Prof. Jayanth R. Varma's Financial Markets Blog http://www.iima.ac.in/~jrvarma/ These podcasts cover my blog posts on financial markets and their regulation jrvarma@iima.ac.in jrvarma@iima.ac.in en-us Copyright (C) 2019 Prof. Jayanth R. Varma. All Rights Reserved. https://creativecommons.org/licenses/by-nc-nd/4.0/ Sat, 07 Dec 2019 00:00:00 +0530 Sat, 07 Dec 2019 20:58:59 +0530 http://www.rssboard.org/rss-specification Prof. Jayanth R. Varma Finance, Financial markets, Regulation clean jrvarma@iima.ac.in http://faculty.iima.ac.in/~jrvarma/images/podcast-cover-image.jpg Prof. Jayanth R. Varma's Financial Markets Blog http://faculty.iima.ac.in/~jrvarma/podcast.php Real Estate and Infrastructure Resolution in India https://archive.org/details/JRVarma-Blog-2019-09-23-Real-Estate-Resolution Prof. Sebastian Morris and I propose a mechanism to resolve the stress in infrastructure and real estate by using financial markets for price discovery with the sovereign covering the left tail risk. Sat, 02 Nov 2019 18:23:58 +0530 https://archive.org/details/JRVarma-Blog-2019-09-23-Real-Estate-Resolution Real Estate and Infrastructure Resolution in India Prof. Sebastian Morris and I propose a mechanism to resolve the stress in infrastructure and real estate by using financial markets for price discovery with the sovereign covering the left tail risk. nonadult Finance, Financial markets, Regulation clean 00:03:47 Abstraction bias or bias bias? https://archive.org/details/JRVarma-Blog-2019-09-21-Abstraction-Bias I argue that Steven L. Schwarcz' paper on abstraction bias as a cause of excessive risk-taking is an instance of what Gigerenzer called the bias bias - the tendency to spot biases even when there are none. Sat, 02 Nov 2019 18:23:58 +0530 https://archive.org/details/JRVarma-Blog-2019-09-21-Abstraction-Bias Abstraction bias or bias bias? I argue that Steven L. Schwarcz' paper on abstraction bias as a cause of excessive risk-taking is an instance of what Gigerenzer called the bias bias - the tendency to spot biases even when there are none. nonadult Finance, Financial markets, Regulation clean 00:05:10 Legal theory of finance redux https://archive.org/details/JRVarma-Blog-2019-09-15-Legal-Theory-Finance-Redux Emily Strauss' paper on how during the Global Financial Crisis, judges in the US interpreted a boilerplate contractual clause to reach a result clearly at odds with its plain language demonstrates that the law is elastic as argued by Katherina Pistor. Sat, 02 Nov 2019 18:23:58 +0530 https://archive.org/details/JRVarma-Blog-2019-09-15-Legal-Theory-Finance-Redux Legal theory of finance redux Emily Strauss' paper on how during the Global Financial Crisis, judges in the US interpreted a boilerplate contractual clause to reach a result clearly at odds with its plain language demonstrates that the law is elastic as argued by Katherina Pistor. nonadult Finance, Financial markets, Regulation clean 00:03:54 Reserve Bank of India's flip-flops on floating rate benchmarks https://archive.org/details/JRVarma-Blog-2019-09-06-RBI-Flip-Flop-Benchmarks The Reserve Bank of India (RBI) has engaged in a series of flip-flops on whether floating rate loans should be pricied using internal or external benchmarks. Illiquid term money markets and inadequate competition in banking are to blame. Sat, 02 Nov 2019 18:23:58 +0530 https://archive.org/details/JRVarma-Blog-2019-09-06-RBI-Flip-Flop-Benchmarks Reserve Bank of India's flip-flops on floating rate benchmarks The Reserve Bank of India (RBI) has engaged in a series of flip-flops on whether floating rate loans should be pricied using internal or external benchmarks. Illiquid term money markets and inadequate competition in banking are to blame. nonadult Finance, Financial markets, Regulation clean 00:05:27 No Easy Fixes for Limited Liability https://archive.org/details/JRVarma-Blog-2019-08-30-No-Easy-Fix-Limited-Liability Many proposals for fixing modern finance ignore the ability to replicate one instrument with another set of instruments. Sat, 02 Nov 2019 18:23:58 +0530 https://archive.org/details/JRVarma-Blog-2019-08-30-No-Easy-Fix-Limited-Liability No Easy Fixes for Limited Liability Many proposals for fixing modern finance ignore the ability to replicate one instrument with another set of instruments. nonadult Finance, Financial markets, Regulation clean 00:03:24 When do algorithms violate the law https://archive.org/details/JRVarma-Blog-2019-08-28-When-Do-Algorithms-Violate-the-Law A recent judgement of the Australian Federal Court shows that financial sector regulators are by and large unprepared for the challenge of regulating a financial world that is increasingly run on algorithms. Sat, 02 Nov 2019 18:23:59 +0530 