Models can illuminate the economy, but when they overlook financial behaviour, trade credit and business realities, policy can diagnose the wrong problem
BL Chandak
September 1, 2026 at 6:13 AM IST
istock.com
When fiscal dominance weakens central banks, the first casualty is often currency stability. The rupee’s path today echoes the struggles of the yen and yuan.
V Thiagarajan
September 26, 2025 at 6:56 AM IST
iStock/Pla2na
