Brad Setser points out that India doesn't peg to the dollar as much as China; India's forex reserves are falling, (this is me: while China's forex reserves are probably rising).
So we need to understand that the only really significant support for the US dollar's status as a central bank reserve currency comes from China, among state actors.
I think there is some risk that the US dollar can in the medium term lose its status as a central bank forex reserve currency.
Bank recapitalisation: The myth around growth capital - by Rajeswari Sengupta and Anjali Sharma. Bank credit to the economy has slowed down. In 2016-17 (year-on-year as at September), overall bank credit grew at...
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