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Topic: Financial System Speaker:Dr. Arvind Jadhav, Scholar-in-Residence.
As budding economists, students of SSE had the opportunity to listen to Dr. Arvind Jadhav on the 27th June 2009. Dr. Jadhav who is a professor at the University of Dallas and a Scholar- in- Residence at SSE delivered a lecture on the Financial System. He started with an introduction of money and how money flows in the economy. He discussed the concepts that are related to the supply of money and Cash Reserve Ratio. He outlined the Financial System framework as in a USA and simultaneously elaborated the intricacies that clearly differentiated the US system from the Indian Financial System. Dr. Jadhav discussed the subprime crisis that affected the US Economy and set in the recessionary trend in a USA and subsequently other countries of the world. In the brainstorming session that stretched over an hour, students were left spellbound.