Originally published in The Hindustan Times
By Dhruva Jaishankar
Special Report, Energy & Climate
Special Report No. 11
By Piyush Verma, Medha Prasanna, and Sarah Salah
Economic Development
By Udaibir Das
If the governor is the last port of call, choosing one is not a staffing decision. The question is no longer who is senior or who is loyal, but who can fight a fire, who can say no and whose word the market will trust at three in the morning. Independence can be hollowed without being repealed. The clause reads perfectly while the substance is gone.
Background Paper, Technology Policy, Energy & Climate, Foreign Policy & Security
Background Paper No. 38
By Jeffrey D. Bean and Dhruva Jaishankar
Economic Development
By Udaibir Das
Drawing on the public sector balance sheet literature, the economics of sovereign self-insurance, and the Knightian distinction between risk and uncertainty, this paper argues that conventional sovereign asset-liability management is necessary but incomplete.
