financial crisis - An Awkward Corner

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Thursday, March 26, 2009 12:33 PM

Time To Dump Rajan And Mistry Reports?

I recently had lunch with a few British civil servants and asked them whether they have given up on the possibility that the Reserve Bank of India (RBI) will further open up the Indian banking sector this April, as promised in its famous road map. They...
Posted by Niranjan Rajadhyaksha | 6 comment(s)
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Tuesday, January 20, 2009 5:23 PM

Bank Nationalization Redux

The number of economists and commentators saying that the Western financial system should be nationalized is swelling. 1. Paul Krugman thinks it is unfortunate that "Washington remains deathly afraid of the N-word --- nationalization. 2. Willem Buiter...
Posted by Niranjan Rajadhyaksha | 3 comment(s)
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Tuesday, December 09, 2008 4:25 PM

Message to America from China: "Be Nice To Countries That Lend You Money"

The Chinese seem to have decided that it is time they told Americans a few blunt truths. The website of Atlantic Monthly has an incisive and entertaining interview by James Fallows of Gao Xiqing, who manages $200 billion of China’s $2 trillion forex reserves...
Posted by Niranjan Rajadhyaksha | 6 comment(s)
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Friday, November 21, 2008 11:38 AM

Somali Pirates: An Alternative Asset Class

The synchronized drop in asset values across the world has left investors with few profitable options; even art auctions have not attracted buyers . Then Anantha sent in this tongue-in-cheek piece. "Venture capitalists in New York and London are...
Posted by Niranjan Rajadhyaksha | 3 comment(s)
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Monday, October 27, 2008 11:12 AM

Emerging Markets: The Next Crisis

The financial crisis began in US subprime mortgages in the summer of 2007 and has since then rapidly moved into every nook and crevice of the global financial system --- commercial banks, monoline insurers, wholesale credit markets, interbank lending...
Posted by Niranjan Rajadhyaksha | 5 comment(s)
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Sunday, October 26, 2008 9:41 AM

The Keynes Revival

The worst financial crisis since the Great Depression has led to renewed interest in the economist who towered over all his clueless peers in those turbulent times --- John Maynard Keynes . Keynes' legacy has been controversial and many believed that...
Posted by Niranjan Rajadhyaksha | 18 comment(s)
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Wednesday, October 08, 2008 12:43 PM

Don't Worry, Be Happy, Sell Mortgages

The newspapers have a chilling front-page story today on an unemployed NRI who shot his wife, mother-in-law and three sons before turning the gun on himself. Karthik Rajaram was wiped out in the stock market crash. Suicides are not unknown during times...
Posted by Niranjan Rajadhyaksha | 6 comment(s)
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Sunday, October 05, 2008 8:49 PM

Back To 1929?

"The slump on the New York Stock Exchange ... is one of the spectacular episodes of financial history. A prolonged upward movement ... has been built up over a series of years on the amazing and unexampled prosperity of America. But some two years...
Posted by Niranjan Rajadhyaksha | 7 comment(s)
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Thursday, October 02, 2008 4:21 PM

Hedge Funds: The Dogs Did Not Bark

Colonel Ross still wore an expression which showed the poor opinion which he had formed of my companion's ability, but I saw by the inspector's face that his attention had been keenly aroused "You consider that to be important?" he asked...
Posted by Niranjan Rajadhyaksha | 1 comment(s)
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Thursday, September 25, 2008 2:44 PM

Future Books On Current Crisis

I had blogged here last week about the seven best books that I had read on financial crises. The crisis that is now ripping through the Western financial system will undoubtedly lead to many good books hitting the stores from next summer. An article in...
Posted by Niranjan Rajadhyaksha | 1 comment(s)
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Wednesday, September 24, 2008 3:29 PM

Y.V. Reddy has the last laugh

There has been no shortage of Reserve Bank of India detractors. And a lot of the criticism of the central bank has been focussed on its 21st governor, Y.V. Reddy, who stepped down recently. Reddy had been attacked through his tenure for two main reasons...
Posted by Niranjan Rajadhyaksha | 5 comment(s)
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Sunday, September 21, 2008 9:00 AM

How The Gale May Blow Through India

The crisis in Western finance has hogged the headlines this month. A lot has also been written and said about how the problems in the US and Europe will affect stock prices here. That's the bird's eye view. It would also be useful to take a worm's...
Posted by Niranjan Rajadhyaksha | 5 comment(s)
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