CSE: The Cussed Stock Exchange

The largest and most noticeable failure on a day to day basis on the stock exchange is the lack of trade in corporate debt. This is inexcusable as the infrastructure to trade corporate debt via online retail channels already exists. There is market demand.

Bakamoono.lk at it again

The self-appointed moral police of the world is out and about again. Bakamoono.lk in a recent post has spread the normalization of censorship accompanied by ill-informed activism. They have shamelessly spread clickbait published by the BBC. It is titled Japanese Magazine Apologises Over University ‘Sex Listing’. The title is purposely vague and misleading. I believe ... Read More

Election 2019

This article is written in the backdrop of a constitutional coup whose long-term impact on the democratic lives on everyday Sri Lankans could be long standing. It is widely felt amongst civil society that given the media landscape the public might not fully grasp the gravity of the events that are taking place. It also ... Read More

Lawmakers Who Don’t Understand the Law

Apologies for the rushed manner of this post. It is difficult to play a game with someone who is willing to cheat. We saw this in 2004 when colluding with terrorists was considered a justifiable move by certain parties. It is even more difficult to play a game with players who don’t understand the rules ... Read More

What is Inflation Targeting?

“Given that Sri Lanka is a twin deficit country, in terms of budget deficit and current account deficit, the chances that Sri Lanka attracting new money at this juncture is very minimal indeed. By increasing interest rates, we will not be able to attract new money or keep the money already invested.” Indrajit Coomaraswamy 02.10.2018 ... Read More

The Rate of Exchange, Capital Flight, and the Central Bank

The Central Bank (CBSL) exists for the sole purpose of price stability. It’s controls on the financial system and monetary policy exist to maintain price stability. As put forth many times by the Governor, the failing of the CBSL to control inflation is a fireable offence. In this light the following text aims to put ... Read More