India’s Gross Government Debt as a Percentage of GDP lies between 61-68 Percent till 2019-2023, unless some drastic measures. (IMF Forecasts, 2018-19), which is comparable to China and lower than Advance Countries Projections of Government Debt to GDP.In such...
As expected by nearly everyone except the futures market, the Fed did not cut rates last week and predicted only one in the future and not until next year. This contrasts with the futures market...
The IMF is the most authoritative source for reserve holdings of central banks. It reports the data at the end of each quarter with a quarter lag. At the end of last year, the IMF...
Under Kuroda’s leadership the BOJ has surprised the market a number of times, most recently with the move to negative rates at the end of January. It is not that such a move, which has...
Helicopter money is the rage. Central banks are talking about it. Economists are debating it. The media is rife with coverage. While it sounds important, it is not precisely clear what helicopter money means. It...
Deflation is portrayed as the great economic scourge. It exacerbates debt servicing costs and encourages consumers to defer purchases. Central banks in Japan and Europe have responded with aggressive, unorthodox measures, often combining asset purchase...
Companies are selling bonds like madmen. This year through Tuesday, investment-grade and junk-rated companies have sold $438 billion in new bonds, up 14% from the prior record for this time of the year, set in...
The European Union is gradually moving to a compromise on the Single Resolution Mechanism. It is intended to be agreed up before the end of the year to give the European Parliament time to debate...
A central bank, reserve bank, or monetary authority is an institution that manages a state’s currency, money supply, and interest rates. Central banks also usually oversee the commercial banking system of their respective countries. The...
