RBI’s counterproductive stop-go policies

The Indian central bank’s ill-fated attempt to stabilise the rupee will come at the expense of macroeconomic stability.

<div style="text-align: left;"> RBI's stop-go printing press in Mysore </div>

Lars Christensen

July 19, 2013

There is a pattern developing among some emerging-market central banks: fear of floating.

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