Archive for January 13th, 2011

Bank-Based vs Market-based financial systems in the crisis

January 13, 2011

RBI Deputy Governor Shyamala Gopinath covers the topic in her speech.

In sum she says, despite financial systems becoming more market based in US, Banks played a central role. Before and During the crisis, it was how banks performed their role of liquidity providers that mattered.

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Why US Household Savings have increased?

January 13, 2011

Reuven Glick and Kevin J. Lansing of FRBSF write on the topic in this short note. They say savings rate has increased mainly because of decline in credit available to households. Pre-crisis, savings rate declined to 1% levels mainly because of easy credit conditions. And after the crisis, savings rate has risen to 6% as credit to HH has declined.

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Should we limit size of cities?

January 13, 2011

Economist is running a debate on this topic.

This house believes that restricting the growth of cities will improve quality of life.

Adam Roberts , South Asia chief of Economist is the  moderator. Chetan Vaidya, director of the National Institute of Urban Affairs in India, opposes the motion. Paul James, director of the Global Cities Institute at RMIT University in Australia supports the motion.

Roberts says cities have increased manifold and quality of life is suffering:

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