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

H T Parekh Finance Column

The economic recessions that follow banking crises are deeper and longer than other recessions. At the centre of most banking crises lie liquidity crises. The Great Recession that engulfed the United....

Originally coined by his campaign strategist James Carville as “the economy, stupid!” for the internal consumption of Bill Clinton’s election campaign team, “it’s the economy, stupid!” was Bill....

India’s public sector banks (PSBs) are in a state of drift of the sort we have not seen in the past two decades. Credit and deposit growth at PSBs have slowed down sharply. Many of the PSBs are poorly....

In the final stretch of his tenure as governor of the Reserve Bank of India (RBI), Raghuram Rajan chose to make one more effort at revving up India’s bond markets. A number of measures aimed at....

In a national referendum on 23 June, Britons voted to leave the European Union (EU) by 52% to 48%. The EU is a borderless area for the movement of goods, services, investment, and labour across 28....

The Lehman moment is the moment when Lehman Brothers—one of the largest investment banks in the United States (US) at the time—collapsed. The collapse happened on 15 September 2008. Almost nobody....

As promised, the Reserve Bank of India (RBI) has come out with draft guidelines for “on-tap” bank licences. Earlier, the RBI gave out bank licences for universal banks in occasional bursts. There was....

A spectre that haunts a number of so-called emerging market economies (EMEs), including India, is that of a sudden outflow of capital, either because of exit of foreign investors or because of the....

Housing booms and busts lie behind the biggest economic and financial crises in recent decades. Between 2006 and 2009, the Organisation for Economic Co-operation and Development (OECD) countries that....

What caused the financial crisis of 2007? It is important to know because the world is still reeling under the impact of that ­crisis. If we could determine the answer or answers, we may be able to....

As the following quotation from Bradford DeLong’s 8 January 2016 Huffington Post article demonstrates, one of the ongoing debates among economists of many tribes is whether the period that began in....

hough overshadowed at the World Trade Organization’s (WTO) Nairobi Ministerial Conference earlier this week by the deep differences over agricultural subsidies and food security and on the rules....

Market participants and readers of the financial press will be familiar with the “carry trade” in global foreign exchange markets. This is where, in the absence of exchange controls, a speculator....

The Labour Party of the United Kingdom (UK) was defeated in the 2015 general elections on 7 May. The next day, the leader of the party, Ed Miliband, resigned from his post and triggered the 2015....

The Modi government has moved to address the challenges in India’s banking sector with Indradhanush, a plan meant to address seven issues. These are: recapitalisation, appointments, a Banks Board....