Sudip Bandyopadhyay’s Blog

Wen Jiabao the Chinese premier announced last week that  “we will spend our way out of the crisis and the country  must not loosen its grip on exports even though trade protectionism was rising and the global financial crisis was yet to hit the bottom”.   In his address to the National People’s Congress, he outlined [...]

The attitude of investors has changed dramatically during the course of the credit crisis. In its early stages, they denied the crunch was a serious matter. Even after the demise of Bear Stearns, most were still hopeful that it would be a short-lived affair.  However, since Lehman’s collapse and the subsequent economic implosion there has [...]

It looks as though the international financial crisis has now given way to the international economic crisis that it caused.  Japan gives the best evidence.  Japan’s banks did not, as a rule, load up on toxic US mortgage debt.  Yet the crisis affected the country deeply.  For many years while leverage was easily available, the [...]