Archive for October 30th, 2013

Women as Central Bankers and Bankers …Can they help get more respect for banking/finance?

October 30, 2013

Post-appointment of Janet Yellen as Fed chief, there have been a few articles questioning why there are few women in central banks?

  • Claudia Goldin of Harvard has asked in a different tone, will the appointment get more women interested in economics? She points economics is not a popular major amidst women..
  • Meanwhile, Karnit Flug has also been appointed as head of Bank of Israel. She was already acting as a chief post retirement of Stanley Fischer as the cabinet hunted for a more eligible person (read male). As cabinet could not get someone, they finally appointed Flug
  • Paola Subacchi (Research Director of International Economics at Chatham House, London) chips in a recent column on the issue. She calls this male dominated central banking industry as the  last gentleman’s club. She adds there are 17 countries where we have women central bank heads Malaysia, Russia, Argentina, South Africa, Lesotho, and Botswana – but they are just exceptions..Both Yellen and Flug were appointed as there was no suitable male candidate.. She also points to this interesting tale of Yves Mersch appointment on ECB board:

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Casinos and Cities: Can They Live Together?

October 30, 2013

An interesting piece by Alan Mallach of Brookings Institution.

He summarises 30 yrs of experience on casinos and cities:

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Comparing EU crisis with Japan and East Asia

October 30, 2013

These comparative approaches help a great deal. You get a sense of how do current crisis/events compare with orevious such events.

Benoît Coeuré of the European Central Bank points to similarities and differences between the three crises:

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How Detroit bankruptcy could alter the key assumptions of municipal bond finance…

October 30, 2013

Sometimes a 100 pager paper fails to make sense and sometimes just a 4 pager does the job,

Gene Amromin and Ben Chabot of Chicago Fed write this must read note on Detroit bankruptcy. It not only explains the economics of bankruptcy of cities in US but the politics as well:

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