If you want to know the following:
1. How West did exactly opposite to what they advised East ( during ASEAN crisis)?
2. Is there next risk free asset (for west)?
3. How banks (in west) are going to face this negative yield situation?
4. And other areas?
Listen to Mr. Donald Amstad:
Learning's for India:
1. Do not force feed debt to retailers (requesting Private Indian Banks)
2. Slow / avoid cutting interest rates (Reserve Bank of India)
3. Avoid increasing stock market participation by Provident Funds, Public Provident Fund etc.
4. Do not reduce Provident Fund contributions by employees and employers.
Remember more funds in the hands of salaried class, Indian Private Banks are there to offer you wide variety of loans.
Listen to what Mr. Aditya Puri have to say (focus more from 7:33):
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