Is He Lifeng China’s next economic tsar?
Signs are increasingly suggesting that the current chairman of China’s top economic planner will be named vice-premier next month. Read More Here
Tag: Central bank
The War On Economics
Where leaders once turned to sages and pols for such wisdom, they now turn to the guild of economists. The most powerful states in the world are accustomed to outsourcing the management of their crucial macroeconomic decisions to committees of central bankers. Read More Here
India Says Crypto Not Illegal As It’s Taxed Like Gambling Win
The Indian government said it doesn’t treat trading in crypto assets as illegal, a day after it announced taxing such transactions just the same as winnings from gambling. Read More Here
China Still Needs Expansionary Economic Policy
To consolidate its post-pandemic growth momentum in 2021, China should not be in a rush to exit from expansionary fiscal and monetary policy. The government may have to issue more bonds than planned, and the People’s Bank of China may need to implement quantitative easing to facilitate this. Read Here | Project Syndicate
Who’s Right On Inflation?
As in the 1970s, a severe economic shock has forced governments to pursue massive fiscal and monetary expansion, thereby sowing fears of future inflation. But not all shocks are the same, and the key question now is whether we can be confident that the current state of exception will end. Read Here | Project Syndicate
Why China Isn’t Cutting Lending Rates Like The Rest Of The World
China’s central bank must manage an economy structured in many ways quite differently from that of other major regions, such as Japan or the European Union. But the PBoC faces the same question of how effective monetary policy can be today. That has significant implications for the central bank’s signalling, which appeared to take a […]
India’s Economy Is No Longer One Of The Cool Kids
India isn’t keeping the best company. When Reserve Bank of India officials reviewed the global economy at February’s meeting, they ticked off a list of major emerging markets that had struggled: China, Russia, Brazil and South Africa all got a must-do-better grade. Disappointing numbers released Thursday mean policy makers can add one closer to home: India […]
Addressing the Dark Side Of The Crypto World
Whether Bitcoin’s value goes up or Bitcoin’s value goes down, people around the world are asking the same question: What exactly is the potential of crypto-assets? The technology behind these assets—including blockchain—is an exciting advancement that could help revolutionize fields beyond finance. It could, for example, power financial inclusion by providing new, low-cost payment methods […]
China’s Debt Bomb
It’s a bomb! A mountain! A horror movie and a treadmill to hell! To doomsayers, China’s $25 trillion pile of public and private debt is a threat to the global economy. Or maybe it’s just a manageable byproduct of the boom that created the world’s second-biggest economy. Read Here – Bloomberg
Pakistan’s Debt Dynamic
An oft-overlooked aspect of Pakistan’s debt situation is the political economy. There is an inherent asymmetry between the ‘benefits’ derived from new debt undertaken, and the burden of its repayment. There are two facets worth considering. First, those segments who tend to ‘benefit’ from the debt contracted (the elite) are usually different from those who […]
looking beyond borders 