https://archive.org/details/JRVarma-Blog-2019-08-28-When-Do-Algorithms-Violate-the-Law When do algorithms violate the law A recent judgement of the Australian Federal Court shows that financial sector regulators are by and large unprepared for the challenge of regulating a financial world that is increasingly run on algorithms. nonadult Finance, Financial markets, Regulation clean 00:02:52 Can India seize the Hong Kong opportunity? https://archive.org/details/JRVarma-Blog-2019-08-14-Hong-Kong Hong Kong protests could be an opportunity for India's offshore financial centre Sat, 02 Nov 2019 18:24:05 +0530 https://archive.org/details/JRVarma-Blog-2019-08-14-Hong-Kong Can India seize the Hong Kong opportunity? Hong Kong protests could be an opportunity for India's offshore financial centre nonadult Finance, Financial markets, Regulation clean 00:02:21 QE through unlimited buying of foreign equities https://archive.org/details/JRVarma-Blog-2019-08-06-QE-foreign-equities Central banks could buy foreign equities when they run out of other assets to buy Sat, 02 Nov 2019 18:24:07 +0530 https://archive.org/details/JRVarma-Blog-2019-08-06-QE-foreign-equities QE through unlimited buying of foreign equities Central banks could buy foreign equities when they run out of other assets to buy nonadult Finance, Financial markets, Regulation clean 00:03:03 Big Tech 2019 = Big Finance 2005 = Big Risk? https://archive.org/details/JRVarma-Blog-2019-07-26-big-tech Businesses and individuals need to derisk big tech Tue, 08 Oct 2019 18:26:53 +0530 https://archive.org/details/JRVarma-Blog-2019-07-26-big-tech Big Tech 2019 = Big Finance 2005 = Big Risk? Businesses and individuals need to derisk big tech nonadult Finance, Financial markets, Regulation clean 00:01:37 A petty money dispute holds market to ransom https://archive.org/details/JRVarma-Blog-2019-07-25-petty-dispute SEBI should step in to protect integrity of clearing Tue, 08 Oct 2019 18:26:54 +0530 https://archive.org/details/JRVarma-Blog-2019-07-25-petty-dispute A petty money dispute holds market to ransom SEBI should step in to protect integrity of clearing nonadult Finance, Financial markets, Regulation clean 00:05:29 US wants to nurture single stock futures https://archive.org/details/JRVarma-Blog-2019-07-11-US-SSF US had no SSFs till recently but is now encouraging them Tue, 08 Oct 2019 18:26:54 +0530 https://archive.org/details/JRVarma-Blog-2019-07-11-US-SSF US wants to nurture single stock futures US had no SSFs till recently but is now encouraging them nonadult Finance, Financial markets, Regulation clean 00:04:56 Deep fakes in finance? https://archive.org/details/JRVarma-Blog-2019-07-02-deep-fakes Deep fakes might become a problem in finance Tue, 08 Oct 2019 18:26:53 +0530 https://archive.org/details/JRVarma-Blog-2019-07-02-deep-fakes Deep fakes in finance? Deep fakes might become a problem in finance nonadult Finance, Financial markets, Regulation clean 00:02:55 The bankers, by contrast, moved on https://archive.org/details/JRVarma-Blog-2019-06-29-bankers-moved-on Bankers did well in 1918 and in 2008 Tue, 08 Oct 2019 18:26:53 +0530 https://archive.org/details/JRVarma-Blog-2019-06-29-bankers-moved-on The bankers, by contrast, moved on Bankers did well in 1918 and in 2008 nonadult Finance, Financial markets, Regulation clean 00:01:40 Allowing a corporate body to be a director https://archive.org/details/JRVarma-Blog-2019-06-22-corporate-independent-director Deep pocketed LLCs might be good independent directors Tue, 08 Oct 2019 18:26:53 +0530 https://archive.org/details/JRVarma-Blog-2019-06-22-corporate-independent-director Allowing a corporate body to be a director Deep pocketed LLCs might be good independent directors nonadult Finance, Financial markets, Regulation clean 00:05:22 Bonds and loans https://archive.org/details/JRVarma-Blog-2019-06-13-bonds-loans Illiquid bonds are like loans Tue, 08 Oct 2019 18:26:53 +0530 https://archive.org/details/JRVarma-Blog-2019-06-13-bonds-loans Bonds and loans Illiquid bonds are like loans nonadult Finance, Financial markets, Regulation clean 00:02:55 Korea Derivatives Full Circle https://archive.org/details/JRVarma-Blog-2019-06-03-korea Lessons from Korean equity derivatives market Tue, 08 Oct 2019 18:26:54 +0530 https://archive.org/details/JRVarma-Blog-2019-06-03-korea Korea Derivatives Full Circle Lessons from Korean equity derivatives market nonadult Finance, Financial markets, Regulation clean 00:01:57 Blockchain in Finance https://archive.org/details/JRVarma-Blog-2019-04-02-blockchain Future of the blockchain in finance Tue, 08 Oct 2019 18:26:53 +0530 https://archive.org/details/JRVarma-Blog-2019-04-02-blockchain Blockchain in Finance Future of the blockchain in finance nonadult Finance, Financial markets, Regulation clean 00:04:37