Articles by T Sabri Öncü

After a district court in New York interpreted "pari passu" in a debt restructuring contract to mean all those who own Argentine defaulted debt, irrespective of whether they were the original creditors or vulture capital firms, the rules of the sovereign debt market have been substantially altered. A host of issues about jurisdiction of courts in international disputes has also cropped up in the ongoing saga of Argentine debt restructuring.

Examining the role of business correspondents in the expansion of banking services in Chittoor, Kurnool and Mahabubnagar districts of Andhra Pradesh, this paper attempts to shed light on what has been accomplished through the business correspondent model. Based on observations in the field, the findings are not readily extendable to all of India, though they make it possible to point to some policy suggestions. A major proposition is that individual business correspondents can be more effective than the other types of business correspondents in expanding financial inclusion through the business correspondent model, at least in Andhra Pradesh.

The 2013 Sveriges Riksbank Prize in Economic Sciences, wrongly called the Nobel in Economics, has evoked much comment about the apparently contradictory perspectives of two of the winners, Eugene Fama and Robert Shiller. The third, and least known among the winners, Lars Hansen, has probably made the more lasting of contributions to science, if not economics.

The upsurge of protest in Turkey is not the result of any deeprooted conspiracy or a few miscreants letting loose their animal spirits, as the government would have it. Rather, it is a spontaneous outburst of anger from ordinary people who have borne the brunt of the Erdogan administration's neo-liberal growth model for the last decade.

In August 2010, the then Union Finance Minister Pranab Mukherjee sought to cut the government’s stake in the State Bank of India (SBI) from 55% to 51% and push the bank to raise more capital from the market. Good idea. But, in a course reversal, on 5 December 2012 – at a time when the government’s...