On 27 July, 2015 the BSE Sensex dropped by 551 points relative to its previous closing value. The index fell by a further 102 points the subsequent day. Such single-day declines need not be a cause for concern. The stock…
The recent rout in the Chinese stock market – and the Chinese authorities' increasingly panicky responses to it that temporarily halted the decline – may not seem all that important to some observers. Indeed, there are analysts who have said…
Over much of the last decade and more, the stock market had provided advocates of reform a convenient indicator of economic health. This was because there were long periods during that decade when real economic growth tallied with stock market…
The global financial crisis that started in 2007 has never ended and now there are warnings of a looming market liquidity crisis, but when this will hit remains to be seen. next_financial_crisis (Download the full text in PDF format) (This…
The hurried exit of foreign investors from Indian equity and debt markets seems to be reversing what has been a long bull run in India’s stock markets over the last three years or more (Chart 1). On 7 May, the…
The Greece crisis resolution depends on whether the EU sees itself as a progressive project based on liberal market principles or as an imperialist project of finance capital. greece_international_creditors (Download the full text in PDF format) (The article was originally…
Emerging Asia, analysts argue, is all wrapped up in debt. For some time now they have warned about the dangers involved in the rising volume of private debt—both corporate and household—in Asia, as a result of a reversal of the…
The Governor of the Reserve Bank of India, Dr. Raghuram Rajan, while inaugurating the annual conference of the Indian Economic Association at Udaipur on the 27th of December, questioned the wisdom of the debt-waiver scheme for agriculturists, which the UPA…
Inflows into deposit schemes for Non-resident Indians (NRIs) are shrinking. They peaked at $38,406 million in financial year 2013-14, with monthly average inflows of $3,200 million in that year (Chart 1). As compared to that, inflows during April to August…
