|S&P 500 returns||+4.77%|
|Nikkei 225 (9:30 AM IST)||+2.01%|
|US Financials index||+2.57%|
|ICICI Bank ADR||+8.32%|
|Call rate on 17th||6.78%|
|Currency futures (9:30 AM IST)||49.03|
- The Indian response to the global crisis, my column in Financial Express today.
- Editorial in Indian Express, and Ila Patnaik's column today there.
- An editorial in Mint on short selling.
- Markets offer early warning signals by Mobis Philipose in Mint.
- Sebi's disapproval means nothing by Mobis Philipose and Sanat Vallikappen in Mint.
- Statement by Manmohan Singh in Parliament.
- Christopher Cox of the US SEC talks about how to make the Credit Default Swaps market work.
- Think the Bailout Is Radical? Just Wait. in Washington Post.
- Countries that risk occasional credit crises enjoy higher long-run growth, by Romain Ranciere, Aaron Tornell and Frank Westermann, which reports on the results of: Romain Ranciere, Aaron Tornell and Frank Westermann, 2008. Systemic Crises and Growth The Quarterly Journal of Economics, MIT Press, vol. 123(1), pages 359-406.
- The case for forcibly breaking up banks to make them small enough to fail, by Rob Cox.
- South Korea infuses dollar liquidity into its firms.
- The G-4 that matters: ECB, BoE, Swiss National Bank and Bank of Japan. These are the four central banks that have access to unlimited dollar liquidity.