C P Chandrasekhar & Jayati Ghosh

In its response to the Covid-19 crisis, the Fed stepped up the flow of dollar liquidity at home and in global dollar funding markets. But will this help in near-term recovery?

In a bid to manage the fiscal deficit, the Centre significantly reduced its public expenditure. However, this contracted aggregate demand at a time when it actually needed a boost

In April 2020, while emerging economies remained steeped in the Covid-induced crisis, some equity markets saw the return of capital. This may, however, not be a good sign

The Trump regime is ratcheting up its protectionist rhetoric vis-à-vis China. If this leads to new sanctions, it would worsen the Covid-induced trade crisis rather than help the US

Early evidence on the intensity and drivers of the Covid-induced crisis in the US and Europe suggests that the official response may lengthen the recession and delay recovery

By blocking a proposal for the IMF to issue new Special Drawing Rights, the two have denied developing countries much-needed liquidity at a time of extreme economic distress

Flight of footloose portfolio capital from India is under scrutiny due to its impact on stock indices and the rupee value. But the bigger danger is of a debt shock to the corporate sector

Policies to ease the economic fallout of Covid-19 tend to address formal activities. But the effect is much worse for informal workers, who constitute the bulk of the global workforce

The YES Bank implosion casts doubts on the health of India’s private banks, especially those formed during liberalisation years. The current policy environment validates these concerns