Thursday, January 27, 2022

Mostly Economics

Mostly Economics


Exciting world of digital payments: From online to offline

Posted: 27 Jan 2022 04:19 AM PST

My new article in Moneycontrol arguing about how digital payments ecosystem is moving from online solutions to offline solutions.

Do foreign investors improve the quality of domestic institutions?

Posted: 27 Jan 2022 02:07 AM PST

BIS paper by Deniz Igan, Alexandre R. Lauwers and Damien Puy look at the question of whether foreign investors improve quality of domestic institutions: The conventional wisdom is that financial globalization and capital flows brings benefits to the recipient countries not only by relaxing financial constraints and transferring know-how but also by being a catalyst for better governance and institutions. […]

Saga of Punjab and Maharashtra Cooperative Bank (1984-2022) reminds one of similar saga of Punjab Cooperative Bank (1904-97)

Posted: 26 Jan 2022 11:24 PM PST

The RBI announced that Punjab and Maharashtra Cooperative Bank (PMCB) has finally been amalgamated with Unity Small Finance Bank Ltd. The crisis and it eventual amalgamation took me to history lane of Indian banking. It reminded me of one another cooperative bank named Punjab Cooperative Bank (PCB) which went through a similar albeit longer journey […]

New Zealand: Changing the Conversation on Well-Being

Posted: 26 Jan 2022 09:03 PM PST

NZ is trying to change the conversation on well-being and make it part of its public finance. Anna Jaquiery of IMF in this article explains the change: In 2019, New Zealand's Labor government, led by Prime Minister Jacinda Ardern, unveiled a budget aimed at tackling some of the long-term challenges the country faces in areas […]

African history through the lens of economics

Posted: 26 Jan 2022 08:29 PM PST

Nathan Nunn, Stelios Michalopoulos, Elias Papaioannou and Léonard Wantchékon in this voxeu article introduce a new online course on African eco history: Since the 2000s, a vibrant stream of research on African political economy and economic history has emerged that has produced a plethora of insights and has uncovered the shadow that Africa's past casts […]

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