Hello, I plan to re-post some of the articles I wrote here. I have written many articles, and it makes sense to share it again.
A good way to look for a job is through networking. It can be both professional or social. Eventbrite is a good source to look at upcoming events in your locality. Customize a visiting card highlighting your skill sets, academic qualifications, and contact details. Continue reading “One for networking”
Check out the new world fin-tech report by Capgemini. Capgemini, is a world leader in financial and technology consulting and yearly publishes the prestigious fin-tech report. The report can be downloaded on Capgemini’s website.
The Innovative Finance Revolution: Private Capital for the Public Good (Foreign Affairs Special Edition)
The Innovative Finance Revolution is one of the best reports on innovation in social finance. Social finance was evolved over the years and with philanthropy and corporate social responsibility evolving through evidence-based social impact, attracting private capital has been imperative for sustainable work in the social sector. I read this report while I was in Seattle and found it to be one of the most comprehensive reports on different projects and modes of financing used by various foundations, multilateral organizations and nonprofits in implementing sustainable social projects in emerging and poor economies or sustainable infrastructure projects in Americas. From social impact bonds, green bonds to vaccine immunization bonds, report chronicles articles by leading experts and practitioners in developmental finance. UN estimates $50 to $70 tr of capital to implement Sustainable Development Goals over the next 25 years, a huge task which can only be achieved by attracting private capital. Rockefeller Foundation is the world’s leading foundation and a bellwether in innovating impact capital in philanthropy. To achieve UN Sustainable Development Goals, a gap of approx. $2.5 tr annual funding gap is required from the $200 tr pool of private capital. Continue reading “The Innovative Finance Revolution: Private Capital for the Public Good (Foreign Affairs Special Edition)”
I am presently reading, The End of Poverty by Jeffrey Sachs which includes a foreword by Bono, one of the greatest musicians of our time. From I still haven’t found what I am looking for to Staring at the Sun, Bono of U2 group is a quintessential pop and rock musician, known among other things to be a great philanthropist and humanitarian.The End of Poverty gives an in-depth analysis of the various factors that led countries on different paths to prosperity and poverty. Jeffrey Sachs, an imminent development economist, shares both practical and pragmatic overview of international development and policies pursued in eradicating poverty. A detailed review would also come up. The other book which deals with eradicating poverty and on my reading list is Banker To The Poor, by Muhammad Yunus of Grameen Bank. Dr. Yunus, a Nobel Peace Prize laureate, revolutionized micro-finance in Bangladesh and is known as father of modern micro-finance. Continue reading “Book reviews coming soon…”
According to a report published today in Economic Times, 92% of the population in India (based on 2018 consensus) with nearly all adults barring 3.5 million have an Aadhaar card. This is a phenomenal achievement in bringing underprivileged people for social and financial inclusion. Aadhaar card’s unique identification number will soon work as a social security number for the population. Making aadhaar card essential for all monetary dealings ultimately aids in widening tax bracket. Over a period of time, casual inference using multivariate analysis will help in measuring the social impact of aadhaar inclusion.
Coming to multivariate analysis which is correlation analysis using multiple variables to measure causality. Although Random Control Trial (RCT) is the gold standard to measure causality between two randomly selected samples sizes i.e. control group and treatment group, in this case, it will not be possible to make two groups randomly selected i.e. two groups with very similar demographic profile randomly selected, one sample without aadhaar card and one sample with aadhaar card. However, a time series data of the population over a decade before and after aadhaar implementation might lead to useful insights. This form of statistical analysis is not a form of RCT analysis. Continue reading “Aadhaar Inclusion and Causality Inference”
I will resume writing again after a break for sometime now. An article on Fed rates is pending which will give a good overview on importance of Fed rates and how Fed manages fed rate.
India recently became the sixth largest economy in the world in terms of gross domestic product at $2.597 tr according to 2017 figures of World Bank. World Bank gave the credit to reforms undertaken by Modi’s government, a huge endorsement of pro market reforms of the government. Continue reading “India Sixth Largest Economy, Mr Modi’s endorsement by World Bank”
The first module I published on my blog was on Structured Products. Globally, structured products form an important part of asset allocation and portfolio management. It also a very good way of taking exposures across various asset classes ranging from forex, commodities, equities, interest rates etc. Digital options form an important part of some of the products detailed here. Digital options are binary options i.e. the payout would be zero or predetermined as defined in the investment mandate.
The presentation which was first published in 2015 on this blog, details brief outline on structured products, different types of structured notes, range accrual plans, knout out structured notes and valuation of a NIFTY equity lined structured note.
Check out this link
Federal Reserve today raised the US Fed Fund rates and the rate will range between 1.75% to 2%. Fed rate decides mortgage, credit card, student loan rates among others. The rates are now close to pre-credit crisis levels. This was widely anticipated, so let’s look at what Fed rate means and Federal Reserve manages to keep the rates with a tight band.
Coming up an article on the dirty float not to be confused with Dirty Dancing. Dirty float here alludes to currency intervention by central banks to stabilize currency within a band. This policy is followed by many countries including India. This term came up during the recent trade rhetoric and have thought about writing a bit on this subject for some time and with this, we come to a concept of Impossible Trinity…