While reading 'The World in 2011', it was noticed that BRIC's I and R approximately have the same GDP but I has 10fold more population than R.
I & C leading with their over one billion population whereas B & R are 195million , 141 million respectively.
How would it look like to have them as 1) BR & IC or 2) RI & BC and add other emerging nations to each in accordance to population in 1) GDP in 2)?
OR just focus on growth rates?
Wednesday, 8 June 2011
Sunday, 5 June 2011
Banking
Brilliant publication, The Economist's current debate on banking is quite interesting on whether more competition makes banking more dangerous or not.
I believe the core of the problem is the expertise. Expertise in understanding the financial products, which is a scarce resource. And expertise is linked to competition.
1) Competition with more / new banks; then banking is more dangerous (lack of scarce resource)
2) With existing banks getting more competitive; then again more dangerous considering the nature of the industry.
I believe the core of the problem is the expertise. Expertise in understanding the financial products, which is a scarce resource. And expertise is linked to competition.
1) Competition with more / new banks; then banking is more dangerous (lack of scarce resource)
2) With existing banks getting more competitive; then again more dangerous considering the nature of the industry.
Saturday, 7 May 2011
MORE BACKGROUND
Having grown up in a business orientated and intellectual family environment made the biggest impact on the way of life. On paternal side, dad a self made tradesman, cousins manufacturers with two factories and few stores in various countries. On maternal side more professions orientated from CFO to accountant, nurse, teacher, engineer. My views have always been taken very seriously by my businessmen paternal sides and I was always asked what I thought on specific cases.
Not only in the family but also in all jobs I have worked in by my seniors. Developing an economic model to decide whether to buy a large portfolio of houses was one of those.
Not only in the family but also in all jobs I have worked in by my seniors. Developing an economic model to decide whether to buy a large portfolio of houses was one of those.
Thursday, 24 March 2011
Book of the month
It is very exciting days.
"Between Recession and Depression" will be featured as the book of the month in May.
Further details will be coming at the end of April.
Published Businessweek Background of Author in November 2008
BACKGROUND
Ms. Zozan Yilmaz is the Financial Controller at GP Bullhound Limited. Prior to joining GP Bullhound, she was working at Big Lottery Fund as Grant Accountant. During this time she has managed budgets, cash flow forecasts and management accounts reports for various programmes in England, Northern Ireland, Scotland and Wales. She also did management accounts in Housing Association where she assisted the Finance Director in building an economic model in deciding to buy a ... large portfolio of houses. She completed her Masters Degree in Financial and Business Economics at University of Essex. She is currently at strategic level of CIMA.
"Between Recession and Depression" will be featured as the book of the month in May.
Further details will be coming at the end of April.
Published Businessweek Background of Author in November 2008
BACKGROUND
Ms. Zozan Yilmaz is the Financial Controller at GP Bullhound Limited. Prior to joining GP Bullhound, she was working at Big Lottery Fund as Grant Accountant. During this time she has managed budgets, cash flow forecasts and management accounts reports for various programmes in England, Northern Ireland, Scotland and Wales. She also did management accounts in Housing Association where she assisted the Finance Director in building an economic model in deciding to buy a ... large portfolio of houses. She completed her Masters Degree in Financial and Business Economics at University of Essex. She is currently at strategic level of CIMA.
Thursday, 6 January 2011
Bayes's Theorem
The theorem is used in many different areas such as modelling climate change, predicting the behaviour of stock markets, a different approach than Blaise Pascal's.
Wednesday, 22 December 2010
Merry Christmas and Happy New Year
It is that time of the year again. Counting backwards started both for Christmas and New Year.
Merry Christmas and a happy - peaceful new year.
Merry Christmas and a happy - peaceful new year.
Tuesday, 9 November 2010
GOLD STANDARD SYSTEM
As a current debate topic, few notes from ‘Between Recession and Depression’ are as below;
The main advantages are:
• Limiting the governments’ power in creating inflation through issuing excess paper currency,
• Creating certainty in international trade through fixed pattern of exchange rates
The main disadvantage is:
• Being a barrier in the flexibility of the supply of money as the supply of gold is not close the growing needs of world economy’s supply needs.
The main advantages are:
• Limiting the governments’ power in creating inflation through issuing excess paper currency,
• Creating certainty in international trade through fixed pattern of exchange rates
The main disadvantage is:
• Being a barrier in the flexibility of the supply of money as the supply of gold is not close the growing needs of world economy’s supply needs.
Monday, 13 September 2010
"Between Recession and Depression" on Amazon Kindle
"Between Recession and Depression" is available to purchase on Amazon Kindle for technology fans.
Thursday, 12 August 2010
ECONOMICS BOOKS
As empirical economics has the characteristics of being a social science, which gains more weight in “crises” there has been a huge interest in it over the last two - three years. The number of people who are interested in the subject increased although still the theories, diagrams; thick books make it quite uninteresting to read any article or book.
So, the option is to simplify it. As Leonardo Da Vinci’s famous quote of “Simplicity is the ultimate sophistication” says and put in the synopsis of my book. Then comes the feedback from the people who have never studied economics that they enjoyed it.
So, the option is to simplify it. As Leonardo Da Vinci’s famous quote of “Simplicity is the ultimate sophistication” says and put in the synopsis of my book. Then comes the feedback from the people who have never studied economics that they enjoyed it.
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