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Analysis and Commentary

Is The NDA Government's Flagship Initiative Jan Dhan Yojana Bearing Fruit On The Ground?

by Sumit Agarwal, Shashwat Alok, Pulak Ghosh, Soumya Ghosh, Tomasz Piskorski, Amit Seru via Economic Times (India)
Thursday, March 9, 2017

There is a big debate about the activity role of financial markets and products in shaping consumer welfare and real economic. In developed economies, there is an increasing discussion that financial sector may have become inefficiently large and products offered to households may have become excessively complex.

In the News

Bitcoin: Can RBI Ignore The Elephant In The Room?

quoting Jack Goldsmithvia Economic Times (India)
Friday, March 3, 2017

Virtual currencies like Bitcoin are all the rage in FinTech, and could potentially transform global commerce in the years ahead. Users are adopting them in the thousands each day and the value of trade in these currencies is witnessing unparalleled growth. 

Analysis and Commentary

Was USAID Behind Indian Government's War On Cash?

by David R. Hendersonvia EconLog
Thursday, January 12, 2017

On November 8, Indian prime minster Narendra Modi announced that the two largest denominations of banknotes could not be used for payments any more with almost immediate effect. Owners could only recoup their value by putting them into a bank account before the short grace period expired at year end, which many people and businesses did not manage to do, due to long lines in front of banks.

Analysis and Commentary

India's Assault On Money

by David R. Hendersonvia EconLog
Friday, November 11, 2016

In our 5-minute discussion in class on Wednesday, a student asked me about the implications of the Indian government's crackdown on people holding high-denomination currency. I didn't know much about it and gave a so-so answer. Now I know more.

In the News

Sorry, Donald Trump: The U.S. Can’t Grow Like India And China

mentioning Michael Spencevia The Washington Post
Friday, October 21, 2016

In the debate on Wednesday night, Donald Trump compared America’s lackluster economic growth to that of India and China. For the United States, the comparison didn’t look good.

In the News

The Reserve Bank Of India's New Neutral Rate

quoting John B. Taylorvia Live Mint
Thursday, October 13, 2016

The central bank is lowering the policy rate despite its relatively pessimistic assessment of inflationary pressures.

In the News

How Dhoni Became A Symbol Of India, And Everything That Now Means

quoting Tunku Varadarajanvia Daily Mail (UK)
Thursday, September 29, 2016

It was during the 2016 ICC World Twenty20 that the news really hit the cricketing world: ‘They're making MS Dhoni, the movie?’ a tweet read.


Tunku Varadarajan On The John Batchelor Show

interview with Tunku Varadarajanvia The John Batchelor Show
Thursday, September 22, 2016

Hoover Institution fellow Tunku Varadarajan discusses his Wall Street Journal article From "Buddha To Bollywood."

Analysis and Commentary

From Buddha To Bollywood

by Tunku Varadarajanvia The Wall Street Journal
Tuesday, September 20, 2016

A similar book about America—“The United States in 50 Lives,” as it were—would be awash with entrepreneurial names. But in India, capitalists have been like moneyed underlings.


Larry Diamond Talks About Democracy In Decline Around The Globe On WNYC

interview with Larry Diamondvia WYNC
Tuesday, September 20, 2016

Hoover Institution fellow Larry Diamond talks about how the the early years of the 21st century might be viewed historically as the beginning of the decline of democracy itself. Through his research, Diamond has found that 27 countries experienced a breakdown in democracy between 2000 and 2015, while authoritarian governments have become increasingly emboldened and locked down. Democracy, Diamond notes, seems to have lost its appeal.