An interesting speech by G. Padmanabhan of RBI. The speech is on corporate governance, the recent companies act etc.
In the middle of the speech he discusses regulation and narrates this interesting case:
Archive for July 3rd, 2014
Importance of understanding the principles of regulation by the regulated…case from India
July 3, 2014Inflation Is “Not” always and everywhere a monetary phenomenon..
July 3, 2014Do see the not in the phrase.
Antonella Tutino and Carlos E.J.M. Zarazaga of Dallas Fed undo the famous Friedman quote in this short note. They say both the recent US experience and German experience in 1920s refute the Friedman quote somewhat. In US case, despite surge in money supply, there is no inflation. And in Germany, inflation was much higher than money supply:
How a spam newsletter caused a bank run in Bulgaria and nearly resulted in a deep crisis..
July 3, 2014Silvia Merler of Bruegel has this fascinating story on events in Bulgaria.
Apparently a spam newsletter led to a bank run and nearly collapsed the entire system:
Mostly Economics 
