Archive for November 24th, 2010

Linking business cycle with confidence cycle

November 24, 2010

Sylvain Leduc of FRBSF has this paper on the topic:

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Can India have a problem in housing market as well?

November 24, 2010

Continuing with this housing loan scam post.

Y’day, Dr Reddy was quoted in many newspapers saying India ‘s microfinance crisis is similar to sub-prime crisis. He pointed we have similar kinds of incentives at play.

On similar lines, could we see a housing sector problem in India like we saw in US. After all we have quite a few similarities here as well:

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CBI unearths Housing Loan Scam now…

November 24, 2010

It is clearly a season of scams in India.  Starting from Commonwealth Games, the  issue keeps moving from one potboiler to other. A friend of mine terms all these as Organised crime which I believe is a right term.

Now there is another scam busted by CBI- housing loan scam. The full details are not clear. Some public sector banks officials have been arrested for accepting bribes for clearing certain large loans. Markets crashed in the afternoon tracking the news of arrests of these officials.

This blog has been a huge critique of the housing market developments in India and Mumbai in particular.

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Understanding India’s Balance of Payments data

November 24, 2010

RBI has released this super manual on the subject. Press release is here.

Though the report is on improving the present compilation procedure as well as presentation of  BoP statistics, it explains how the current data is prepared and meaning of each term.

It should help people understand BoP better.

Using default strategy for systemic risks

November 24, 2010

Christian Noyer, Bank of France head in this speech says:

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Bihar elections verdict — public votes for reforms??

November 24, 2010

Much anticipated results of Bihar elections are out. I am really happy to see the current government win a second-term. I have heard and read a lot about how Bihar was changing after living in dark ages for 20 years. Hence, it was more important that people vote for this government the second time and allow the agenda to continue. We all know what happens in State elections when a new government comes to power. All that happens is reversal of what previous government has done.

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