toward greater fractures in the Indian political economy which have significance far beyond the particulars of the current turf ...Livemint.com, 2 months ago
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