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 said Tuesday. His appointment at the Reserve Bank of India will be for three years, Mr. Chidambaram said.
Mr. Rajan didn't immediately comment on the appointment.
Mr. Rajan, a former chief economist at the International Monetary Fund, is known for his prescient warnings about a coming financial crisis in 2005. He joined the finance ministry last year, shortly after Mr. Chidambaram took over as finance minister.
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Fed Policy At War With Market Mechanism, Grant Says (video)
Nov. 29 (Bloomberg) -- James Grant, publisher of Grant's Interest Rate Observer, talks about Federal Reserve monetary policy and Bank of Canada Governor Mark Carney's appointment as the next head of the Bank of England. Grant speaks with Tom Keene...
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Billions In Hidden Riches For Family Of Chinese Leader - By David Barboza
The mother of China’s prime minister was a schoolteacher in northern China. His father was ordered to tend pigs in one of Mao’s political campaigns. And during childhood, “my family was extremely poor,” the prime minister, Wen Jiabao, said in...
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Fivebooks Interview: Daron Acemoglu On Inequality
The US, the UK and many other countries have become far less equal over the past 30 years. The MIT economics professor says it's important we understand how and why this happened, and what it means for our societies ………………. Related previous...
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Fault Lines: The Top 1%
Found via Simoleon Sense. Link ……………….. Related previous posts: TED Talk - Richard Wilkinson: How economic inequality harms societies Capital versus Talent: Discussion between Malcolm Gladwell and Roger Martin How Inequality Fueled the Crisis...
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A Return To Jekyll Island: The Origins, History, And Future Of The Federal Reserve - November 5–6, 2010
Link to: Panel with Ben Bernanke, Alan Greenspan, and Gerald Corrigan. Moderated by Raghuram Rajan.
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Money and Finance