tag:blogger.com,1999:blog-8595404115121834255.post5230628783565140473..comments2024-03-28T03:24:05.678-04:00Comments on NAKED KEYNESIANISM: Is India on the verge of a BOP crisis?Matias Vernengohttp://www.blogger.com/profile/09521604894748538215noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8595404115121834255.post-7642719750380216612013-08-27T19:42:40.190-04:002013-08-27T19:42:40.190-04:00Sure. But just wait for that inflation... 15% depr...Sure. But just wait for that inflation... 15% depreciation? Oh, they'll feel the inflation alright.<br /><br />But hey, you gotta open up those economies, right? Especially... erm... in order to bring down inflation.<br /><br />No, not a BoP crisis. That doesn't happen without a peg or some substantial hot money inflows. But this is going to hurt and for quite the opposite reasons than The Economist claims.<br /><br />And they've just appointed that cretin to the Bank of India so we know that this inflation is going to be passed on in the form of unemployment. Ugly, ugly, ugly.Philip Pilkingtonhttp://fixingtheeconomists.wordpress.com/noreply@blogger.comtag:blogger.com,1999:blog-8595404115121834255.post-33488255372727575882013-08-27T14:14:26.097-04:002013-08-27T14:14:26.097-04:00ISTM that the best way to manage these sort of thi...ISTM that the best way to manage these sort of things is to start restricting the import of certain items - so as to push the inflation onto those that can bear it. <br /><br />In india's case starting with gold.NeilWhttps://www.blogger.com/profile/11565959939525324309noreply@blogger.com