A brilliant piece by a brilliant econ historian – Harold James.
It begins analysis showing how central banks from emerging economies seek some cooperation from Fed on latter’s mon pol. They want Fed to go slow on Taper (well let it start first!!) as there is huge spillover on their economies. However, Fed says nothing doing.
So Prof. James draws lessons from history on central bank coop. And guess where he begins from – Great Depression of course:
One major drawback of getting a famous economist in India is the hype around the appointment. People try and draw comparisons to all kinds of famous econs and policymakers from the past. One also reads the works of the famous economist selectively based on their interests which makes it look all hunky and dory.
So it was interesting to read this piece from EPW edit in its latest issue:
A brilliant speech by Dr KC Chakrabarty.
It gives you the basics of Development Financial Institutions (DFI) from a corporate finance angle. How are DFIs different from Commercial Banks? CBs get retail deposits whereas DFIs rely on things like bonds etc. On assets side, the credit given by CBs is based on collateral but for DFIs it is based on project viability:
https://www.intelligenteconomist.com/economics-blogs/
Mostly Economics 