ScienceGuy

 Click here to access the file containing my learnings of GFC based on Yale's course.

In the paper, the author's then went ahead to examine the extent to which various regimes constraint policy space for member nations. They studied four US agreements 

Development is a long-run process of transforming the economy from concentrated primary product-based economy to diversified set of assets based on knowledge.

Read concise points from each chapter of the history of economics - click here

- Summarised from Asian Development Bank's authors A. Abiad, M. Arao, E. Lavina, R. Platitas, J. Pagaduan, C. Jabagat's chapter in  COVID in developing economies

- Summarised from World Bank's authors Rabah Arezki, Rachel Yuting Fan and Ha Nguyen's chapter in  COVID in developing economies

- Summarised from World Bank's authors Calvin Z. Djiofack, Hasan Dudu and Albert G. Zeufack's chapter in COVID in developing economies

- Summarised from Ilan Noy,  Nguyen Doan, Benno Ferrarini and Donghyun Park's article in COVID-19 in developing countries

- Summarised from Constantino Hevia and Andy Neumeyer's chapter from   COVID-19 in Developing Economies The authors plotted Google mobility trends for places of work and for retail and recreation like restaurants, cafes etc which showed declines,

The macroeconomic flu is a temporary negative supply and demand shock, that is a temporary decline in output followed by a quick recovery.

FDI would play an important role in the post-COVID revival of the developing world. World Bank's Global Investment Competitiveness Report 2019-20 discusses the FDI scenario before COVID and during the COVID times.

My review of the paper by Angus Deaton 

There is a lot of concern in some quarters about central banks printing money to finance large budget deficits. And in other quarters there is concern that central banks are doing too little of it. Some worry that central banks are lending directly to the government. Others are assuaged when central banks buy government debt in the secondary market but not directly. Who is right? My summary of the article by Dr. Rajan (find the link of the original article at the end) where I have used balance sheets to visualize the flow. Meanwhile, I also found a few points which I found weren't mentioned in the article. Feel free to comment on what you think about it. Click here  to read the original article. 

Role of the central bank balance sheet 1. Ultimate means of settlement: One of the interesting features of the central bank's balance sheet is that its main liabilities are banknotes and commercial bank reserves, which are a form of money in the modern economy.

-  by  Ben Bernanke in  G eorge Washington University   Money market funds (MMMFs) are investment companies that sell shares and invest the proceeds in short-term assets. MMMFs historically has almost always maintained stable 1 dollar share prices, so they act very much like a bank.

-  Based on  Lecture (4) by  Ben Bernanke in  G eorge Washington University   This lecture discusses monetary policy responses to the recession, the sluggish recovery, post-crisis changes in financial regulation, and implications of the crisis for central bank practice.

-  Based on  Lecture (3) by  Ben Bernanke in  G eorge Washington University   This lecture describes the financial crisis, its implications and the policy responses by the federal reserve. 

-  Based on  Lecture (2) by  Ben Bernanke in  G eorge Washington University   This lecture explains the development of central banking after world war 2, focusing on the origins of the recent financial crisis (2008-09).

-  Based on  Lecture (1) by  Ben Bernanke in  G eorge Washington University   This lecture explains what central banks do, the origin of central banking in the United States, and the experience of the Fed during the Great Depression.

The founding father, perhaps the grand-father of physics (theoretical physics per se), whose idea changed our world and post which our perception about the world changed forever was proposed by an ancient Greek pre-Socratic philosopher Democritus in 4 century BC.