Cambridge Forecast Group Blog

Central bankers’ speeches for 18 July 2012
now available on the BIS website

Jens Weidmann: The financial assistance can only buy time but does not address the root causes of the crisis

Ben S Bernanke: Semiannual Monetary Policy Report to the Congress

G Padmanabhan: Global convergence of banking regulations and its impact on the Indian banking system

G Padmanabhan: Getting “IT” right

Duvvuri Subbarao: Statistics and statistical analysis in Reserve Bank of India’s work

Deepak Mohanty: Statistics in the Reserve Bank of India

V S Das: Leadership, performance and transformation through personnel management

Njuguna Ndung’u: Ongoing developments in the Kenyan financial sector

Njuguna Ndung’u: Financal services sector – steering the economy to the next level

Yaseen Anwar: Monetary policy framework in the SAARC region

Anselmo Teng: Development opportunity arising from cross-border RMB business and internationalization of enterprises

Gane Simbe: The role coins play in the Solomon Islands’ payment system

Prasarn Trairatvorakul: Economic and financial cooperation between China and Thailand

Ebson Uanguta: The impact of the euro area debt crisis on southern Africa

Ebson Uanguta: Towards a financially literate Namibian society

Zeti Akhtar Aziz: Participation of Japanese financial institutions in Malaysia

Jörg Asmussen: Building deeper economic union: what to do and what to avoid

Luis M Linde: Assessment of Spain’s economic situation

Yaseen Anwar: Developments of the microfinance sector in Pakistan

Central bankers’ speeches for 17 July 2012
now available on the BIS website

Már Guðmundsson: Iceland’s crisis and recovery and the crisis in the eurozone

Arde Hansen: Overview of Bank of Estonia’s first year of the euro

Zeljko Rohatinski: Restoring the luster of the European economic model report

All speeches from 1997 onwards are available from the BIS website at http://www.bis.org/list/cbspeeches/index.htm.

Central bankers’ speeches for 13 July 2012
now available on the BIS website

Duvvuri Subbarao: Agricultural credit – accomplishments and challenges

Central bankers’ speeches for 12 July 2012
now available on the BIS website

Ivan Iskrov: Association of Banks in Bulgaria – 20 years

Dimiter Kostov: The world of finance is becoming more IT

Ivan Iskrov: Global and regional challenges to the economy and the financial system. Do we have working solutions?

Ivan Iskrov: Conflicts and complementarities between monetary and macroprudential policies

Subir Gokarn: Launch of the OTC derivatives trade repository

Philip Lowe: Bank regulation and the future of banking

All speeches from 1997 onwards are available from the BIS website at http://www.bis.org/list/cbspeeches/index.htm.

Central bankers’ speeches for 11 July 2012
now available on the BIS website

Prasarn Trairatvorakul: Financing the Greater Mekong Subregion

Ardian Fullani: Building a sound and efficient Albanian banking system

Duvvuri Subbarao: Touching hearts and spreading smiles

Hirohide Yamaguchi: European debt problem and its impact on Asia

Central bankers’ speeches for 10 July 2012
now available on the BIS website

Mario Draghi: Hearing at the Committee on Economic and Monetary Affairs of the European Parliament

Prasarn Trairatvorakul: Financial crises and the future of global and Asian banking

Choongsoo Kim: Monetary and macroprudential policies in the aftermath of the crisis

All speeches from 1997 onwards are available from the BIS website at http://www.bis.org/list/cbspeeches/index.htm.

Central bankers’ speeches for 5 July 2012
now available on the BIS website

Ardian Fullani: Overview of Albania’s recent economic and financial developments

Tharman Shanmugaratnam: Ensuring strong anchors in our banking system

Central bankers’ speeches for 4 July 2012
now available on the BIS website

YV Reddy: Society, economic policies, and the financial sector

José de Gregorio: What does society expect from the financial sector?

Ignazio Visco: What does society expect from the financial sector?

