Blog Detail
J. R. Varma's Financial Markets Blog
http://www.iimahd.ernet.in/~jrvarma/blog/
A Blog on Financial Markets and Their Regulation
Recent Posts
Principles based securities regulation
Cristie Ford has posted on SSRN an interesting paper on “Principles-Based Securities Regulation in the Wake of the Global Financial Crisis.” The paper argues that the Global Financial Crisis has not discredited principles based regulat...
Pirate stock exchanges and the origin of stock exchanges
Reuters has an interesting report on the stock exchange set up by Somali pirates to fund their activities. It is a fascinating story of how a stock exchange is operating in a near-barter economy. One of the shareholders got her “dividend&rd...
Payment and Settlement Systems
I wrote a column in today’s Financial Express about payment and settlement systems in India in the context of the vision statement released by the Reserve bank of India RBI recently released a vision statement for the payment systems i...
Dubai World brings Islamic finance down to earth
Back in 2007 and 2008, people were fond of arguing that the crisis was due to highly complex financial instruments and that if finance became boring, it would be a good thing. People even argued that Islamic finance would be a good idea. This w...
Bayesians in Finance
At the EconLog blog, Bryan Caplan asks why academic economists are not Bayesians. Caplan was talking about a Bayesian approach to the validity of economic theories. Stephen Gordon responded with a post about why economists do not use enough of Ba...
Lehman, Reserve Primary or TARP?
In the popular imagination, the crisis in the global financial markets in the last quarter of 2008 is identified with the collapse of Lehman on September 15, 2008. However, many perceptive analysts believe that it was not the collapse of Lehman it...
