Archive for March 19th, 2012

How Ukraine is learning the (wrong) lessons from Greece?

March 19, 2012

A nice post on how Ukraine is learning lessons from Greece default/debt restructuring.  (HT: MR Blog)


Ben Bernanke – A villain or a hero?

March 19, 2012

Though, most must have read this. In case not her is a nice profile of Ben Bernanke and his recent policies. It is by Roger Lowenstein who really does a good job of such type of stuff.

It is full of nice stories and anecdotes.

Nothing much to write or say here.

Just that only time and suture research will tell whether he was a villain or hero. But no matter what, he did prevent the second depression from happening. In this prevention business, his policies are questionable as to whether they led to rise in moral hazard, whether they will be hyper-inflationary or whether he could have done more to prevent the recession (like higher inflation targets etc.) Future research will look at many of the issues and make this liquidity trap literature richer with some more real world examples barring Japan.

Towards a common financial language

March 19, 2012

A fascinating speech/paper by the trio Robleh Ali, Andrew Haldane and Paul Nahai-Williamson of Bank of England. Another classic from Andy Haldane.

In this paper the authors look at his issue of various languages in finance. Just like lingo affects other walks of  life, so it does in economics and more so in finance now:


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