Sudip Bandyopadhyay’s Blog

The current Wall Street crisis should put an end to false debates about government versus markets.  Governments create markets, and markets can exist only with regulation.   The real trick is to craft good regulations that allow markets to work well.  No regulatory structure will be perfect, none will eliminate risk, nor should they.  At best [...]

The world has not ended. The International economy has not yet collapsed. But one thing is now quite clear: the US banking system as we know has failed.  Following the disappearance of Bear Stearns in March and now the bankruptcy of Lehman Brothers and the surprise plans for Bank of America to absorb Merrill Lynch, [...]

“Globality is not a new and different term for globalization. It’s the name for a new and different global reality in which we’ll be competing with everyone, from everywhere, for everything — mentions Harold L Sirkin, James W Hemerling and Arindam K Bhattacharya in their new and interesting book “Globality”.  This book from three Boston [...]

New RBI Governor’s immediate concern will naturally be high inflation.  But his tenure will also be judged on the basis of what he does to open up the financial sector and change the way RBI operates.  Contrary to the widely held belief, it is the latter two tasks that will prove to be the more [...]