This paper puts forward a proposal to help monetary policies confront the challenge of the "normalisation" of money creation and interest rates. The difficult unwinding of years of unorthodox policies put financial stability at risk in major monetary centres and in EMEs. The authors argue that...

Indian policy makers have welcomed India's framing as a "rising power" and celebrated the BRICS initiative as a common front in reforming aspects of global governance. Yet China's rise in Asia has unsettled the balances of power which have underpinned the region, as a consequence of which India...

This paper puts forward a proposal to help monetary policies confront the challenge of the “normalisation” of money creation and interest rates. The difficult unwinding of years of unorthodox policies put financial stability at risk in major monetary centres and in EMEs. The authors argue...