How Lithuania’e entry changes the ECB’s voting system
This blog had pointed to how ECB will now change its MPC voting pattern as Lithuania becomes its 19th member. Earlier it was one person one vote and all 18 members voted. Now it will be 15 against 19...
View ArticleDoing Business Indicators: The Case of Singapore
There is huge clamor in Indian media over improving India’s rankings in Doing Business rankings. Here is an interesting paper which looks at how Singapore goes around doing its business. And how that...
View ArticleWhy growing via value addition is not enough?
Ricardo Hausmann again questions the prevailing wisdom with respect to growth. He says one of the standard growth mantras is value addition. Take a raw material and add value to it. But growth comes...
View ArticleHow India managed its economy post-taper shock?
RBI’s ED Deepak Mohanty does a nice summary of the events in India economy post Bernanke’s May taper talk. He sums up the talk at the end: Let me conclude. First, the stance of monetary policy in...
View ArticleThe world is ready for a global economic governance reform, are world leaders?
An interesting piece on Bruegel blog on global governance. They point to results from a survey amidst G20 leaders. Bottomline: A survey of G20 practitioners reveals how, notwithstanding the post-crisis...
View ArticlePolitical economy of bad data..How it leads to difficulty in policymaking?
Justin Sandefur and Amanda Glassman of CGDEV have this interesting paper. We all know how bad data leads to problems in econ decision making. And then the blame comes to policymakers. So if you don’t...
View ArticleLearning economics lessons from Football world cup…case of Germany
Well the idea is to always connect to the winning team. Wondering what would have been said if Germany lost and Argentina won. Anyways. Harold James the Princeton historian says world cup shows...
View ArticleUnderstanding Argentina’s Debt Default..
Argentina’s affairs with crisis continues. It is like a perennial story. The talks have failed and yet another default is looming. Wondering which courts will act on this Nicolás Cachanosky of...
View ArticleWhy killing cash is MasterCard’s main strategy…
Ajay Banga. chief of Mastercard gives a nice interview of MasterCard’s strategy. He says usage of cash is bad economics: According to Banga, in addition to being bad for MasterCard, cash is bad for...
View ArticleCan 21st century economic problems be solved with 20th century modes of...
There is a lot of commentary on state of economics education but nothing happening other than words. TCA Srinivasa Raghavan joins the debate asking can 21st century economic problems be solved with...
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