Archive for January 27th, 2015

Tale of Two Commissions ..Planning and FInance

January 27, 2015

Dr YV Reddy has a nice speech on the topic. It is a comprehensive review of how the two commissions have evolved over the years.

PC is obviously no more but FC is here to stay:

(more…)

Advertisements

Is bancassurance model horribly anti-consumer?

January 27, 2015

Debashish Basu reflects on the recent policy on bancassurance model. He says banks anyway fleece customers for all kinds of fin products including insurance. The new guidelines give them a bigger licence to continue doing the same:

(more…)

Has the manager in information age become like a zamindar (landowner) of industrial age?

January 27, 2015

Nice food for thought piece by Ajit Balakrishnan.

He says how the developments in IT era are leading managers role to become redundant. This is far cry from the earlier world where manager ruled the world:

(more…)

Central Bank talking…from too much to too little?

January 27, 2015

Economists continue to remain silent about the many theories/ideas they had created in the 1990s and won a lot of admiration/tenures in the process. Most of these ideas are being questioned now but the hype over what econs can do continues. One such idea was importance of central bank talking which was euphemistically called central bank communications. The  notion was that central banks should communicated as much as possible to markets, communications are a potent tool as open mouth operations as important as open market ones and so on. Be more and more transparent. These talks were to guide market expectations, anchor inflation expectations and what not. From a non-entity, central bankers became a highly followed figure with each word being tracked and analysed.

Cometh the crisis and things like forward guidance were seen as a highly important tool. Central bank after central bank came with new ways to guide markets. Some indicated a date, some indicated amounts and some both.  We are all seeing these ideas failing badly now. Central banks have become victims of their own perceived success. All these things like communications and transparency have just made markets highly reliant on central banks. This has created huge uncertainty as we have seen in the last 4-5 years.

Satyajit Das has a piece on the same:

(more…)


%d bloggers like this: