Ajay Shah writing for the mass media (2007)
This is my alternate-Wednesdays column in Business Standard, except when stated otherwise.
- Futility of capital controls?, 19 December 2007. Early results of effectiveness of capital controls introduced in 2007.
- How frail are the firms?, 11 December 2007. kw = de facto exchange rate regime, testing dating and monitoring, econometrics of structural change, phases of the Indian exchange rate regime, currency exposure of firms, moral hazard versus incomplete markets hypotheses.
- Implications of new international financial centres, 21 November 2007. kw = IFS, reverse protectionism, Indian license-permit raj, Dubai, Qatar, common law, principles based regulation.
- A coming of age for private equity, 7 November 2007. kw = venture capital, private equity, pre-IPO.
- Making sense of PNs, 18 October 2007. kw = participatory notes and the offshore OTC derivatives business on Indian equity underlyings.
- The middle muddle, 17 October 2007. kw = fumbling on monetary policy in India.
- Nothing calibrated about CAC, 3 October 2007. kw = liberalisation of outbound flows, `calibrated' movement towards convertibility.
- The capital flows puzzle, 19 September 2007. kw = capital account convertibility, fiscal crisis, BCD nexus, banking, monetary policy.
- How to organise financial firms, 5 September 2007. kw = holding company structure, financial conglomerates, large complex financial institutions (LCFIs), MIFC report.
- Concerns about sovereign funds, 15 August 2007. kw = sovereign wealth funds, reserves portfolios, governments getting involved in corporate governance.
- Still in a quandary, 1 August 2007. kw = monetary policy, RBI, currency peg.
- Comparing the Indian and Chinese governments, 18 July 2007. kw = KKM governance measurement, improvements in economic governance in India over 1996-2005, corruption, public goods, FDI.
- A Maginot Line of controls, 4 July 2007. kw = convertibility is mainstream, Indian-style non-convertibility is exotic; de facto convertibility is creeping in, and RBI does not get to calibrate the pace at which this happens.
- Mumbai as an international financial centre: Implications for the securities industry, in BSensex, June--July 2007. kw = MIFC, international diversification, Indian exchanges.
- Crisis on skilled labour?, 20 June 2007. kw = learning by doing, higher education, labour market.
- Combating inflation, 6 June 2007. kw = impact of rupee appreciation on inflation, breaking the inflation spiral of 2007, exchange rate passthrough, import parity pricing.
- Righting the rupee, in Wall Street Journal, 18 May 2007. kw = rupee, currency regime, reverse speculative attack, Indian monetary reform.
- Go to the root cause, 16 May 2007. kw = securitisation, speculative price discovery, Indian legal reforms, legal foundations for financial sector.
- Three questions in international economics, 2 May 2007. kw = How much do currency fluctuations affect exports? Can policy makers distort the exchange rate, and should we? What is to be done? REER, export promotion, fake exports, impossible trinity.
- Currency futures now, 18 April 2007. kw = Currency flexibility / volatility / risk; INR cash settled exchange-traded currency derivatives.
- India's Saving Grace, in Wall Street Journal, 17 April 2007. kw = New Pension System, pension reform.
- What RBI wants, 4 April 2007. kw = monetary policy, inflation, deeds vs. words.
- Competition policy > privatisation policy, 21 March 2007. kw = telecom, airlines, banking.
- Monetary policy at a crossroads, 7 March 2007. kw = RBI, monetary policy in disarray, open economy macroeconomics, monetary policy regime.
- Commodity futures are not evil, 21 February 2007. kw = banning commodity futures markets, FC(R)A, convergence between commodities and financials.
- Inflation control, 7 February 2007. kw = inflation-growth tradeoff, GDP growth volatility / inflation volatility, business cycle, political foundations for stable prices, monetary institutions, RBI Act.
- Mission GST, 17 January 2007. kw = Rollout of goods and services tax (GST) by 2010.
- Beware the tranquility, 3 January 2007. kw - risk premia, volatility, credit spreads are extremely low. emerging markets factor.
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