Jörg Asmussen: Can we restore confidence in Europe?

Miroslav Singer: The role of creditors and debtors in the world economy

Anand Sinha: IT and governance in banks – some thoughts

Mugur Isărescu: Monetary policy during transition. How to manage paradigm shifts

All speeches from 1997 onwards are available from the BIS website at http://www.bis.org/list/cbspeeches/index.htm.

VID00008.AVILawrence Feiner 07-04-12

NEW CFG YOUTUBE TALK JULY 2012: FEINER ON PAST AND FUTURE

cambridgeforecast — Thu, 05 Jul 2012 04:51:15 +0000

“long term global econo-history with implications for

the future”

(part 1)

Click On:

Lawrence Feiner CFG

Play video

Added on 7/05/12

zoiladejesus27 uploaded

CFG’S LAWRENCE FEINER ON YOUTUBE: THE WEST THE THIRD WORLD AND THE FUTURE

cambridgeforecast — Tue, 12 Jun 2012 19:43:40 +0000

Click on these links:

Lawrence Feiner

by zoiladejesus27 | 2 months ago | 525 views

58:23

Lawrence Feiner 03 06 12 – Original air date

i was born in 1942 in the bronx. i graduated from ps95 in 1956. i graduated from the bronx hs of science in 1960 i got my bs in math in 1964 from …

by haroldchanner | 2 months ago | 821 views

1:00:07

Lawrence Feiner Ph.D – 12-27-11 Original air date

i was born in 1942 in the bronx. i graduated from ps95 in 1956. i graduated from the bronx hs of science in 1960 i got my bs in math in 1964 from …

by haroldchanner | 5 months ago | 1,668 views

58:10

Lawrence Feiner Ph.D Original air date 04 24 12

Description: i was born in 1942 in the bronx. i graduated from ps95 in 1956. i graduated from the bronx hs of science in 1960 i got my bs in math …

by haroldchanner | 1 month ago | 435 views

11:52

Lawrence Feiner 05-12-12

by zoiladejesus27 | 2 weeks ago | 158 views

Commentary

Lawrence Feiner 03 06 12 – Original air date

BOOK REVIEW OF CFG BOOK: “REAGAN REVOLUTION…”

cambridgeforecast — Tue, 12 Jun 2012 19:39:58 +0000

“The Reagan Revolution and the Developing Countries (1980-1990):

A Seminal Decade for Predicting the World Economic Future”

Lawrence Feiner and Richard Melson

iUniverse, 353 pages, (paperback) $23.94, 978-1-4620-6189-1

(Reviewed: May, 2012)

Lawrence Feiner and Richard Melson, both former principals of the Cambridge Forecast Group, have written a sharp challenge to prevailing economic thought.

The authors argue that despite the chaos that seems to have enveloped the world economy since the end of the Cold War (as typified in the writings of Francis Fukuyama, Zbigniew Brzezinski, and Daniel Patrick Moynihan), the direction and development of world economic history is, in fact, quite predictable.

Proponents of controversial “New Growth Theories,” Feiner and Melson argue that human capital and knowledge are quantifiable variables that, using mathematical formulae, can be both identified and extrapolated to the future. Once identified, an economic future can be reasonably predicted. Their work leads them to conclude that a post-Cold War economic world will revolve around a rapid shifting of economic priorities, emphasizing the needs and contributions of the developing world.

This is decidedly not a book for beginners in economics. It is a dense, detailed read, full of equations; readers should take the authors seriously with their oft-repeated asides that knowledge of basic calculus will enhance a person’s ability to understand the book. Specialists will, to be sure, find the book’s argument thought provoking. But they are likely to be frustrated by the authors’ use of several competing styles of citation and the absence of a list of the works cited or bibliography to help the reader translate the citations. Both specialist and generalist alike will also be distracted by the number of typographical errors. (One must pause when reading a book on economics that misspells the name of Milton Friedman.)

