India Should Have Learned From Walter Bagehot
Support columns for a flyover stand under construction on a road in Patna, Bihar. (Photographer: Prashanth Vishwanathan/Bloomberg)

India Should Have Learned From Walter Bagehot

(Bloomberg Opinion) -- Almost 150 years later, Walter Bagehot’s advice on how to deal with a liquidity crisis still rings true. The problem, as India found out last month, is in implementing it.
BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.