December 15, 2023
The Experience of Free Banking outlines a monetary system where private banks issue competing banknotes, usually anchored to a commodity like gold or silver, replacing the central bank’s role.
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May 31, 2023
After three decades of relative price stability, inflation has returned with a vengeance to the world’s advanced economies.
May 24, 2022
Over the previous year we have heard constant talk of the transitory nature of inflation and the reasons why it will be transitory.
April 7, 2021
Monetary policy could become a problem for the Eurozone as we recover from the pandemic.
December 29, 2019
The idea of a Universal Basic Income (UBI) is currently the subject of much interest and discussion in the UK, with support and opposition from several parts of the political spectrum.
February 16, 2018
A ‘free’ banking system without a central bank provides incentives for banks to act with restraint. Their lending policies are, in effect, tied to each other. If one over-reaches, it will be pulled back as others present notes to and demand reserves from the bank that is lending recklessly.
April 28, 2016
The Institute for International Finance has just released an interesting briefing paper on the trends in risk-weighted assets (RWA) among major banks before and after the financial crisis.