Archive for July 2nd, 2015

Book Review — The Chastening: Inside the Crisis That Rocked the Global Financial System and Humbled the IMF

July 2, 2015

It is amazing to read this book by Paul Bulstein on South East Asian crisis (and Russian and Brazil) and role of IMF/Washington to mitigate (actually worsen) the crisis. Why it is amazing is one can just change the country setting and some players (many players like Stan Fischer still remain) and you get a recipe for ongoing Euro and Greece crisis as well.

The book is like a breezy thriller on the 1997 crisis full of plots and sub-plots:

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A bank that takes Parmesan cheese as collateral..

July 2, 2015

Interesting article in HBSWK.

Nikolaos Trichakis of HBS has prepared a case on Italian regional bank Credito Emiliano which takes cheese as collateral:

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