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Banks around the globe would be wise to take a second look at what now could be the most significant agreement in international finance since the Euro: the BRICS currency swap. Though certain geopolitical risks are involved, could this free India from unpredictable currency fluctuations?
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After the $2 billion loss reported by JP Morgan, one of the four U.S. mega banks, the odds for regulation may be better now. The sentiment is global: banks in Europe have already faced a small backlash, and the prevailing opinion in parts of Asia is not whether there would be another financial crisis, but when.
Courtesy: Wikimedia Commons/Tage Olsin, Hofres
Few people know that Sweden was severely affected by the 2008 global economic crisis. However, the Swedish government adopted prudent fiscal and monetary policies to overcome the situation. The author discusses the factors that helped Sweden to acquit itself so creditably in the most challenging of circumstances.
As India’s growth slows, it becomes increasingly important to enact reforms so it can return to its intended growth rate of 9%. Gateway House’s Hari Seshasayee interviews Anoop Singh, Director of Asia and Pacific at the IMF, to discuss the impact of the Euro zone crisis on India and the way forward for Asia.
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The author discusses the incriminating Op-Ed published in the New York Times on Goldman Sachs bank and analyses the investment banking world critical situation. He outlines many initiatives and advocates for bilateral reform policies that could be an important first step in addressing the situation.
Manjeet Kripalani, Executive Director, Gateway House blogs about the hurdles social entrepreneurs in India face and the alluring idea of an India-South East Asia Social Enterprise Corridor.
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This article attempts to explain the current crisis facing the world, and in particular many European countries, relating to sovereign debt and the consequent crisis, in simple layman’s terms. It also suggests how best India can weather this crisis.
What are the implications for India if Iran is attacked? How effective has the response been by gulf nations to their own protests? Ambassador Talmiz Ahmad, India’s former Ambassador to Saudi Arabia, discusses the dynamics of West Asia with Gateway House’s Alisha Pinto and Azadeh Pourzand.
Courtesy: Saurabh Das/AP Photo
The 4th BRICS Summit in New Delhi has brought a new dimension to emerging markets. The author explains why the summit was perhaps the most significant of the BRICS meetings so far – and one that should have the developed world really worried about their eroding position at the top of the global heap.
Kostas Botopoulos, Greece’s point-man in money markets, speaks to Gateway House's Akshay Mathur about Greece's bailout process, building consensus within the European Union, the reforms demanded by stakeholders and what it all means for India and the global economy.
