Asia

The current bout of exchange rate anxiety is really just a symptom of the fact that China’s transition from an export-led growth strategy to one propelled by domestic consumption is proceeding far less smoothly than hoped.

With the RMB in the SDR, careful progression in China could balance the international monetary system.

There is a deeper story to be told about the inclusion of the Renminbi.

“Governments propose, markets dispose,” as Charles Kindleberger liked to say.

We provide an explanation for the large spatial wage disparities and low male migration in India based on the trade-off between consumption-smoothing, provided by caste-based rural insurance networks, and the income-gains from migration.

The effect of ethnic violence on electoral results provides useful insights into voter behaviour and the incentives for political parties in democratic societies.

The best-known China bear says the emperor is not yet naked, but getting there.

Bursting Bubbles leave a mess – in the markets, throughout the real economy, in societies, in politics and with policymaking.

Rana Dasgupta shares his view of the contradictions and tensions of India’s economic and political scenes.

A British national of Bengali origin, novelist Rana Dasgupta recently turned to nonfiction to explore the explosive social and economic changes in Delhi starting in 1991, when India launched a series of profoundly transformative economic reforms.

This research project explores the causes and consequences of the rise of China’s shadow banks based on the Modern Money Theory and its extension on the analysis on modern financial systems.

Ajay Kela on creating a culture of entrepreneurship in India.

How to rebalance Chinese economy has become a topic of heated discussion. After years of fast economic expansion, now China faces a difficult crossroad. The global financial crisis provided clear evidence that China’s traditional export-driven strategy is vulnerable to slumps of the external demand.