Archive for February 25th, 2011

Central bank profiteering in Zimbabwe

February 25, 2011

Stephen Matteo Miller and Thandinkosi Ndhlela of Monash University have this interesting paper on Zimbabwe Central Bank.

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Are parliamentary systems better in managing financial crisis?

February 25, 2011

FCIC has closed operations after submitting its controversial report. While closing shop, it has released a huge library of closed- door interviews, videos and documents.

JR Varma in his superblog points to transcript of the testimony held with Bernanke. Bernanke says US was the only country/democracy where a firm failed (Lehman). In rest of the democracies firms were saved. Why? He thinks it is US Presidential system which does not allow the US government to act quickly. Hence, Fed was the only option:

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