Money Market

The growing market for cryptocurrencies, when viewed through the lens of Nobel Laureate F A Hayek’s radical idea of abolishing governmental monopoly over currency and introducing unregulated private currencies, reveals fascinating insights. Though over four decades apart, the resemblances and the dialectics of the two radical developments are uncanny.

Read more about The Market for Cryptocurrencies

Changed Profile of Money Market

Vol. 37, Issue No. 48, 30 Nov, 2002

EPW Research Foundation

The Reserve Bank's two-pronged approach of allowing market players freedom to operate on the basis of market signals while threatening stern measures against excessive arbitraging between markets has achieved a profound transformation of the profile of the money market.

Read more about Changed Profile of Money Market

Imparting Dynamism to Credit Delivery

Vol. 36, Issue No. 42, 20 Oct, 2001

EPW Research Foundation

When the economy is in dire straits the Reserve Bank cannot sit back and say it has done enough by reducing interest rates and supplying liquidity to the market. It needs to operate on many fronts - interest rate, general refinance, sector-specific refinance, directed credit norms and moral suasion - to introduce dynamism into the banks' credit delivery system.

Read more about Imparting Dynamism to Credit Delivery

Financial System in Crisis

Vol. 36, Issue No. 33, 18 Aug, 2001

EPW Research Foundation

The travails of the financial system have a complex origin. Most critically, policy planners, overwhelmed by past ailments, have allowed banks and financial institutions to neglect their basic functions of extending commercial credit, prudential norms and other reform measures notwithstanding.