Archive for October 10th, 2013

Making Ghana’s financial system more efficient.. (via government intervention..)

October 10, 2013

A nice speech by Mr Henry A Kofi Wampah, Governor of the Bank of Ghana.

When one talks about making markets efficient, the usual thought is get the government out and let the markets be free. And then will come the invisible hand and there will be magic. Despite many people showing the flaw with this thinking, it remains in the minds of people and particularly media. 

So here is this interesting tale of Nigeria.

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Re-Decentralizing the Fed??

October 10, 2013

An interesting food for thought piece by Prof. Amar Bhide. As Prof. Yellen is nominated for Fed Chair we are going to get many such pieces..

He questions this huge surge in power of Fed over the years:

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