Zimbabwe needs to introduce a hybrid foreign currency management system or create a long maturity US$ Brady type bond to preserve savings amid the currency chaos, renowned economist Ashok Chakravarti has advised.
Nov 04
Aid, Institutions And Development: New Approaches To Growth, Governance And Poverty
In spite of massive flows over the past 50 years, aid has failed to have any significant impact on development. Marginalization from the world economy and increases in absolute poverty are causing countries to degenerate into failed, oppressive and, in some cases, dangerous states. To address this malaise, Ashok Chakravarti argues that there should be …
Nov 04
Institutions, Economic Performance and the Visible Hand: Theory and Evidence
This timely study convincingly argues that it is not resources but the institutions which govern the interaction and decision-making of economic and political agents, that are the key factor in determining the economic performance of nations. The book challenges the conventional wisdom on the determinants of economic performance and provides an alternative vision of the …
Nov 02
Imperfect Information & Opportunism
Journal of Economic Issues, Vol. 51 Issue No. 4, December 2017 www.tandfonline.com/doi/full/10.1080/00213624.2017.1391594 IMPERFECT INFORMATION AND OPPORTUNISM Information is a scarce resource. It is inherently available only in limited form to decision makers. Limited or imperfect information is caused by uncertainty – both ontologic and epistemic, limitations in cognitive capabilities or bounded rationality, hidden information and …
Nov 01
New Economic Environment in Zimbabwe
Ashok Chakravarti explains the new policy direction in Zimbabwe after the fall of Robert Mugabe
Oct 31
Zim Bank Deposits Are Not In US Dollars
Video: Ashok Chakravarti explains that Zimbabwe bank deposits are not really in $US.
Oct 12
Zimbabwe currency crisis: No cash, no bread, no KFC
By Andrew Harding, BBC News, Harare A deepening unease is settling over Zimbabwe as the country’s fragile local currency loses value at an alarming speed, prices soar, local and foreign businesses close their doors, and people wonder whether their savings are about to be wiped out once again, as they were during the economic collapse and …
Oct 11
Discussion On Zimbabwe’s Economy With Ashok Chakravarti, Sifelani Jabangwe And Godfrey Kanyenze
Last week, Sapes Trust held a discussion on Zimbabwe’s economy with Economist Ashok Chakravarti (representing the Finance Minister and himself), CZI President Sifelani Jabangwe and Economist Godfrey Kanyenze of LEDRIZ
Oct 01
Let the bond float, govt told
GOVERNMENT should not peg the exchange rate of the bond note, allowing it to float freely within the multi-currency system as a first step towards the introduction of a proper local currency, says local economist Ashok Chakravarti.
Mar 21
‘Looters’ pushed into defence corner
Government consultant and economist Ashok Chakravarti said it was important to remember that a lot of these foreign investors had significant investments in the country.