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During the recent G20 meeting, the Indian and the Japanese government announced to boost their bilateral currency SWAP agreement from US 15 billion to US 50 billion. This measure is most certainly a step in the right direction and not just because I have been talking about it for months but the arrangement sends all
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The US Federal Reserve Open Market Committee’s announcement on lowering the amount of monthly bond purchases or in other words tapering of the existing level of quantitative easing (QE) has got the financial markets animated in a big hoo-ha causing volatility. And the financial media has been inundated with commentaries on various plausible scenarios.
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The OECD recently launched a scheme to combat tax avoidance and evasion related issues from both major multinational corporations and individuals. The initiative called base erosion and profit shifting ( BEPS ) plan was presented to G 20 finance ministers on the 20th of July this year on their request. In short, the BEPS report
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The issue of the shadow banking system in China has put the country on the hot seat and there has been no shortage of opinions coming from various segments of the financial market including of the ratings agencies. The negative perception around the system has grown tremendously and rightly so and some in the market
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There is no shortage of opinion in the market today on the current state of affairs of the global economy and most of the commentary as well as analysis seem to be centred around Central banks policies and its overall current impact assessment and on how things may play out going forward. The discussions are
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The gruesome reality of the ongoing European Crisis is that some countries in the EU including of Greece were living way beyond their means and in the last decade benefitted the most from the European Union idea without realizing that all the rise in the living standard and good times hasn’t been paid for. For
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People across Europe and other parts of the world are increasingly feeling disconnected with the financial world and in all likelihood the discontent will only grow if the sector is unable to connect or reach out to the common folks on the main street. I believe people do understand that an efficient and a well
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Committing to and carrying out real structural reforms, managing citizens expectations, finding ways to grow the economy while keeping the spending on track is a BIG ask but it has been done before in Europe and it looks like this is what the policy makers in Germany want from their southern European partners. The question
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