Tuesday, March 30, 2021

Mostly Economics

Mostly Economics


How (and why) economists ignored the Spanish Flu Pandemic in 1918–20?

Posted: 29 Mar 2021 11:57 PM PDT

This is a big question: How (and why) economists ignored the Spanish Flu Pandemic in 1918–20? Mauro Boianovsky and Guido Erreygers in this paper try and figure the answer: The current COVID-19 pandemic has attracted significant attention from epidemiologists and economists alike. This differs from the 1918-19 Spanish Influenza pandemic, when academic economists hardly paid attention […]

160 years of paper money in India

Posted: 29 Mar 2021 11:47 PM PDT

In 1861, the British enacted Paper Currency Act unifying the paper currency business. Rachel Lopez narrates this history of paper money in two articles in Hindustan Times: Cash of the titans: How India's paper money came to be Clay, metal, paper: How our money evolved One could also read my three part series on evolution […]

How Japan can avoid financial socialism?

Posted: 29 Mar 2021 10:23 PM PDT

Jesper Koll in this OMFIF article: All said, the BoJ's extraordinary ETF buying programme was clearly justifiable as an emergency effort to stop an asset deflation downward spiral. The central bank's de facto nationalisation of equity capital markets has become counterproductive for many reasons. The biggest is that nobody can conceive a smooth exit – if […]

How should RBI regulate NBFCs?

Posted: 29 Mar 2021 09:18 PM PDT

New position paper from Dvara Reserach team: Deepti George, Dwijaraj Bhattacharya, Madhu Srinivas and Sowmini Prasad. First what ails NBFC regulation: At the heart of the current regulatory approach for NBFCs, is a view that they are competitors to banks rather than complements. This is, in our view, a flawed approach that creates a false […]

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