Scaling Up Finance for Sustainable Development

By Kavaljit Singh | Research Report | September 2018

This month marks the 10th anniversary of the collapse of Lehman Brothers that set off a chain of events that led to the worst financial crisis since the Great Depression of the 1930s. The global financial crisis of 2008 was a watershed moment for the global banking industry as it revealed a pattern of…

How to Prevent Financial Crises in Emerging Markets?

By Kavaljit Singh | Briefing Paper # 23 | September 4, 2018

Argentina’s currency crisis is deepening. On August 29, the peso crashed more than 7 percent – the biggest one-day fall since December 2015 when President Mauricio Macri allowed the currency to float freely and removed capital controls. In a two-minute televised address on that day, Mr Macri said he had requested the International…

Investment Facilitation: Another Fad in the Offing?

By Kavaljit Singh | Commentary | August 14, 2018

While nearly 90 members did not support discussions on investment facilitation at the WTO’s Eleventh Ministerial Conference held in Buenos Aires in December 2017, a group of 70 members decided to launch a plurilateral initiative. Broadly speaking, investment facilitation refers to measures aimed at helping investors to start, operate and exit their businesses. Aimed at…

Why India should say ‘Sayonara RCEP’!

By Shalini Bhutani | Commentary | July 24, 2018

Japan has been in the news as the flag bearer of free trade in current times. This is particularly so after the USA under President Trump has been questioning international trade rules, be it the multilateral WTO or the regional NAFTA and the withdrawal from TPP. This, however, does not mean that the USA…

Rupee Depreciation: Causes and Consequences

By Kavaljit Singh | Commentary | July 9, 2018

On June 28, 2018, the Indian rupee plunged to an all-time low of 69.10 against the US dollar amid growing concerns over tightening of global financial conditions and higher crude oil prices coupled with the worsening of domestic macroeconomic variables especially the current account balance and inflation.

The mad rush for dollar by importers and…