As regards our region, it is important to raise the question of how consistent it is with socially responsible behavior to offer credits denominated in Swiss francs or Japanese yens (the latter, fortunately, never a practice in Serbia) when no bank would willingly assume such a risk! Perhaps because bankers are very well aware of what the exchange rate risk implies.
Why the current debate on revival of Indian economy First, the deceleration of economic activity for the second year in succession has raised some concerns about the feasibility of rapidly moving the economy to a higher growth path in the medium term. Added to this is the public perception that India is not immune to the slowdown phase of the global business cycle.