Document Type

Working Paper

Abstract

This note proposes policy options to address the massive financing deficit faced by both government and industry due the current COVAID pandemic. Broadly, we suggest that foreign currency borrowing, and money financing should be seriously examined to finance government borrowing. For the case of industry, we make the case for the RBI to carry out large scale busying of corporate bonds to alleviate the credit crisis in the private sector.

Publication Date

1-4-2020

Publisher

Indian Institute of Management Bangalore

Relation

IIMB Working Paper-612

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