More on the capital control debate. Some interesting comments on it all.
The IMF chief has warned about India imposing capital controls.
Perhaps, shaken by the market response to the promissory note regulation by SEBI. Chidambaram, has repeatedly made comments to the media that there are no capital controls on the horizon.
A old editorial by Arvind Subramanium in the Business Standard, now here at his Peterson Insitutite website makes a great point. Whatever the intent of the administration is, do not let the market reaction dictate the policy. "So, if there is one advice to give policymakers on capital account issues it would be this: Don’t panic and retreat in the face of market reaction."
And since we are on the oh,so general topic of macroeconmics, why not include a comment on AID!!
Have you ever looked at the many aid indexes and wondered to yourself, "hey this ranking of aid and commitment/philanthropy/world cup finish/diplomacy/bleeding hearts - i mean its just not doing it for me anymore!!"
Well the United Nations is there to help. Heres a new ranking of countries which looks at the quantitatively intense indicators of - "humanitarian response" and "impartiality and implementing humanitarian law". Wow, and here you thought they couldn't rank anything else.
The purpose of the new report is "not to be “a name-and-shame exercise”, according to Silvia Hidalgo, director-general of Dara, but rather to be “a vehicle...to improve the quality of humanitarian aid”
Indeed. Im sure no one is going to mind a little shame on the side either. Im looking at you Austria.
*New readers of this blog to note - Im the sarcastic one.
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