Archive for September 28th, 2016

Why study economics (and some lessons for Indian central bank?)

September 28, 2016

Stanley Fischer, Vice chair of FOMC gives a convocation speech at Howard University:

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Struggles to open a bank in UK..

September 28, 2016

I had just posted on how an app based bank got a licence to open a limited bank in India. One might be tempted to think it is easier to open a bank in UK.

However, this is hardly the case. Kevin Dowd posts about struggles of Dave Fishwick to open a bank in the country:

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An APMC tale: why market design matters

September 28, 2016

Nice piece by Niranjan Rajadhyaksha of Mint.

He says APMC were designed with the right intent but have eventually got caught up with similar troubles it was expected to address:

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US policymakers worried about “unelected European bureaucrats” at the helm of Financial Services Board!

September 28, 2016

Talk about deep double standards. For a country which has pushed its own unelected bureaucrats in all kinds of institutions, it is worried that FSB is doing the same.

Financial Services Commitee held a hearing on FSB. Pot the hearing, its press release said:

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