A long wait for a dynamic bond market

In the last two decades, country's policymakers have taken a series of measures to create a vibrant bond market. While almost all the elements of an active bond market have long been present, these measures are yet to yield any effective outcome. The bond market is now only about 5.0...

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Policy making: Surrender by default

It is obvious that the usual policy instruments at the disposal of the government to address various sectors (education, health, etc.) and macro-economy (fiscal, monetary, etc.) cannot be pressed into service even theoretically before the major decision is made about the remit of the public and private sectors. This is...

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Stock market turmoil may expose flaws in global finance

Was this month's global stock market sell-off only a "correction" or does it signify a new period of financial instability, caused by major flaws in the world financial system?The stock market turmoil has sparked concerns that the relatively good economic times in the past couple of years, at least in...

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