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A Study of the Non-Banking Finance Companies in India

Author: Rajeswari Sengupta, Lei Lei Son, and Harsh Vardhan Title: A Study of the Non-Banking Finance Companies in India Abstract: In late 2018, the default by a major non-banking financial company (NBFC) in India led to a credit crunch in the Indian economy. The crisis raises questions about the business […]

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Global Shocks and International Policy Coordination

Author: Ashima Goyal and Rupayan Pal Title: Global Shocks and International Policy Coordination Abstract: We argue emerging markets (EMs) have become large enough to make it in advanced economies (AEs) own interest to reduce negative spillovers to EMs. It follows the potential for international cooperation in macroeconomic and prudential policy […]

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