Imagine India’s GDP growth had collapsed to 3%; inflation was about to hit double digits; exports were tanking; and the country’s twin deficits—in the government’s budget, and in the nation’s current account—were out of control. It’s only when the Reserve Bank of India (RBI) tries to imagine such a dire scenario for March 2019 that its simulation exercise for bad ...

Securities, or not securities. That is the crypto question. Except in Thailand. While regulators around the world have grappled with the issue of what category digital currencies and assets fall into, Thailand has skipped the debate altogether. Instead, using an emergency decree that came into effect earlier this year, authorities wrote an entirely new law. The result is the Digital ...

British Chancellor of the Exchequer Philip Hammond and Bank of England chief Mark Carney are a two-man Brexit juggling act, valiantly trying to convince the outside world that they can keep the UK from crashing to earth. The duo have survived political mud-slinging by Brexiteers, a faltering economy and heavy criticism of deep cuts to public spending (Hammond) and historically ...