Decidedly not a book on the Reagan Revolution (which receives only a few pages here), this book does dare the economic specialist to think outside the box, and to consider a theory that might well explain where the world economy is heading. For that, this provocative book has merit.

BlueInk Heads Up: Despite the typographical flaws, professional economists and professors of economics will find this book both appealing and important.

The Reagan Revolution and the Developing Countries (1980-1990):

A Seminal Decade for Predicting the World Economic Future

Lawrence Feiner and Richard Melson

iUniverse, 353 pages, (paperback) $23.94, 978-1-4620-6189-1

(Reviewed: May, 2012)

CFG Comment on the review:

Irony of ironies:

The “Blue Ink Review” service completely misunderstood the book.

They read the first chapter and saw the “big prediction” of the centrality of the developing world to global growth. Then they read the next two economic chapters and thought that the new growth theories described therein were a validation of our prediction when in fact they were the opposite of our prediction…

They thought they had read enough and stopped.

Actually we did use mathematical growth theory to predict the centrality of LDC growth.

The Solow growth model, the most tested and accepted predicts that there are two sources of economic growth in the world, namely (1) increase in total factor productivity (technology) (2) increase in population.

We pointed out that the populations of the West are stable and that, aside from information technology, there is a stalemate in total factor productivity in the West and therefore additional growth has to come from the developing countries.

So the review was not altogether wrong (if you substitute the Solow growth theory for the new growth theories).

Unfortunately the Blue Ink review, although very good, has, with its emphasis on mathematics and equations, significantly reduced sales of our book. We had expected that, since the book was entitled ” The Reagan Revolution and the developing countries,” the reviewer would skip over the first four non-Reagan chapters and go right to the last chapter on Reagan.
instead the review actually plowed through the two difficult economics chapters and came up with a review based on them. In fact, aside from the mathematical second and third chapters, the book is very well written and highly readable, not a ”’dense read” as the Blue Ink review put it.

CURRENT CRISIS: BIS JUNE 12 2012

cambridgeforecast — Tue, 12 Jun 2012 19:33:49 +0000

Central bankers’ speeches for 12 June now available

(including 4 additional speeches)‏

Press, Service (press@bis.org)

Tue 6/12/12

Central bankers’ speeches for 12 June 2012
now available on the BIS website

Norman T L Chan: Hong Kong as a private banking hub – a regulator’s vision

Ignazio Visco: Economic and policy interconnections in the current crisis

Emmanuel Tumusiime-Mutebile: Bank of Uganda highlights its Board’s achievements

Lawrence Williams: Leveraging central banks’ IT investments for strategic advantage

Choongsoo Kim: Emerging Asia and global economic recovery

Choongsoo Kim: Asia’s role in reviving global growth and financial stability

Choongsoo Kim: Returning to sustainable growth – an EME’s perspective

Lars E O Svensson: Differing views on monetary policy

Erdem Başçi: Financial and macroeconomic stability

Emmanuel Tumusiime-Mutebile: Expanding financial access and financial inclusion in Uganda

All speeches from 1997 onwards are available from the BIS website at:

http://www.bis.org/list/cbspeeches/index.htm

Communications

Bank for International Settlements

E-mail: press@bis.org

Website: www.bis.org

Phone: +41 61 280 8188

Bank for International Settlements (BIS)

Central bankers’ speeches for 12 June now available

(including 4 additional speeches)‏

Press, Service (press@bis.org)

Tue 6/12/12

Central bankers’ speeches for 12 June now available‏

Press, Service (press@bis.org)

Tue 6/12/12

Central bankers’ speeches for 12 June 2012
now available on the BIS website

Choongsoo Kim: Emerging Asia and global economic recovery

Choongsoo Kim: Asia’s role in reviving global growth and financial stability

Choongsoo Kim: Returning to sustainable growth – an EME’s perspective

Lars E O Svensson: Differing views on monetary policy

Erdem Başçi: Financial and macroeconomic stability

Emmanuel Tumusiime-Mutebile: Expanding financial access and financial inclusion in Uganda

