Reply to: Deposit Insurance Database — newly updated!
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
Informative and interesting
Reply to: Why you Should Care about Bitcoin — Even if you don't Believe in it
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 ... bit.ly/11F2eas
Reply to: How are Financial Capability and Financial Access Linked? Insights from Colombia and Mexico
Data sources analysis shows the actual status of economic circulation both Colombia and Mexico. But it can be used as case study for neighbor country also. Econometrics idea sharing and economic help center can be initiated in each and every corner to save the economy
econometrics help .
Reply to: Equilibrium Credit: Providing Not Too Much, Not Too Little Credit to the Economy
Risk based capital requirements for banks signify that those for the time being considered “absolutely safe” will receive too much credit at too low interest while, those who have the misfortune of being considered “risky”, and which might in fact be those we most want our banks to lend to, will receive too little of it, and at too high interest rates.