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...
View ArticleMonies – 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...
View ArticleCentral 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...
View ArticleEliminating 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...
View ArticleBitesize: 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...
View ArticleWould 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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