Archive for January 29th, 2013

RBI’s Third Quarter review of mon policy..

January 29, 2013

Here is the analysis of RBI’s Q3 mon policy. In line with our expectations. RBI cut both repo and CRR by 25 bps each.

Also read the main policy doc and the macro report. The macro report did send fears y’day that perhaps no rate cuts in the policy. But it did come..

 

How Mauritius changed its sugar industry following Schumpeterian creative destruction..

January 29, 2013

A nice speech from Rundheersing Bheenick, Governor of the Bank of Mauritius. He speaks on the occasion of Omnicane raising Medium term notes with StanC as its financial partner. It is a big event as Mauritius is looking at developing its orporate bond market. Omnicane is a sugar company in Mauritius.

In the speech, he speaks how Mauritian sugar industry responded to challenges imposed as Mauritius joined WTO:

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How Iceland’s recovery from crisis was different…

January 29, 2013

A super analysis from Már Guðmundsson, Governor  Central bank of Iceland.

He shows how Iceland had a very different experience with respect to policy responses to the crisis and recovery from the same.

First Iceland did not bail out its banks. It could not as banks were nearly 10 times larger than its GDP. What they did instead was to save the depositors and conducted swap facility to provide foreign exchange. So, in the end Iceland averted a sovereign debt crisis which the developed world is facing:

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