So far, 2020 has been such a crappy year.

So, let’s focus on the positive. At least it was productive.

I am preparing my end-of-year report and I just realized that, together with a group of great friends & coauthors, we published 6 papers, 2 eBooks, ...

(long thread)
1/18

...an important policy report, & 4 working papers. Also many eEvents, including a fantastic D-DebtCon, a couple of newspaper articles (thanks @lucianocapone) & several @voxeu columns (thanks @BaldwinRE), plus a super @cepr_org Geneva Report which just came out....

2/n
So, first of all. Thanks to @CEPR @IHED @CFD_IHEID @DevPolJournal for providing a supportive environment in a very difficult period and...

3/n
...to all friends and co-authors in these projects (@Yi_HEID @M_Pagano_Econ Mitu Gulati, @ricardo_hausman Ed. Fernandez Arias @SFGaliani @SimeonDjankov P. Bolton @pogourinchas Lee Buchheit, Chang-Tai Hsieh @bweder @AGelpern @taddei76 ).

A brief description follows...

4/n
In "Local Crowding‐Out in China" (joint with @Yi_HEID & @M_Pagano_Econ),which just came out in @JofFinance , we show that local public debt crowded out the investment of Chinese private firms.

5/n

https://t.co/ecNwHkmC9d
In "The Hausmann–Gorky Effect" (joint with Mitu Gulati), published in @JBusinessEthics , we study what @ricardo_hausman called The Hunger Bond (also a precendent attributed to Maxim Gorky)

6/n

https://t.co/XNHVyGbmaI
In "Smart Development Banks" (joint with @ricardo_hausman & Eduardo Fernandez Arias), published in Journal of Industry, Competition, and Trade, we discuss a potential new role for development banks.

7/n
https://t.co/4OGFhtsOD4
In "Alternative Solutions to the Odious Debt Problem" (with Mitu Gulati", published In the Annals of the Fondazione Einaudi @EinaudiOnlus , we review the lit. on odious debt and discuss 2 proposals that could address OD using domestic legal principles.
8/n
https://t.co/9txLfSGxP4
In "When Governments Promise to Prioritize Public Debt: Do Markets Care? (with M. Gulati, @mweidemaier & G. Willingham), published in @JFinReg , we check whether constitutional commitments to honor public debt reduce borrowing costs

9/n

https://t.co/3iU3hxGph7
In "Come risolvere il problema del debito pubblico italiano: un’analisi critica delle soluzioni facili." published in the Rivista di Politica Economica (thanks @GiampaoloGalli) I discuss Italian public debt

10/n

https://t.co/YwQawX50pb
.@cepr_org eBook "Publishing and evaluating success in economics" (with @SFGaliani) concludes that there is still work to be done to make economics more open and inclusive and the publication process fairer and more efficient.
11/n
https://t.co/ps4jpewO5H
.@cepr_org @DevPolJournal eBook "COVID-19 in developing economies" (with @SimeonDjankov) summarizes ongoing research on the impact of Covid in developing and emerging markets

12/n

https://t.co/qUyfylqKEu
. @cepr_org Policy Insight "Born Out of Necessity: A Debt Standstill for COVID-19" (with P. Bolton L. Buchheit, @pogourinchas CT Hsieh, M. Gulati & @bweder) presents a mechanism to implement a debt standstill for Covid-19

13/n

https://t.co/T3A7z0fJdp
In Fiscal Risk and its Drivers An Empirical Analysis, I describe and quantify fiscal risk in advanced and developing economies

14/n

https://t.co/avjVMqgJpL
In "Legal Air Cover" (with P. Bolton and M. Gulati) we seth forth some options to provide temporary legal protection to countries that can't service their debts

15/n

https://t.co/LeF5vfXLW1
In "Local Currency Denominated Sovereign Loans - A Portfolio Approach to Tackle Moral Hazard and Provide Insurance" (with @taddei76 ) we study how the currency composition of public debt affects debt sustainability in developing countries

16/n
In "Make-Wholes in Sovereign Bonds (Not sure why they are there, but they may be free)" (with Mitu Gulati) we study the strange case of make-whole calls in sovereign bond contracts

https://t.co/QdBpDrAtnZ

17/n
Finally, please check out all the fantastic material in the D-DebtCon site co-organized with the always fantastic @AGelpern (and many others, but she is the true driving force of DebtCon).

18/18

https://t.co/pBwW7fNB9N
I fogot to link the paper with @taddei76 Here it goes https://t.co/HdKVYZB1nw

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THE MEANING, SIGNIFICANCE AND HISTORY OF SWASTIK

The Swastik is a geometrical figure and an ancient religious icon. Swastik has been Sanatan Dharma’s symbol of auspiciousness – mangalya since time immemorial.


The name swastika comes from Sanskrit (Devanagari: स्वस्तिक, pronounced: swastik) &denotes “conducive to wellbeing or auspicious”.
The word Swastik has a definite etymological origin in Sanskrit. It is derived from the roots su – meaning “well or auspicious” & as meaning “being”.


