Ajay Shah writing for the mass media (2016)
- On what horizons will the de-monetisation shock play out?, 26 December 2016. kw = monetary shock, exports shock, investment shock, banking shock, demand shock, macroeconomics intuition.
- A bad time for a crisis, 12 December 2016. kw = de-monetisation crisis, exports growth, gloomy world economy, Europe, US, China, external demand, business cycle.
- How to make digital payments work, 28 November 2016. kw = interconnectivity regulation, post-banking world, RTGS.
- Six battlefronts for the war on corruption by Vijay Kelkar and Ajay Shah, 21 November 2016. kw = going to the root cause of corruption, Gold, Hawala, Real estate, Taxation, Politics and elections, and Administration.
- A monetary economics view of the de-monetisation, 14 November 2016. kw = money supply shock, money as a medium of transactions, firm failure, hysteresis.
- From despots to institutions, 31 October 2016. kw = dispersion of power, dispersed shareholding corporation, democracy vs. dictatorship, India vs. China, board of directors, family business, succession, Tata group.
- Ministry vs. regulator: How to draw the lines, 17 October 2016. kw = relationship between a department of government and its regulators, public administration, principal-agent relationship.
- Who will bear the loss?, 3 October 2016. kw = bankruptcy code, resolution corporation, systemic risk regulation.
- Finance for the poor: policy and not programs, 19 September 2016. kw = Jan Dhan Yojana, competition policy, fintech, business model innovation, consumer protection, financial repression.
- Financial reforms: A mid-term report card, 5 September 2016. kw = halfway into Modi government, starting point of Urjit Patel as Governor.
- Who is afraid of algorithmic trading?, 22 August 2016. kw = market abuse, role of SEBI, Luddite impulse.
- How to build tax administration, with Shubho Roy, 8 August 2016. kw = tax policy vs. tax administration, tax administrator as a mini-State combining legislative, executive and judicial functions, need for a Tax Administration Code, independence.
- How to regulate professions, 25 July 2016. kw = doctors, lawyers, chartered accountants, company secretaries, stock brokers, insolvency professionals, BSE, BLRC, MCI, BCI, ICAI, ICSI.
- Players and playing fields in the Internet age, 18 July 2016. kw = net neutrality, exchanges, three way separation, Indian financial code, rule of law, competition.
- Worst case analysis for the banking crisis, 11 July 2016. kw = banking crisis, RBI reform, Resolution Corporation, Japanisation, what should firms do.
- Great institutions, not great men, 27 June 2016. kw = dispersion of power, checks and balances, designing the monetary policy committee, regulation-making process, Supreme Court orders on coal blocks and TRAI calls dropped regulation.
- Forced unbundling for greater competition, 13 June 2016. kw = unbundling as a way to obtain greater competition. Financial markets, New Pension System, Electricity, Net neutrality, State capacity, Central planning, Industrial policy.
- Prioritise banking reforms, 29 May 2016. kw = failure of banking reforms, this failure has a very high cost.
- Tax policy for a globalised world, 16 May 2016. kw = residence-based taxation, zero rating of exports, VAT on imports, entrepot centres, tax treaties, Mauritius, Panama, Securities Transaction Tax (STT), Permanent Establishment, internationalisation of Indian finance.
- Concerns about startups that yearn for network effects, 2 May 2016. kw = monopoly power, market failure.
- Commodity futures: Waiting for the gains, 18 April 2016. kw = convergence of commodity futures into the main financial markets system: seven areas of gains which have not been obtained.
- Doing everything wrong on foreign borrowing, 4 April 2016. kw = foreign currency borrowing, currency exposure, natural hedges, tradeables.
- Bank lending to Kingfisher Airlines, 21 March 2016. kw = banks, kingfisher, facing up to the banking crisis.
- In bad times, we have to cut the deficit, 6 March 2016. kw = why fiscal policy in India is forced to be pro-cyclical, financial repression, primary deficit, inflation targeting.
- Not risen to the challenge, 1 March 2016. kw = Budget 2016, banking crisis, private sector confidence.
- Macroeconomic backdrop to the 2016 budget, 22 February 2016. kw = firm results for oct-nov-dec 2015 quarter, these are the best estimates of macroeconomic conditions, contrast with CSO's GDP data, implications for policy thinking.
- Areas of weakness in the thinking of financial traders, in the Business Standard, 8 February 2016. kw = market efficiency, financial market prices as forecasters, random walk, micro-forecasting, cross-section of P/E ratios, macro-forecasting, earnings growth, Cospi P/E in India.
- How will China influence us?, in the Business Standard, 25 January 2016. kw = Global financial turbulence, prices and profitability of tradeables, influence upon ideas.
- The mother of all currency defences, in the Business Standard, 11 January 2016. kw = China, currency defence, the China model.
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