All speeches from 1997 onwards are available from the BIS website at

http://www.bis.org/list/cbspeeches/index.htm

Communications

Bank for International Settlements

E-mail: press@bis.org

Website: www.bis.org

Phone: +41 61 280 8188

Bank for International Settlements (BIS)

Central bankers’ speeches for 12 June now available‏

Press, Service (press@bis.org)

Tue 6/12/12

LETTER TO CFG: REAGAN LIBRARY

cambridgeforecast — Fri, 08 Jun 2012 18:55:10 +0000

BLUE INK BOOK REVIEW

http://www.blueinkreview.com/reviews

http://www.blueinkreview.com/reviews/view/752/category:4/subcategory:/newest:1/notable:0/sales:0/platform:0/format:/region

http://www.bookwhirl.com/Emailer/Production/4749/TheReaganRevolutionandtheDevelopingCountries.html

ISLAMIC FINANCE AND THE GLOBAL FUTURE: BIS JUNE 1-8

cambridgeforecast — Fri, 08 Jun 2012 18:50:26 +0000

Central bankers’ speeches from 6 to 8 June now available‏

Press, Service (press@bis.org)

Fri 6/08/12

Central bankers’ speeches for 8 June 2012
now available on the BIS website

Fahad Bin Abdullah Al-Mubarak:

Combatting money laundering and terrorism financing

Miguel Fernández Ordóñez: Developments in Spain

Masaaki Shirakawa: Japan’s economy and monetary policy

Ben S Bernanke: Economic outlook and policy

Glenn Stevens: The glass half full

Central bankers’ speeches for 7 June 2012
now available on the BIS website

Mario Draghi: ECB press conference – introductory statement

Ravi Menon: The next phase in Islamic finance

Janet L Yellen: Perspectives on monetary policy

Ardian Fullani: Recent economic and monetary developments in Albania

Daniel K Tarullo: Dodd-Frank Act implementation

Central bankers’ speeches for 6 June 2012
now available on the BIS website

K C Chakrabarty: Human Resource management in banks – need for a new perspective

K C Chakrabarty: Exploring the challenge of financial education across emerging economies

Jörg Asmussen: Lessons from Latvia and the Baltics

Richard W Fisher: The limits of the powers of central banks

All speeches from 1997 onwards are available from the BIS website at:

Ignazio Visco: Overview of economic and financial developments in Italy

Communications

Bank for International Settlements

E-mail: press@bis.org

Website: www.bis.org

Phone: +41 61 280 8188

Bank for International Settlements (BIS)

Central bankers’ speeches from 6 to 8 June now available‏

Press, Service (press@bis.org)

Fri 6/08/12

Central bankers’ speeches from 6 to 8 June now available‏

Press, Service (press@bis.org)

Fri 6/01/12

Central bankers’ speeches for 1 June 2012
now available on the BIS website

Lawrence Williams: An evolving financial services landscape in the Caribbean

All speeches from 1997 onwards are available from the BIS website at http://www.bis.org/list/cbspeeches/index.htm.

Central bankers’ speeches from 6 to 8 June now available‏

Press, Service (press@bis.org)

Fri 6/08/12

BANK FOR INTERNATIONAL SETTLEMENTS MAY 31 2012: GREAT RECESSION

cambridgeforecast — Thu, 31 May 2012 18:13:14 +0000

Central bankers’ speeches for 31 May now available‏

Press, Service (press@bis.org)

Thu 5/31/12

Central bankers’ speeches for 31 May 2012
now available on the BIS website

Masaaki Shirakawa: Demographic changes and macroeconomic performance – Japanese experiences

William C Dudley: Job polarization in the region

Erkki Liikanen: The great recession and its long shadow – youth unemployment

Choongsoo Kim: Out of the Great Recession – an EME’s perspective

Jean-Pierre Danthine: Monetary policy is not almighty

All speeches from 1997 onwards are available from the BIS website at: