ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

H T Parekh Finance Column

Climate negotiators are a cynical bunch. Historically, “climate change” has been the purview of technocrats at environmental ministries. But without new money from their treasuries, they have met....

The fact that the prevailing international financial architecture (IFA) is not fit for the purpose of ensuring fairness and stability in global economic relationships was once again revealed when....

Last October, the Reserve Bank of India (RBI) sent a directive to private banks that must have made at least some people sit up. The directive asked the private banks to have at least two whole-time....

The concept of “original sin” was introduced by Eichengreen and Hausmann (1999), defining it as “a situation in which the domestic currency cannot be used to borrow abroad or to borrow long term, even....

Are our international financial institutions relevant and fit for the future or even the present? This is a question being asked at the annual meeting of the International Monetary Fund (IMF) in....

On the fringes of the opaque world of “innovative finance,” there is much excitement over recent efforts to swap the distressed foreign debt of less developed governments in return for a promise to....

India’s banking sector is not only out of the woods but also has turned in a good performance in financial year (FY) 2023. This is quite contrary to the forecasts made by analysts and even the Reserve....

In a barely noticed development, the International Monetary Fund (IMF) has “reformed” and extended the conditions it imposes in return for emergency balance of payments support to less developed....

There is turmoil in banking in the United States (US) and Europe. It has taken the world by surprise. Banks were supposed to have become much safer following the regulations put in place after the....

In the first article of this series, Öncü and Öncü (2022) established a link between the imperialist–liberalist hegemonic mode cycles of Karatani (2012) and their globalisation–deglobalisation cycles....

As the number of developing countries likely to default on external debt service commitments increases, the effort to resolve debt crises in countries that have defaulted many months back remains....

In a recent article, Kornprobst and Wallace (2021) defined deglobalisation as a movement towards a less connected world, characterised by powerful nation states, local solutions, and border controls....

The geography of the political eco­nomy, not scientific ignorance, is why climate mitigation is not happening fast enough around the world, and average global temperatures are blo­wing through cascade....

The world is on the verge of another external debt crisis in its less developed periphery. A growing number of countries stretching from Sri Lanka in South Asia to Ghana, Zambia and Tunisia in Africa....

Bank privatisation is in the air again. The Union Budget for 2021–22 had mentioned plans to privatise two public sector banks (PSBs). There has been no movement in that direction so far. The....