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In the News

9 New Books We Recommend This Week

mentioning Michael McFaulvia The New York Times
Thursday, July 12, 2018

With diplomacy and world affairs dominating the front page lately (or the home page, as we are gradually learning to think of it), this week’s list of recommended titles has a decidedly international cast.

Analysis and Commentary

‘The Billionaire Raj’ Review: Gatsby On The Ganges

by Tunku Varadarajanvia The Wall Street Journal
Wednesday, July 4, 2018

There have been scores of books about India that focus on its poverty, some sensitive and soulful, others frankly execrable. In contrast, very few offer a portrait of Indians with wealth. This expository lopsidedness is particularly grating in the present time, when India’s economy has galloped to seventh place in the global rankings, breathing down the creaky necks of France and Britain (precariously perched at sixth and fifth, respectively).

In the News

Bad Week For India. Suresh Prabhu Hits Wall In Washington. Slammed By The UN

quoting Stephen Kotkinvia News India Times
Thursday, June 14, 2018

It's been a bad, veering on a terrible week, on the diplomatic front, for India. The only thing left to make it worse would be a defeat by rookies Afghanistan on the cricket field, in the ongoing Test match in Bengaluru. That improbable scenario would cap the debilitating and frustrating week and month it's been for India, in Washington, DC, the United Nations, and elsewhere.

In the News

‘Bad Bank’ Idea Is Back! What It Is That Modi Government Mulling To Resolve Bad Loans

quoting Raghuram Rajanvia Financial Express (India)
Saturday, June 9, 2018

Finance Minister Piyush Goyal on Friday said that a committee will come out with its recommendations on setting up an asset reconstruction or an asset management company for faster resolution of bad loans -- a concept that's similar to the idea of bad bank.

In the News

Banks To Set Up Dedicated Mechanism To Address Stress Assets

quoting Raghuram Rajanvia The Economic Times
Friday, June 8, 2018

The government of India has set up a committee under Punjab National Bank non-executive chairman Sunil Mehta to consider the establishment of an asset reconstruction company in yet another push to help resolve the bad loan burden that afflicts the banking industry, said acting finance minister Piyush Goyal.

In the News

Raghuram Rajan Bats For Better India-China Trade Relations; Sees Silver Lining In Trump’s Trade War

featuring Raghuram Rajanvia Financial Express (India)
Tuesday, June 5, 2018

Former RBI Chairman Raghuram Rajan called for good trade relations between India and China, as they can do a lot of economic activities together. Is there a silver lining in the ongoing trade war?


CNBC Interview: Raghuram Rajan, Professor Of Finance At Chicago Booth

interview with Raghuram Rajanvia CNBC
Tuesday, June 5, 2018

Hoover Institution fellow Raghuram Rajan discusses the possibility of the next recession when and if indeed it's likely to happen in the next 12 to 18 months as well as the combination of rising interest rates and some untoward action on trade.

In the News

Raghuram Rajan Sees Em Stress But No Asia 'Clear And Present Danger'

quoting Raghuram Rajanvia Economic Times (India)
Tuesday, June 5, 2018

Emerging markets will face stress as they cope with a stronger dollar and rising interest rates but Asia appears to be insulated, for now, according to Raghuram Rajan, former governor of the Reserve Bank of India.

Interest Rates

No Clear Danger In Asia As EM Faces Stress, Ex-RBI Chief Raghuram Rajan Says

interview with Raghuram Rajanvia Bloomberg Quint
Monday, June 4, 2018

Hoover Institution fellow Raghuram Rajan says that emerging markets will face stress as they cope with a stronger dollar and rising interest rates, but Asia appears to be insulated, for now. Rajan notes that the central banks need to understand the consequences of their actions on other countries.


Henry Miller On The Lars Larson National Podcast (46:19)

interview with Henry I. Millervia Lars Larson National Podcast
Saturday, June 2, 2018

Hoover Institution fellow Henry Miller discusses a possible bat-borne Nipah virus outbreak with 70% mortality rate.