Sunday, October 19, 2008

You are Lucky to have this Depression ....

So guys .... you people might learned about the great depression in 1930's .... and you people are lucky that you are experiencing a little bit same situation now a days in the economies of the world.

People will probably disagree with me for declaring them "lucky" because the prices are sky rocketing and business activities are tooooo slow .... But guess what .... after the great depression Jhon Meynard Keynes emerged with new theories for economics which changes the whole thinking of the world ... so such "costly" experiences don't occur often .... therefore consider your self lucky!

To tackle this situation State Bank of Pakistan like all the Central Banks of the World is playing very actively to control the situation in the country. The have decreased the CRR and SLR which will bring much liquidity in the market. Like all other sectors of the economy, banking sector is also suffering from this slump. Recent rumors for bank default added a lot in this slowdown of business activity.

Purpose of discussing all these things is that these are what you will be going to discuss in your paper of JAIBP. Because now Institute of Bankers Pakistan is concentrating much on the practical case studies for its examinees. The pattren of the paper is very much changed now. Although the previous papers help you to prepare for the exams but you should also keep in mind and have a know how of current situations.