"सु अस्ति येन तत स्वस्तिकं"
Swastik is de symbol through which everything auspicios occurs

Scholars believe word’s origin in Vedas,known as Swasti mantra;

"🕉स्वस्ति ना इन्द्रो वृधश्रवाहा
स्वस्ति ना पूषा विश्ववेदाहा
स्वस्तिनास्तरक्ष्यो अरिश्तनेमिही
स्वस्तिनो बृहस्पतिर्दधातु"


It translates to," O famed Indra, redeem us. O Pusha, the beholder of all knowledge, redeem us. Redeem us O Garudji, of limitless speed and O Bruhaspati, redeem us".

SWASTIK’s COSMIC ORIGIN

The Swastika represents the living creation in the whole Cosmos.


Hindu astronomers divide the ecliptic circle of cosmos in 27 divisions called
https://t.co/sLeuV1R2eQ this manner a cross forms in 4 directions in the celestial sky. At centre of this cross is Dhruva(Polestar). In a line from Dhruva, the stars known as Saptarishi can be observed.
1

From today, we will memorize the names of 27 Nakshatras in Vedic Jyotish to never forget in life.

I will write 4 names. Repeat them in SAME sequence twice in morning, noon, evening. Each day, revise new names + recall all previously learnt names.

Pls RT if you are in.

2

Today's Nakshatras are:-

1. Ashwini - अश्विनी

2. Bharani - भरणी

3. Krittika - कृत्तिका

4. Rohini - रोहिणी

Ashwini - अश्विनी is the FIRST Nakshatra.

Repeat these names TWICE now, tomorrow morning, noon and evening. Like this tweet if you have revised 8 times as told.

3

Today's Nakshatras are:-

5. Mrigashira - मृगशिरा

6. Ardra - आर्द्रा

7. Punarvasu - पुनर्वसु

8. Pushya - पुष्य

First recall previously learnt Nakshatras twice. Then recite these TWICE now, tomorrow morning, noon & evening in SAME order. Like this tweet only after doing so.

4

Today's Nakshatras are:-

9. Ashlesha - अश्लेषा

10. Magha - मघा

11. Purvaphalguni - पूर्वाफाल्गुनी

12. Uttaraphalguni - उत्तराफाल्गुनी

Purva means that comes before (P se Purva, P se pehele), and Uttara comes later.

Read next tweet too.

5

Purva, Uttara prefixes come in other Nakshatras too. Purva= pehele wala. Remember.

First recall previously learnt 8 Nakshatras twice. Then recite those in Tweet #4 TWICE now, tomorrow morning, noon & evening in SAME order. Like this tweet if you have read Tweets #4 & 5, both.
🌺श्री गरुड़ पुराण - संक्षिप्त वर्णन🌺

हिन्दु धर्म के 18 पुराणों में से एक गरुड़ पुराण का हिन्दु धर्म में बड़ा महत्व है। गरुड़ पुराण में मृत्यु के बाद सद्गती की व्याख्या मिलती है। इस पुराण के अधिष्ठातृ देव भगवान विष्णु हैं, इसलिए ये वैष्णव पुराण है।


गरुड़ पुराण के अनुसार हमारे कर्मों का फल हमें हमारे जीवन-काल में तो मिलता ही है परंतु मृत्यु के बाद भी अच्छे बुरे कार्यों का उनके अनुसार फल मिलता है। इस कारण इस पुराण में निहित ज्ञान को प्राप्त करने के लिए घर के किसी सदस्य की मृत्यु के बाद का समय निर्धारित किया गया है...

..ताकि उस समय हम जीवन-मरण से जुड़े सभी सत्य जान सकें और मृत्यु के कारण बिछडने वाले सदस्य का दुख कम हो सके।
गरुड़ पुराण में विष्णु की भक्ति व अवतारों का विस्तार से उसी प्रकार वर्णन मिलता है जिस प्रकार भगवत पुराण में।आरम्भ में मनु से सृष्टि की उत्पत्ति,ध्रुव चरित्र की कथा मिलती है।


तदुपरांत सुर्य व चंद्र ग्रहों के मंत्र, शिव-पार्वती मंत्र,इन्द्र सम्बंधित मंत्र,सरस्वती मंत्र और नौ शक्तियों के बारे में विस्तार से बताया गया है।
इस पुराण में उन्नीस हज़ार श्लोक बताए जाते हैं और इसे दो भागों में कहा जाता है।
प्रथम भाग में विष्णुभक्ति और पूजा विधियों का उल्लेख है।

मृत्यु के उपरांत गरुड़ पुराण के श्रवण का प्रावधान है ।
पुराण के द्वितीय भाग में 'प्रेतकल्प' का विस्तार से वर्णन और नरकों में जीव के पड़ने का वृत्तांत मिलता है। मरने के बाद मनुष्य की क्या गति होती है, उसका किस प्रकार की योनियों में जन्म होता है, प्रेत योनि से मुक्ति के उपाय...