PhD Journey Day 3 - the PodCast from Liliana Suarez

Posted by: admin 3 years, 2 months ago

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Day 3, it turns out, that will never be easy. I was expecting that there would be tons of progress on the weekend! And it turns out the juggling between work, family, and life will never be easy. 

So a couple of things that I would like to see this as progress, and it's its progress is 

• Read with Liquid text app on iPad. It's boosting the focus and speed! It is, and it's correct. You can highlight particular topics about what you want to learn and ignore. You also start to see the beauty of the paper since you start to ignore couple thing that is not on your interest and focus on simplicity.
• Check-in another resource if I have to listen to my favourite podcast! Then it will be the minimalist! But what is the minimalist will help me in writing my PhD. Being a minimalist, and it will work in some way, but not significant! It turns out there is a podcast about Macroprudential, and it's helping! One of the keynote speakers opened my eyes and gave me a clue about some topics, such as
  • Macroprudential is a capital requirement, not a reserve requirement 
  • The amount of capital requirement should adjust with the risk.
  • Not every country, huge countries like the united states, want to follow Basel, such as the US. 
  • The Basel committee uses the leverage for many countries to imposition the Basel framework by having the IMF recommended it to several countries. 
  • The emerging market can survive such a crisis because they don't have a sophisticated financial instrument and learn a lot from the previous situation. 
• I have read in the morning, and most finish the part where I read the abstract, introduction, and conclusion. For this paper! And it's a perfect one! Happy that I stumble upon this. What I capture here is 
  • There are two dimensions on how macroprudential work 
    • First, in a time dimension, along with the time, the procyclicality behaviour has to be reduced; however, the imposition of the minimum requirement does not reduce the risk. Still, it's amplifying the risk because if the minimum requirement is already achieved, banks tend to enlarge their operation, which will shake the country.  
    • Second, in cross-section, or global systemic bank, they put the level of risk in several categories. The last chance has no value, so the most systemic bank philosophically implements the macroprudential but is improper. 
    • The economy starts to use the market value because they believe an effective market has already run. Still, in the end, the market balance sheet shows that it has Magliano or malfunctioning. 
• Start to read about what is Basel FRAMEWORK, AND MOST IMPORTANT IS ABOUT BASEL III. 

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