Markets

This week’s long-speculated departure of Indian central bank Governor Raghuram Rajan reflected the Indian government’s view that he was no longer welcome at the helm. However, it also reflects the challenges all central bankers face in driving an economy. Post the news,...

The result of the U.K. referendum on European Union membership has been a surprise and massive shock to so-called “expert” opinion. In addition, not just to academic opinion: The betting markets, which are supposed to be inhabited by experts at setting odds, were...

The United Kingdom has voted by a close margin to leave the European Union. Here, experts from around the world react to the news which has sent shockwaves around the world and what it means for their country. This article will update....

British people have woken up to the news that their country has voted to leave the European Union. Along with this, there has been turmoil in financial markets – the pound has hit a 30-year low and the FTSE dropped more...

According to current IMF projections, India is now the fastest growing major economy in the world. In 2016, it is expected to grow over a full percentage point faster than China. This is a remarkable turnaround by any standard and...

In the vitriolic debate over the UK's membership of the EU, Turkey's potential membership became one of the talking points.  Prime Minister Cameron, who has advocated Turkey's eventual membership, is likely correct in his assessment that this that if it...

The UK's referendum is underway.  The capital markets are continuing the move that began last week with the murder of UK MP Cox.  The tragedy seemed to mark a shift in investor sentiment.  Sterling bottomed on June 17 just ahead...

British voters head to the polls this week to decide whether to “remain” in the European Union or “leave” it. The most recent surveys suggest the outcome is too close to call, with those favoring an exit holding a slight lead and...

In economic terms, the federal system was created with the intention of maximising economies of scale, while still providing public services to cater to people’s divergent preferences. However, there is more to federalism than just the economics. In political terms,...

Religious identity and gender relations are integral to women’s experiences of citizenship in Indonesia. While around 88 percent of Indonesia’s population is Muslim, it is emphatically not an Islamic state, in which state law and Islamic law are coterminous. So...

It is not just that the polls indicate that the outcome of the UK referendum is too close to call, but the mere fact that the referendum is being held in the first place is significant.  It was not Labour,...

The UK’s EU referendum is too tight to call, which will virtually ensure protracted economic uncertainty, market volatility and political risk. The worst has already happened. The UK’s EU referendum is too tight to call, which will virtually ensure protracted...

To the Philippines’ president-elect Rodrigo Duterte, the world is black and white, with hardly any shades of grey in between. His view informs his policy approach. His law and order platform, for example, promised change in a country riddled with...

Despite historical misadventures with socialism and recent positive experiences with liberalisation, India continues to regularly fight the market. The most recent example is the Delhi government’s move to ban Uber’s surge pricing, a regulation that can only result in a...

The betting and events markets have shifted more decisively than the polls in favor of the UK to remain in the EU.  Sterling extended its rally from $1.4010 last Thursday to nearly $1.4785 today, as the market participants adjust positions. ...