Archive for June 13th, 2014

RBI simplifies process of giving address details for opening bank accounts

June 13, 2014

IFMR Blog points to this development at RBI’s end.

Apparently, RBI has simplified the process of providing addresses while opening bank accounts:

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What did Bank of Japan lack in its previous policies to boost economy?

June 13, 2014

BoJ has been using Quant easing and related polices for more than 15 years now. So, why was it not as effective? Moreover, what is it new about its recent QE policy (called QQE bu BOj – Qualitative and Quantitative  Easing)?

BoJ chief  Haruhiko Kuroda reviews eco theory around QE and the QE polices of Japan :

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Why Do India’s ‘Cheapest Cities in the World’ Feel So Expensive?

June 13, 2014

Eric Bellman on WSJ Blog poses this interesting question. Most surveys show Indian cities to be really cheap compared to the western counterparts.  But still Indians find their cities really expensive. Why is it so?

One thing is the recent slide in Rupee which has made it far cheaper for expats living in India. Though this still does not explain why Indians find India so expensive. One reason is most surveys do not include housing rent:

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The political economy of hosting World Cups…should only developed world host these cups?

June 13, 2014
Nauro F Campos of Brunel University has an interesting post on the hot topic of protests in Brazil iver hostoing World Cup. How can a country which is so mad about football protest so much hosting this cup in their own country?
He says we need to look beyond simple economics to figure this thing out.

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