This article explains India's currency regime, highlights the implications of a pegged currency and then goes on to discuss the time variation in the flexibility of currency in the Indian context.
Columns
As the US seeks to establish its fighting capability in space, it continues to increase its military bases around the world. And given its desire to contain Iran's nuclear ambitions, keep an eye on...
The proposal by Venezuelan president Hugo Chávez to unite all the parties supporting him into a single united front has started a debate in the country about the relevance of political parties and...
Amidst the threat of chaos and a bloodbath on the streets of Bangladesh, the army backing for a new caretaker government was welcomed. However, questions are now being asked about some of the...
The renaissance of documentary filmmaking in the US is a hopeful sign that politics may yet have something of a future in a country dominated by dreary and mind-numbing discussions of the presence or...
It is unclear whether microfinance contributes to a reduction in poverty or is the most efficient method to reduce poverty without additional measures in areas such as education, health and...
Military rule in Pakistan has had long spells because the army has learnt how to be repressive and yet accommodative, target only the marginalised and minority groups, buy off support from political...
A shift from real assets to financial assets in the portfolio of household savings can increase efficiency at the margin. This requires increased separation of ownership from management, a reduction...
Minorities need far better representation in legislatures. A global report highlights the main issues.
President George Bush's decision to increase US troop strength in Iraq has found few supporters and will only make things worse.
Asia poses a number of major challenges to US foreign policy, but neither the White House nor the Congress is capable of addressing these challenges.
Latin America has seen divergences in electoral strategies between neoliberal conservative candidates employing market-based approaches and left-leaning candidates who seek to put real social issues...
The decision of the union minister for information and broadcasting, Priya Ranjan Dasmunshi to pack the advisory panels on film censorship with office-bearers of the Youth Congress undermines a quasi...
Stabilising inflation also promotes employment and output growth. Adopting inflation targeting does not strictly require preconditions such as an independent central bank or a well-developed...
The political situation in Bangladesh on the eve of elections is at an impasse, with rival political alliances unable to agree on pre-election arrangements. That such a situation is inimical to...
