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The fiscal conundrum: can monetisation of sovereign bonds by RBI be a post-pandemic booster shot?

The fiscal conundrum: can monetisation of sovereign bonds by RBI be a post-pandemic booster shot?
The fiscal conundrum: can monetisation of sovereign bonds by RBI be a post-pandemic booster shot?
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Synopsis

Indonesia recently announced a plan for direct monetisation of sovereign bonds to be purchased by its central bank. While the RBI doesn’t directly monetise the government’s deficit, India could take a cue from Indonesia and take this route to finance the widening shortfall.

In the world of behavioural finance, ‘the game of chicken’ is often cited as a useful analogy to explain human fallibility. The phrase, according to some, has its origin in a dangerous game in which two drivers are headed on a collision course at high speeds and one of them must swerve to avoid a crash that could kill both. And the one who changes direction to avert the accident will go back home with the tag of a ‘chicken’, or a coward, if
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The Economic Times