Archive for May 9th, 2019

Kerala launched offshore chit fund for NRIs…

May 9, 2019

This is just a fascinating news in Mint (which I missed). Kerala has a long history of chit funds. Despite several misses and crises in chit funds industry, it continues to be an important source of financial intermediation in Kerala.

Now they are launching chit funds for NRIs. A pilot was launched last year in Gulf:

(more…)

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Cross-border Trade Credit: A Post-Crisis Empirical Analysis for India

May 9, 2019

New WP by RBI economists: Rajeev Jain, Dhirendra Gajbhiye and Soumasree Tewar:

The paper profiles trade credit extended by domestic and foreign banks to Indian importers, focusing on its size, composition and cost pattern. Using a
panel data of 55 banks for 2007-08:Q1 to 2016-17:Q4, the paper finds that both demand and supply-side factors influence the flow of trade credit.

The paper suggests that higher imports – whether due to high prices or volumes – lead to an increase in trade credit. From the supply-side perspective, financial health of banks, cost of trade credit and size of their overseas network seem to influence their trade credit business.

In light of the empirical findings, banks need to expand their global banking relationship and shift towards the use of globally accepted trade finance instruments instead of indigenous instruments (i.e., LoUs /LoCs) which, however, may push up the cost.

LoU was in controversy in the recent PNB crisis…

Intelligent Economist’s 100 economics blogs of 2019

May 9, 2019

Intelligent Economist released the rankings for 2019.

Welcome to the 4th Annual Top Economics Blogs list. For the 2019 edition, we’ve added many newcomers, as well as favorites which continue to provide quality insight year after year. Like lists in previous years (201820172016), the new 2019 list features a broad range of quality blogs in practically every economic discipline. Whether you are interested in general economics or prefer more specific topics such as finance, healthcare economics, or environmental economics; there is something here for you.  You will also find blogs which focus on microeconomics, macroeconomics, and the economics of specific geographical regions.

Whether you are a student, economics professional, or just someone with a general interest in how economic issues affect the world around you, you’re certain to find the perfect blog for your specific needs.

Candidates for this year’s list were chosen based on the quality of their posts, not on their specific school of thought, political belief system, or mainstream popularity. High-quality blogs with a lower number of subscribers were given the same treatment as those with large followings. In addition, every effort has been made to create a well-balanced list, with many different economic disciplines and beliefs represented. So here are the top 100 economics blogs of 2019, listed in no particular order.

Humbled to feature again in 2019 (in regional economics category). Thanks to all the visitors and supporters.

It is really nice to see blogs written by women economists in the list.


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