The transmission of policy repo rate changes to banks’ deposit and lending rates continued during FY25, albeit at a slower pace, according to the Reserve Bank of India’s (RBI) FY25 annual report. The weighted average lending rates (WALRs) on fresh and outstanding bank loans declined by 2 basis points (bps) and 8 bps, respectively. In … Read more
US administration issued a rambling document with a multitude of ‘trade barriers’. “Where sufficient data exist, an approximate impact of tariffs on U.S. exports can be derived by obtaining estimates of supply and demand price elasticities in the importing country and in the United States. Typically, the U.S. share of imports is assumed constant. When … Read more
From Engelsbergideas. A rich and relevant commentary on John Law. In 1674 William was called on by the Scottish parliament to give a commentary on a report into the running of the Royal Mint. It was an outsider DOGE (Department of Government Efficiency) moment The echoes from 400 years ago reverberate today and. add dimension … Read more
Carlos Cañón Salazar, John Thanassoulis and Misa Tanaka Several global financial centres, including London, Hong Kong and Singapore, are overseen by financial regulators with an objective on competitiveness and growth. In a recent staff working paper, we develop a theoretical model to show that some competitive deregulation can arise when several regulators are focused on … Read more
The concept of open banking, or financial data sharing between banks and fintechs, comes with a number of security concerns. What if an application programming interface — a tunnel through which data passes from one application to another — is compromised? What if data stored at a fintech or data aggregator gets hacked? The Consumer … Read more
Union Bank February 7, 2024 Welcome to Union Bank’s exciting journey into the world of investments! We’re delighted to bring our Northern Vermont and New Hampshire communities a simple, yet powerful way to grow your money. Through our UB2Go digital banking platform, we’re introducing an easy-to-use digital investment app. You can start investing with as … Read more
Michal Stelmach, James Kensett and Philip Schnattinger Economists frequently use the vacancies to unemployment (V/U) ratio to measure labour market tightness. Analysis of the labour market during the current inflationary period often assumes the V/U ratio is constant and compares this measure with a supposed pre-2019 equilibrium. However, the V/U ratio has trended upwards over … Read more
THE UNITED STATES NAVAL WAR COLLEGE JOINT MILITARY OPERATIONS DEPARTMENT On Operations: Operational Art and Military Disciplines Kindle Edition by Brett Friedman (Author) Link is a primer for the book. On Operations and Operational Art – military terms which roughly equates to method and approach for Operations and for conducting Operations. If that explanation is … Read more
Summary Planning a wedding is exciting but costly, and reflecting on our experience, we share lessons learned about budgeting wisely, avoiding unnecessary expenses, and prioritizing what truly enhances the celebration of love. Planning weddings is a whirlwind of excitement, decisions, and, of course, expenses. It’s easy to get caught up in the desire to create … Read more
The Ministry has assured that the RBI is reviewing all suggestions and public feedback before finalising the guidelines to avoid adverse effects on timely credit access for rural India. | Photo Credit: /iStockphoto Responding to concerns raised by Tamil Nadu Chief Minister MK Stalin on gold loan draft regulations, the Finance Ministry on Friday said … Read more