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Helicopter money: setting the tale straight

Author: Fergus Cumming. When Friedman famously conjured up images of banknotes fluttering from helicopters in 1969, perhaps he knew he was about to inspire decades of sky-bound puns and policies in the...

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Monies – Joining Economic and Legal Perspectives

David Bholat, Jonathan Grant and Ryland Thomas. The economist John Kenneth Galbraith once quipped that the answers economists give to the question “what is money?” are usually incoherent. So in this...

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Central bank digital currency: the end of monetary policy as we know it?

Marilyne Tolle. Central banks (CBs) have long issued paper currency. The development of Bitcoin and other private digital currencies has provided them with the technological means to issue their own...

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Eliminating high denomination notes and making the mob miserable

Ronnie Driver Economists usually talk about money serving three functions – a medium of exchange, a store of value, and a unit of account.  But the ability to make payments using commercial bank...

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Bitesize: The very volatile value of cryptocurrencies

John Lewis Proponents of private cryptocurrencies argue they are a better store of value than traditional “fiat” currency. But even if a cryptocurrency’s value cannot be inflated away by large supply...

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Would a Central Bank Digital Currency disrupt monetary policy?

Ben Dyson and Jack Meaning A “Central Bank Digital Currency” (CBDC) may sound like it’s from the future, but it’s something that many central banks are researching today, including those in Sweden,...

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