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How much forex reserve should RBI have? How much capital should RBI have? One simple answer to both these questions is- “it depends’. The obvious follow-up question is – it depends on what? And there is the rub. Is it given for a central bank to “die, to sleep – to sleep, perchance to dream” […]
Reserve Bank without its Reserve This is not the best of times for an economist to don the mantle of the governorship of the Reserve Bank of India. Whether it is the worst of the times- that only future can tell. Be that as it may, the public spat between the political executive and […]
Data Localization- Mercantilism in a Networked World Economic ideas do not die. They resurface again and again, repackaged and refurbished, when the time suits it. Mercantilism is such an idea that politicians and policy makers love to espouse, albeit periodically. The basic premise of this doctrine is that international trade is a zero-sum game. The […]
