Bellwether's Stories | Echelon

Central Bank Skates On Thin Default Ice With Latest Rate Cut

The buffer is not foreign reserves, as the IMF and macroeconomists imagine; it is the interest rate

Treasury Should Buy its Own Dollars to Settle Debt and Avoid a Second Default

The pro-cyclical rate cut by the central bank requires early countermeasures

How Economists Busted Nationalism in Sri Lanka and kindled it in the US

When there is inflation and monetary problems, nothing works.

features,public-policy

Sri Lanka Should Sell Floating Rate Consols in Rupees and Dollars

Countries with central banks like Sri Lanka never escape crises

Flexible Exchange Rates Profits Banks; Gives Losses to a Nation

A flexible exchange rate regime hurts people

Who will the IMF and Sri Lankan Macroeconomists Elect at the Next Polls?

A stabilization programme is when fringe elements are most likely to be elected

The Problem with the Central Bank's Salary Hike

Sri Lanka central bank salary hikes insulate them from their own errors, demonstrating a lack of accountability

Central Bank Standing Facilities as Lender of First Resort: Removing Counterpart

Sri Lanka should impose counterparty limits to liquidity tools and charge a premium

Sri Lankans Deserve Better from Macro-Inflationist Central Bankers

People and politicians should protest the annual 7% inflation target, not a 3% lifetime VAT

Sri Lanka Should be Cautious About Using Cash Buffers to Push Down Interest Rates

Interest rates are high and inflation is high because of an inferior monetary anchor

SRI LANKA LEGISLATORS SHOULD DENY GOAL INDEPENDENCE TO THE CENTRAL BANK

If parliament rubber stamps a 4-6% inflation target, which has demonstrably failed.

Sri Lanka should be cautious in expanding socialist-leaning taxes

High rates and capital consumption taxes are not a substitute for monetary stability.

THE CENTRAL BANK WILL NOT BE ACCOUNTABLE AS LONG AS IT CAN PUNISH ITS VICTIMS

There is nothing in the new law to stop the SOE from acting with impunity as central banks usually do.

IMF BUDGET SUPPORT CAN HIT THE RUPEE, DENY STABILITY FOR REFORMS

If a central bank collects reserves, it cannot do inflation targeting or output gap targeting

SRI LANKA TO CONTINUE 73 YEARS OF INSTABILITY WITH PSEUDO INFLATION TARGETING

The inclusion of macro-prudential laws is an admission that money is bad.

SRI LANKA'S SOVEREIGN DEFAULT IS NOT REALLY CHINA'S FAULT

Politicians must control the economists in the reserve-collecting central bank by taking away their powers to print money

SRI LANKA MACROECONOMISTS IGNORE SOUND MONEY, POLITICIANS, PEOPLE PAY THE PRICE

Best advice from the economic architect of Singapore discarded in favour of depreciation, flexible regimes.

SRI LANKA'S 'EXPORT ORIENTED' POSTER-CHILD VIETNAM IN CURRENCY TROUBLE

Non-rules based flexible exchange rate policy and their inevitable consequences.

SRI LANKA'S CB CREATOR JOHN EXTER'S PRAISE OF CURRENCY BOARDS

In 1968 with Bretton Woods' soft-peg hanging on a thread, the advantages of currency boards had become clear.

SRI LANKA'S TRAGEDY AND THE LOST WISDOM OF D S SENANAYAKE ON GREECE AND CHINA

A politician sounded the first warning on the day Sri Lanka's central bank was created.

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