Sri Lanka defaulted on its external debt for the first time in its postcolonial history…
The Dollar Drain C. P. Chandrasekhar and Jayati Ghosh
A recent spike in the volume of foreign exchange outflows under the Liberalised Remittance Scheme suggests that India is vulnerable to large scale capital flight, if economic uncertainty increases.
Dollor_Drain (Download the full text in PDF format)
(This article was originally published in the Business Line on December 18, 2017)