Money and Finance
- India Names Raghuram Rajan Next Central Bank Governor
NEW DELHI—India has named Chief Economic Adviser Raghuram Rajan to succeed central bank Governor Duvvuri Subbarao who is retiring in early September. Prime Minister Manmohan Singh has approved Mr. Rajan's appointment, Finance Minister P. Chidambaram...
- John Mauldin: The Mother Of All Painted-in Corners
I wrote several years ago that Japan is a bug in search of a windshield. And in January I wrote that 2013 is the Year of the Windshield. The recent volatility in Japanese markets is breathtaking but characteristic of what one should come to expect from...
- Satyajit Das: Why Germany Can't Bail Out Europe
Germany is indirectly exposed through its support of various official institutions like the European Union (EU), the European Central Bank (ECB), the International Monetary Fund (IMF) and special bail-out funds. As of April 2012, the exposure of ECB alone...
- John Mauldin: Unintended Consequences
Let me introduce Mauldin's Rule of Thumb Concerning Unintended Consequences: For every government law hurriedly passed in response to a current or recent crisis, there will be two or more unintended consequences, which will have equal or greater negative...
- From Argentina To Athens - By Mohamed El-erian
There are way too many discomforting similarities between what has been happening in Greece recently and Argentina’s 2001 path to economic and financial turmoil.Unless Greek and European officials reflect on key lessons from Argentina's experience...
Money and Finance
Former IMF Economist Says He's ‘Ashamed’ Of Links To Fund
The full letter is posted HERE.
An International Monetary Fund economist who said he is leaving the institution wrote that he is “ashamed” of being associated with it and criticized it for what he said was a failure to send warnings about the global financial crisis and the European debt turmoil.
“The consequences include suffering -- and risk of worse to come -- for many including Greece, that the second global reserve currency is on the brink, and that the fund for the past two years has been playing catch-up and reactive roles in the last-ditch efforts to save it,” according to the letter written by Peter Doyle, who worked as a division chief in the European department.
- India Names Raghuram Rajan Next Central Bank Governor
NEW DELHI—India has named Chief Economic Adviser Raghuram Rajan to succeed central bank Governor Duvvuri Subbarao who is retiring in early September. Prime Minister Manmohan Singh has approved Mr. Rajan's appointment, Finance Minister P. Chidambaram...
- John Mauldin: The Mother Of All Painted-in Corners
I wrote several years ago that Japan is a bug in search of a windshield. And in January I wrote that 2013 is the Year of the Windshield. The recent volatility in Japanese markets is breathtaking but characteristic of what one should come to expect from...
- Satyajit Das: Why Germany Can't Bail Out Europe
Germany is indirectly exposed through its support of various official institutions like the European Union (EU), the European Central Bank (ECB), the International Monetary Fund (IMF) and special bail-out funds. As of April 2012, the exposure of ECB alone...
- John Mauldin: Unintended Consequences
Let me introduce Mauldin's Rule of Thumb Concerning Unintended Consequences: For every government law hurriedly passed in response to a current or recent crisis, there will be two or more unintended consequences, which will have equal or greater negative...
- From Argentina To Athens - By Mohamed El-erian
There are way too many discomforting similarities between what has been happening in Greece recently and Argentina’s 2001 path to economic and financial turmoil.Unless Greek and European officials reflect on key lessons from Argentina's experience...