A nice speech on the same by Mr. N. Vaghul, former Chairperson of ICICI Bank.
Much is known (inclusive finance, we need deep financial markets, our banks are too small etc) , but still stitches the whole thing well .
Archive for September 19th, 2011
The Future of Finance in India
September 19, 2011Any hope of recovery in advanced economies should perhaps end with this research paper..
September 19, 2011I have not blogged about the papers presented at Jackson Hole Conference – 2011 which is bad.
This paper by Stephen Cecchetti, Madhusudan Mohanty and Fabrizio Zampolli is a must read. It looks at debt levels in all 3 sectors of economy – households, public and private- of various advanced economies. They also look at threshold levels of debt for each of these sectors to understand when high debt starts impacting growth.
Their findings:
What caused the recession of 1937-38?
September 19, 2011Another interesting perspective on Great Depression. It was a combi of two severe recessions – one from 1929-33 and the other from 1937-38. Hence, it became not just a great depression but a very prolonged one as well.
Now what cause the second one also called as the double dip? (Though we are still not sure about the first one as well)
Mostly Economics 