Archive for January 25th, 2012

Global financial crisis and new awakening

January 25, 2012

A nice speech by B. Mahapatra ED of RBI. He speaks at the convocation ceremony of one of the B-schools in Mumbai. Summary is:

Let me now sum up. I started with the Arab Spring Movement – a social revolution. I thereafter discussed the growing frustration of the public with corporate greed and wealth disparities that symbolised the Occupy Wall Street Movement.  I touched upon the Los Indignados Movement in Spain reflecting the angst of the public which has grown resentful of the economic and political systems. These have been the three standout “awakening” movements of 2011. All the three movements have used social networking platforms effectively to arouse public opinion and thus highlight the power of the youth when unified. I have thereafter touched upon the economic, strategic and ethical factors behind the crisis and the lessons to be learnt. I have particularly underscored the ethical dimensions which you must keep in mind throughout your life.

It has some nice basic info on the various social movements  in 2011…does not include the anna movement on corruption though…

Books on newspaper/media dynasties

January 25, 2012

Dynasties and in particular newspaper dynasties are a great topic to follow and read.

Amanda Smith picks five books which provide some more spice on the topic.

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Are markets now overestimating risks in Europe?

January 25, 2012

Paul De Grauwe and Yuemei Ji have written a paper on the same. They summarise it here.

They say first markets underestimated the risks between 2001-08  and are now overdoing things.

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Is CRR a liquidity or a monetary tool?

January 25, 2012

Is the title of my new article in Mint.

The print edition has a pretty interesting pic as well (page 4). It is there in the e-paper (dated Jan 25, 2011) as well. Was quite interesting to get photos clicked like that…


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