Dr. Viral V. Acharya, CV Starr Professor, NYU-Stern, Former Deputy Governor, RBI and Visiting Chair Professor of NISM delivered a session on “Federal Reserve Normalisation and the EMs: Is this time (Really) different?” at NISM, Patalganga Campus today.

He started the discussion by recalling the inflationary history of the United States of America followed by the issues in sub-continent, particularly the prevailing debt crisis of Sri Lanka. Dr. Acharya also highlighted the fiscal stimulus initiatives by the US fed and its impact on the global market by way of visualization through several market indicators through statistical pieces of evidence. He was also touched upon several geo-political issues pertaining to the fiscal stimulus during his discussion.