- David Oakley reports on Brazil having made it to investment grade. This is their payoff to the immense progress that took place in the last decade in terms of fiscal, financial and monetary institution building. In many respects, India's starting conditions today are similar to where Brazil was before these reforms.
- Robert Shiller, in Financial Times defends financial innovation, and Robert Cryan, in New York Times worries that Canadian banks missed opportunities in this crisis.
- Chiraga Chakrabarty, in DNA, on the need for INR/EUR futures. Once INR/USD and INR/EUR futures are trading, futures on USD/EUR will close the currency triplet and ensure efficient pricing of all three.
- Raghuram Rajan in Financial Times on the neat idea of requiring banks to hold debt capital that will convert into equity when two triggers are met.
- Read about Larry Summers and the US economic policy process in New Yorker magazine.
- Anil Padmanabhan has an important column in Mint on the mess that is shaping up on the Goods and Services Tax.
- James Lamont describes the world's third largest producer of Gherkins: a firm named Global Green, out of Bangalore.
- On TV, Vivek Law takes on the mess found in fund management products sold by Indian insurance companies.
- Nell Minow in Financial Times with new thinking about corporate governance.
- Ila Patnaik on RBI's next moves. Also see The good news, analysed better and This is no time for a rate hike.
- Vimal B in Financial Express on the internationalisation of the Chinese yuan.
- Jayanth Varma is scathing about the SEC's efforts at being motherly towards fat fingers.
- India's New Capital Restrictions: What Are They, Why Were They Created, and Have They Been Effective? by Bryan J. Balin of The Johns Hopkins University School of Advanced International Studies (SAIS).
- Alan Blinder thinks that we should all be long India.
- Shubhashis Gangopadhyay pleads for the removal of capital controls against venture capital and private equity.
- Counterfactual history, by Ramachandra Guha: Episode 1: What if Subhas Chandra Bose had returned home sometime after WW-II ended?.
- How Sam Yin Chueh changed the world.
- We have serious problems with freedom of press in India.
Tuesday, October 13, 2009