Posted in Economics on July 2nd, 2012 No Comments »
There were two big news over the past two days in the financial world. One was the EU Summit which yet again calmed the market for only the gypsies (Gypsies, get it? GIPSI? Maybe not) know how long. Another was the official fallout of Barclays’ rigging of LIBOR. The rigging of LIBOR has been an [...]
Posted in Economics on June 7th, 2012 No Comments »
During the launch of IMF Regional Outlook a few months ago, Anoop Singh, the IMF director for the Asia-Pacific Region mentioned how the financial system is not ready for high-skilled service industry. As his argument goes, banks usually demand collateral before providing any loans to businesses (or, mostly, anybody for that matter). This is perfectly [...]
The name is Hafiz Noor Shams.
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