Archive for November 21st, 2017

50 years ago: When banks closed for two days in Pakistan following devaluation on 19-Nov-1967..

November 21, 2017

India devalued the Rupee in 1966 amidst fair bit of drama.

Pakistan followed in 1967 with its own set of drama:

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European Banking Authority to be relocated from London to Paris: History of International Financial Centres remains exciting..

November 21, 2017

Post-Brexit, some of the EU agencies have to be relocated from London to other places. Actually there are just two agencies: European Medicine Agency and European Banking Authority.

European Banking Authority was established in 2011 post Eurozone crisis. Its objectives are:

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When the definitive history of demonetisation is documented, RBI’s valiant defence of financial stability hopefully gets its due?

November 21, 2017

It is like when the kings force war onto its people and then saying look how well I defended you.

RBI Executive Director and MPC member Michael Patra in this speech reviews one year of RBI’s Monetary Policy Committee and comments:

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