The logic of increasing the interest rates to stave off crisis in the Asian economies was often criticized because East Asian nations were already running budget surpluses in the run-up to the crisis and had tight monetary policies. But....
Dr Rajiv Kumar and Soumya Kanti Ghosh share their opinions on the need to develop a producer price index (PPI) by the Governor, RBI. Dr Kumar and Mr Ghosh further aim to re-emphasize the relevance of a rate cut,...