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Country Insights
The troubles of diplomacy
The US intention to withdraw from the Intermediate-Range Nuclear Forces Treaty has caused a certain level of anxiety in Moscow as it may potentially lead to a new round in the a...
Macroeconomic policy is at crossroads
GDP growth remained markedly more robust than expected in Q3 2018, due to strength of the non-government services sector. Rapid growth was also supported by construction activit...
Does monetary policy work?
Does Chinese monetary policy work? If the central bank changes interest rates, does the market react? Or are interest rates irrelevant and only fiscal policy – direct interventi...
Stress in NBFCs and real estate companies
We review the stages of the slow-moving crisis in Indian finance. At present, NBFCs are facing a stress test. We analyze the small subset of listed NBFCs and identify the firms ...