Archive for October 25th, 2010

Liquidate or liquefy?

October 25, 2010

Is the title of this article by Daniel Gros.

He says Europe has chosen ‘liquefaction’ over liquidation. It has preferred to continue to pump liquidity in its banking systenm helping them survive. However, liquidation or celaning up the system is as important:

(more…)

Advertisements

Is IMF contributing to downside risks?

October 25, 2010

Mark Weisbrot and Juan Montecino of CEPR in this paper argue that IMF is contributing to downside risks:

(more…)

Why didn’t the industrial revolution start in China?

October 25, 2010

I am trying to read up works of Justin Lin, World Bank’s chief economist. I just pointed to his wonderful analysis on why China grew after 1979?

Now, I just discovered another of his interesting paper (via the references on China after 1979 paper). It talks about the Needham Puzzle. Needham was an economic historian who points China was a strong economy with good institutions in 14th century. Then why did the industrial revolution only happen in UK (& Europe) and not China? This Lin refers to as Needham Puzzle.

(more…)


%d bloggers like this: