Tribute to Prof.Avinash Paranjpe

This is an article written by Megha Madhukar Nayak for Prof. Avinash Paranjpe, visiting faculty of TAPMI. Though he taught us 'Money Banking and Monetary Policy (MBMP)' - the concepts of which have been put to full use in the following news item - he is better known for his interest in student activities. This is one person with whom you can discuss practially anything under the sun - from the CRR hike to student accountability to Sur to finding the perfect partner!

Megh wrote this when he finished his course. His reply to the mail was 'One note like this and a teacher's life is made'!

Flash News

Intellectual Emotional A/c Deficit likely in TAPMI

02-Sep-2006, Manipal

The wall of self control is likely to give way as the high utility investor favorite of the TAPMI economy is exiting despite strong exit barriers. The economy is likely to face a huge intellectual deficit which might lead to strong emotional inflation in the next fortnight. The excess emotional liquidity might require the PGP office to intervene. Despite the weak financial knowledge the investors had invested in the Paranjpe bonds due to a time series analysis of the previous batches. Single bond investors are especially likely to suffer a loss in the weeks to come as they have not hedged their emotional funds. The high demand Paranjpe bonds have provided short term gains and high yields during the period which will help the investor meet current emotional adequacy ratio, which needs to be 100% according to norms. There is going to be a temporary suspension of Paranjpe bonds in the market. The investors will now have to stop looking at the spot market and have to concentrate on the forward market which carries a speculative risk of Paranjpe bonds being induced in the system at a later date.

Source: PGP 2, Sec 2
TAPMI