Archive for June 12th, 2019

The Boom in Benjamins: What makes the US$100 bill so popular?

June 12, 2019

Melinda Weir of IMF points how the USD 100 bills remain highly popular.


What are the important lessons from Islam’s inward turn centuries ago?

June 12, 2019

Mustafa Akyol discusses the question..

Expressing religious beliefs as a Rugby player: Case from Australia

June 12, 2019

All kinds of things going on in sports arena.

This article from Peter Singer points to this case from Rugby Australia:

There is no such thing as an own goal in rugby, but Rugby Australia, the game’s governing body in Australia, has done its very best to score one by terminating the contract of Israel Folau. In doing so, it has lost the services of a star fullback who has played 73 tests for Australia.

Rugby Australia’s reason for ending Folau’s career is that he posted on his Instagram account a photo of a notice saying that “hell awaits… drunks, homosexuals, adulterers, liars, fornicators, thieves, atheists, and idolaters.” To this, Folau added some words of his own: “Those that are living in Sin will end up in Hell unless you repent. Jesus Christ loves you and is giving you time to turn away from your sin and come to him.”

In a statement issued after the sacking, Rugby Australia Chief Executive Officer Raelene Castle said: “I’ve communicated directly with the players to make it clear that Rugby Australia fully supports their right to their own beliefs and nothing that has happened changes that. But when we are talking about inclusiveness in our game, we’re talking about respecting differences as well. When we say rugby is a game for all, we mean it.”

Damn. Really?

Call for Papers: 50 years of Bank Nationalisation – Indian Banking at Cross Roads

June 12, 2019

It is a proud moment to be announcing this conference reflecting on 50 years of Bank Nationalisation. It will be held on 16-17 November 2019 at Ahmedabad University.

Conference details are here.

Last date for submission of abstract is 30-Sep-2019. Do pass on the word to interested researchers/scholars/bankers.


Growing use of local currencies in Japanese trade with Asian countries

June 12, 2019

Takatoshi Ito, Satoshi Koibuchi, Kiyotaka Sato and Junko Shimizu in this research:

Japan exports to neither advanced nor Asian countries in yen, as would be expected. Using questionnaire data, this column shows why Japanese exporters tend to choose destination currencies in their exports to advanced countries and why the US dollar, rather than the yen, is more often used in their exports to Asia. It also presents new evidence that the share of local currency has recently increased markedly, while that of the US dollar has declined, in Japanese exports to Asia. 


RIP Prof Martin Feldstein

June 12, 2019

2019 is bringing its own sets of sorrows.

Prof Martin Feldstein passed away yesterday. Having grown up reading NBER papers, Feldstein’s contribution to building NBER is immense.

Rest in Peace Professor.

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