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Thursday, October 27, 2011

Dealing with the Basic problem of Euro Debt vs Financial Engineering

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Many imaginative, perhaps, even innovative approaches are being proposed for dealing with Euro crises. They contain a wealth of interesting ...
Tuesday, October 11, 2011

Fiscal Sustainability: Economic Theory vs. Market Fashions

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In discussions of Fiscal Policy and Fiscal vulnerability I have repeatedly (over the past 25 years) come across a clash between Economic the...
Friday, September 9, 2011

Will China Eclipse the USA and Dominate the World?

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Virmani (2005),  concluded that "the (current) unipolar world will be transformed into a bipolar world during the first quarter of this...
Wednesday, September 7, 2011

A Simple, Transparent Quota Formula For IMF

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There is widespread agreement that a new quota formula for the IMF must be simple and transparent. The simplest and most transparent formula...
Tuesday, September 6, 2011

IMF: Equity based global institution or systemically important financial institution

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   The IMF is an equity based financial institution with countries as share holders, who are represented on the IMF board by elected Executi...
Thursday, September 1, 2011

The Sudoku of India's Economic Growth

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In the Sudoku (2009) I showed how India's 1990s economic reforms raised the underlying/potential growth rate of the Indian economy to a ...
Tuesday, August 30, 2011

Comment on "So-called export led growth", by Jie Yang, IMF WP/08/220

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Yang has a different definition of “export led ” than one has always used (which one always thought was the standard one).  Our definition i...