Ill Winds from Europe C.P. Chandrasekhar and Jayati Ghosh

The crisis intensifies in Europe and threatens to trigger a second global downturn in five years. This time, Asian countries, which weathered the last crisis well, seem less resilient. In fact, the evidence points to many routes to the spread of contagion to Asia. Europe (Download the full text in PDF format) (This article was originally published in the Business Line on 6 August 2012)

Year of Centenaries Jayati Ghosh

Leap years have a certain mystique and even a mythology to them: they are seen as special, and often have of way of becoming just that, somehow living up to the expectations that people have of them. Certainly the year that has just started will mark many significant anniversaries. It is the centenary year for many events that have either shaped subsequent history or simply got embedded into our collective consciousness: the construction of New Delhi as the capital city of Imperial India; the maiden – and final - voyage of the “unsinkable” Titanic, the ship that famously struck an…