Bank Recapitalisation: Bail-out or Bail-in

Author Sashi Sivramkrishna Abstract Using sectoral T-accounts, this paper analyzes the implications of bank bail-outs and bank bail-ins. Contrary to popular opinion, bank bail-outs do not utilize taxpayers’ money. Moreover, bank bail-outs funded through recapitalization bonds or deficit financing and bail-ins have similar net effects on sectoral balance sheets. There are, however, questions of moral Read More …

Potential GDP Growth for China and India: What Growth Rate is Sustainable

Author Paul Kutasovic New York Institute Of Technology Abstract In this manuscript, we determine the sources of historic growth for the economies of India and China. Next, we estimate potential GDP growth for each country. The study concludes that India is more favorably positioned for long-term growth than China with a higher steady state growth Read More …

The Emerging World Order of Digital Economy: Strategic Perspectives

Author – Bala Krishnamoorthy – Gayathri Sampath Introduction ‘Digital economy’ refers to an economy that is based on digital computing technologies¹. It encompasses a global network of economic and social activities that are enabled by information and communications technologies, such as the internet, mobile and sensor networks². However, the term ‘digital’ itself is not a Read More …