Archive for October 7th, 2013

RBI’s recent measures to ease liquidity (7-Oct-13)..

October 7, 2013

RBI further eased liquidity measures today evening. It lowered the MSF by 50 bps to 9% (spread between Repo and MSF is 150 bps now) and announced another fancy instrument – term repo for liquidity easing:

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A brief history of finance and Prof Fama’s life at Chicago

October 7, 2013

A short and nice article on how Fama came to finance and how finance has developed over the years.

It is amazing to note how top econs/fin guys cite role of serendipity/luck in choosing economics and  right areas. it is even more ironical how little econs count luck as a factor in analysing economic developments:

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Indian economists, with a few exceptions, do not understand macroeconomics….

October 7, 2013

Says Partha Sen of DSE in his recent EPW piece. Well he talks about India’s Current account crisis and in the process takes a jibe at the econ community in India.

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