The elephants in the room at the annual International Monetary Fund/World Bank meeting in Lima, Peru, were the China-inspired Asian Infrastructure Investment Bank (AIIB) and New Development Bank (or “BRICS Development Bank,” as it was originally called). The real...

This week, the US Congress again failed to approve a modest appropriation that would have shored up financing for the International Monetary Fund and given China and other emerging economies greater responsibility there. Support for the IMF may seem arcane, but it has important implications for Amer...

From the article:  In our last piece, we had argued that taxation is the economic glue that binds citizens to the state in a necessary two-way relationship. A citizen's stake in exercising diminishes if he does not pay in a visible and direct way - typically via direct taxes or user fees -...

In this technical presentation Devesh Kapur, Marla Spivack, Arvind Subramanian, and Milan Vaishnav use trade data to search for an explanation for three intriguing facts about Indian gold imports.

CGD Non-Resident Fellow Devesh Kapur co-writes about approaches to the social safety nets for India's poor.

CGD Fellows Arvind Subramanian and Devesh Kapur co-author a column about economic growth and inclusion in India.

Another measure to finance the current account promoted by the financial community has been to defend the currency via tighter policy. The government and the Reserve Bank of India have - fitfully and half-heartedly, to be sure - accepted this advice.