LONDON – At university in the United States in the early 1980s, I was taught the iconic Mundell-Fleming macroeconomic model, which predicts that a currency’s exchange rate will appreciate in response to an increase in the issuing country’s budget deficit. The Asians, Africans, Latin Americans, and southern

TOKYO – When it was announced on September 13 that the consumer price index – a key measure of inflation – in the United States had increased more than expected in August, stock prices plunged and the US dollar appreciated sharply. Markets knew that this would spur the

The Ministry of Finance (MoF) on behalf of the Government of Nepal and the Embassy of the Republic of Korea on behalf of the Government of the Republic of Korea signed the Memorandum of Understanding (MoU) for 2 projects “Strengthening Stage-Wise Support System for the

The 9th meeting of the Joint Committee on Water Resources, co-chaired by Shri Pankaj Kumar, Secretary, Department of Water Resources, River Development and Ganga Rejuvenation, Ministry of Jal Shakti, Government of India and Mr. Sagar Rai, Secretary, Ministry of Energy, Water Resources and Irrigation, concluded