Archive for May 2nd, 2008

BIS moves a step closer to behavioral economics

May 2, 2008

I came across this latest study by BIS. The motive of the study is:

This report considers how supervisors and regulated firms across the banking, securities and insurance sectors deal with the risks posed by mis-selling of retail financial products, including related regulatory requirements, both with regard to disclosure of information to retail investors and requirements on firms to determine whether recommended investment products are suitable for such investors. A broad range of supervisors provided details of the regime in their respective countries. These supervisors included sector-based, functional regulators and integrated regulators. For the purposes of this report, we refer to an integrated regulator as one who regulates banking, insurance and securities activity.

Interesting. A quick snapshot tells me it is justa  study of how the various financial firms in 11 countries serve their products. I don’t think there are any solutions to ease a particular constraint (high fees/ improper disclosures etc). Anyways, a step forward.

A short note on rice crisis

May 2, 2008

I have been writing quite a bit on the food crisis and rising prices (My analysis of the crisis is here).

I came across this nice short report from International Rice Research Institute) on the crisis in the most important crop-rice. The main reasons for price rise are the same and so are the suggestions to solve the crisis.

Assorted Links

May 2, 2008

1. WSJ Blog points to the dissenters in FOMC

2. Mankiw says what recession?

3. TTR points to why RBI Governor believes India will not grow below 8%.

4. Rodrik on rising food prices

5. EPSA Blog on using technology for financial inclusion

6. Nudges Blog explains how simple Behavioral Economics ideas helps in hospitals

7. IEB on Dr. Manmohan Singh

8. MR on what Google exports

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