Archive for April 16th, 2014

Indian petrochemical industry – basics and issues

April 16, 2014

A nice paper on a highly important but relatively unknown industry – petrochemicals..Wish we have more of such papers giving one insights on Indian industry. This paper too could have been simplified giving the whole logistic chain in a pictorial fashion and connecting the dots..

The paper is written by ICRIER trio Saon Ray, Amrita Goldar and Swati Saluja.

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Emergence of the Fed as a modern/independent central bank

April 16, 2014

Bernanke yesterday lectured at Mumbai saying the new government should ensure the autonomy of RBI continues. Owen Humpage of Cleveland Fed has this very useful paper on how Fed became a so-called modern independent central bank.

Humpage says one is not sure when Fed became a truly independent central bank. The concept of independence is a mutable and fragile one. The paper leans gives a political economy perspective of independence and show how US govt used Fed as an agency to fulfil the overall economic goals:

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History of virtual currency and whether these currencies will succeed?

April 16, 2014

Two articles. First by Financial Cryptography website. It says this bitcoin thing is nothing but a repitition of history. The second is by Daniel Thornton of St Louis Fed who discusses what makes these currencies tick. So first looks at history and second looks at the future..

First a bit of history:

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