वित्त मंत्रालय के तहत एक स्वायत्त अनुसंधान संस्थान

 

Macroeconomics

Methods for measurement of delays in the bankruptcy process

25/11/2016

blog author image

When dealing with distress, the single big idea for avoiding value destruction is speed of action. Delays destroy value. When we cope with failing firms (through a bankruptcy code) or failing banks (through a resolution corporation), the measure of institutional quality is the recovery rate, and the key determinant of ...


Runs on real estate companies?

25/11/2016

blog author image

A new threat

 
Many households in India like to invest in real estate, even though this has not worked out as a great asset class. The Indian real estate business has been facing considerable difficulties in the present business cycle downturn. The recent `de-monetisation' is expected to adversely affect ...

Demonetisation and the Currency Substitutes

25/11/2016

NIPFP blog author image

The demonetisation by the government removed 86 percent of the currency in circulation. This was all currency being held in the form of Rs 500 and Rs 1000 denomination notes. These notes are currently being replaced gradually by notes of Rs 100 and Rs 2000 denomination. There are two problems ...


Demonetization: Cure and Care

23/11/2016

There is no magic bullet that can reduce black/unaccounted income in an economy. The process that generates black money in an economic system is complex. Before acting on a remedy it is important to understand the process of black money generation. It is generally argued that complex tax system ...


Tackling black money

17/11/2016

blog author image

On November 8, the US elected Donald Trump, and our government decided to trump black money. The move to discontinue the higher denomination notes in circulation is bold. However, boldness is not a virtue in and of itself. It needs good company. The decision creates some benefits, but it is ...