Earlier this year, China began to roll out a project that had long been in the works––a digital version of its currency, the yuan, is now being used in four Chinese cities.
In this era of cheap money, what once might have looked like a housing bubble might just be the new normal.
Inflation expectations are on the rise. At first sight, this change in expectations seems to be odd. The Federal Reserve has been increasing the supply of base money at a…
China mourns for coronavirus (COVID-19) victims on Qingming tomb sweeping festival.
Worries have intensified and spread lately about the prospects of higher U.S. inflation in the coming years. It’s an important issue because higher inflation, even if it remains in the…
The Federal Reserve has announced that it intends to raise inflation in the United States to two percent per year on average.
Erdogan sacks another cenbank chief after sharp Turkey rate hike.
First, it is untrue. A report by David Beers at the Bank Of Canada has identified 27 sovereigns involved in local currency defaults between 1960 and 2016 (database here).
The last few weeks in financial markets, particularly in equities, have been some for the books.
Monetary policy under a discretionary central bank is ineffective and unlawful. It is ineffective because it does not accomplish its intended goal, which is macroeconomic stability.