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  • Reply to: Deposit Insurance Database — newly updated!   1 week 4 days ago
    The data set includes India and other countries. We just excluded them from the chart with the safety net index because we wanted to highlight those countries with extreme values.
  • Reply to: Deposit Insurance Database — newly updated!   3 weeks 3 days ago

    The number on total deposits for Austria seems to be off in the data. Great work! The database is really helpful

  • Reply to: Deposit Insurance Database — newly updated!   1 month 1 week ago

    The data omits India, Sri Lanka and a few more Asian economies. Inter=country comparisons to that degree suffer. India has 7 strata of banks with over 80000 bank branches and a few bank failures. Deposit Insurance and Credit Guarantee Corporation of India set up by the RBI collects the premium from Banks and extends guarantee. The failed Urban Cooperative Banks - in the US parlance - small community banks - created fissures in the advantages that the Deposit Insurance with lags in implementation management although the DICGC runs by the Regulator, Reserve Bank of India.

  • Reply to: Effects of Licensing Reform on Firm Innovation   1 month 2 weeks ago

    Informative and interesting

  • Reply to: Why you Should Care about Bitcoin — Even if you don't Believe in it   3 months 5 days ago

    Bitcoin is effectively a “foreign” currency. As payer or payee, there is a FX conversion process involved. The payer has to initially acquire the Bitcoins and the payee has to ultimately dispose of them. If you choose to "hold" Bitcoins, you are effectively a currency speculator. If you decide you do not want to be a currency speculator, then you have to (re)convert your Bitcoins into local real money. And you think that the Bitcoin exchanges will do that without the usual handling and FX conversion fee? Dream on!

    Regardless, a buyer of goods or services would have to be stark raving mad to use Bitcoin to pay for any substantial online purchase as the payer then has no easy comeback if the goods or services ultimately supplied are not as contracted—a comeback that is built into the existing credit card payment system …

    Another negative view of Bitcoin …

    “Stay away. Bitcoin is a mirage. It’s a method of transmitting money. It’s a very effective way of transmitting money and you can do it anonymously and all that. A check is a way of transmitting money, too. Are checks worth a whole lot of money just because they can transmit money? Are money orders? You can transmit money by money orders. People do it. I hope bitcoin becomes a better way of doing it, but you can replicate it a bunch of different ways and it will be. The idea that it has some huge intrinsic value is just a joke in my view.”—Warren Buffett (March 2014)

    Marc Andreessen is apparently a keen investor in Bitcoin processing, he’s also a director of eBay Inc., a most unscrupulous commercial organisation demonstrably involved in knowingly and calculatingly facilitating massive auction fraud activity on the consumers of the world. Take Andreessen’s advice at your peril; indeed, you may as well take your advice directly from the eBay Dept of Spin.

    eBay Inc, where the incompetent mingle with the malevolent and the criminal ...