Economist has a great article discussing both the affects of foreign banks in emerging markets …
increasing levels of foreign-bank ownership weaken the effectiveness of domestic monetary policy
the sensitivity of bank-lending rates to central-bank rates in a country goes down as the proportion of foreign-owned banks goes up—since banks can borrow internationally. That is bad news [...]
Archive for June 15th, 2008
Foreign Banks – Boon or Curse?
Posted in Business on June 15, 2008 | Leave a Comment »
India shining and Bharat drowning !!!
Posted in Business, Muse on June 15, 2008 | Leave a Comment »
This is the title of a provocative new study done by two scholars from World Bank and Harvard.
The study concludes that
If Indian firms manage to adopt “Ford Model-T” technologies that require a handful of highly skilled and educated workers to match with a large number of unskilled workers, India shining can act as a “rising [...]
