Financial Crisis

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  • Japan’s Currency Crisis and Its Implications

    Japan’s path to recovery from the economic ‘lost decades’ is obstructed by a deepening currency crisis.

    July 23, 2024

    Murthy Karanam asked: What happens when a country defaults on sovereign debt? Have IMF/World Bank bailouts so far helped or exacerbated the financial condition of the recipient countries?

    Rajeesh Kumar replies: A sovereign default occurs when a country fails to pay back its loan to domestic or international creditors. The International Monetary Fund (IMF) defines default as a breach of contract or broken promise. The most immediate impact of sovereign default is that borrowing cost rises for the government in the domestic and international bond market. The higher interest will impact the entire economy of the country, including the value of currency, banking system, stock market, corporate borrowing, etc.

    Report of Monday Morning Meeting on “Political Instability in Sri Lanka”

    Event: 
    Monday Morning Meeting
    April 11, 2022
    Time: 
    1000 hrs

    Economic Crisis in Sri Lanka: An Assessment

    Depletion in foreign reserves has led to uncertainty about Sri Lankan government’s ability to account for import of essential items and debt servicing. Analyses of government’s policy measures and global geopolitical-economic developments suggest that a state of uncertainty is hovering over Sri Lankan economy.

    March 10, 2022

    Renaissance of Russia’s Foreign Policy in 2009

    Russia has considerably enhanced its international position by leveraging Western weaknesses stemming from the unwinnable war in Afghanistan and the adverse impact of the financial crisis, as well as Western dependence in dealing with Iran and North Korea.

    February 11, 2010

    China: Two Decades after Tiananmen

    It is obvious today that realpolitik is shaping the relationship between the world powers and China. There was hardly any debate on the Tiananmen Square Incident barring a few newspaper articles. It appears is that the world order has accepted the way China behaves and is also ready to make concessions on the Human Rights issues as seen during the Tibetan Uprising last year. The question is why is the world ready to make so many compromises when it comes to China?

    June 19, 2009

    Food Price Rise: An Ethanol Twist

    The recent food price inflation leading to food insecurity has been one of the immediate and striking outcomes of the recent oil price spikes and the global financial meltdown. This has triggered a chain reaction leading to the diversion of arable land in the form of overseas land grabs, and agreements between commercial food and finance industry. For instance, corns and scare economic resources are being diverted to the production of green bio-fuels such as ethanol and bio-diesel.

    May 14, 2009

    Can Renewables Enhance Energy Security?

    Event: 
    Fellows' Seminar
    May 01, 2009
    Time: 
    1030 to 1300 hrs

    The Obama Administration and China

    Prior to the Democrats coming to power the Chinese Communist Party believed that the Barack Obama administration will push harder on Human Rights and other sensitive issues. The stability in relations between Washington and Beijing during the Bush era appeared to be on test given that both Barack Obama and Hillary Clinton were quite critical of China during their election campaigns.

    March 05, 2009

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