Karan Mehrishi is the author of "The India Collective: What India is Really All About" and the forthcoming "The Making of Monetary Policy in India: Imagining the Future."
In her working paper titled "From Health Crisis to Financial Distress," Carmen Reinhart, a Harvard Kennedy School professor and former World Bank economist, said that "asset price bubbles emerge during economic booms" amid the mistaken belief that "this time, it's different."
