[Co-authored with Ajay Shah and Avirup Bose]

The world of high technology companies is seen as a dynamic area with a rapid pace of creative destruction. There is, however, a class of industries where there are strong network effects, where the market tends to collapse into …

[Co-authored with Mayank Mishra and Smriti Parsheera]

The context

[Co-authored with Pratik Datta]

The key test of any default resolution process is: how much value is recovered by the lender? The most important factor that determines this amount is the time taken to complete the resolution. India has set up many recovery mechanisms that have …

Transparency and governance in central banks

The United States Federal Reserve’s (US Fed) decision to raise interest rates by 25 basis points could have a significant impact on global economic growth. The Fed has decided to go “hawkish” this quarter and Fed Chief Janet Yellen’s commentary on future rates hikes has led to negative reaction …