Articles by A V Rajwade

Finance capital inflows and inward remittances have held up India’s real exchange rate. Do these inflows constitute a kind of “Dutch Disease” which is rendering Indian manufactures uncompetitive?

Thatcher's impact on Britain can still be felt. A leader with clear, if divisive, convictions, her rule has transformed Britain. Ironically, for someone who ruled with such imperialist nostalgia, her policies have led to the economic and political eclipse of British power.

It would appear that over the past couple of years the Reserve Bank of India has moved towards a policy of a market-determined exchange rate which is in line with the Anglo-Saxon beliefs. But if the objective is growth, jobs and financial stability, we need to go back to managing the exchange rate in order to maintain the external value of the rupee around a level which would keep the current account deficit within +/- 1% of GDP. If the cost of intervention and sterilisation becomes unaffordable, the solution would be to impose controls on capital movement, rather than giving up management of the exchange rate.

Owing to the substantial risks involved, hedge funds are normally open only to professional, institutional or otherwise accredited investors. This paper outlines the structure of hedge funds, the investment strategies pursued and possible returns.

The Bush administration's refusal to learn any lessons from its continuing disastrous presence in Iraq is only lending credibility to acts of terrorism worldwide and leading to a resurgent Taliban.