Wednesday, June 1, 2022

Mostly Economics

Mostly Economics

A future ready workforce for an international financial centre

Posted: 01 Jun 2022 02:43 AM PDT

Ravi Menon, Managing Director of the Monetary Authority of Singapore, in this speech speaks about need to have future ready workforce for Singapore’s international financial centre. This is the most important aspect of financial centre/services but least discussed. One of the most encouraging aspects of the strong growth of the financial sector is the number […]

Unstable Coins: The Early History of Central Bank Analog Currencies

Posted: 31 May 2022 10:18 PM PDT

Will the Physical currencies be known as Central Bank Analog Currencies (CBAC) in future? Perhaps! Will Roberds of Federal Reserve Bank of Atlanta discusses history of “CBAC” in this working paper : Recently, there has been much discussion as to whether central bank digital currencies (CBDCs) should be introduced, and if so, how they should […]

Explainer | Sri Lanka and Pakistan crisis: What can India do?

Posted: 30 May 2022 10:48 PM PDT

My new piece in moneycontrol is an explainer on SL and Pakistan crisis and what India can do amidst the crisis.

Creative Destruction? Impact of E-Commerce on the Retail Sector

Posted: 30 May 2022 10:45 PM PDT

Sudheer Chava, Alexander Oettl, Manpreet Singh & Linghang Zeng in this NBER paper look at impact of online retail on traditional retail. Is there Schumpeterian creative destruction? Using an administrative payroll dataset for 2.6 million retail workers, we find that the staggered rollout of a major e-commerce firm’s fulfillment centers reduces traditional retail workers’ income in geographically proximate counties […]
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