Facebook co-founder Chris Hughes fears the Libra currency would insert a ‘powerful new corporate layer of monetary control between central banks and individuals’.
Gerd Altmann/Pixabay
A former senior economist with the Reserve Bank of Australia doubts Facebook’s cryptocurrency will take control of monetary policy away from central banks.
Every few years, the government hands the Reserve Bank a new set of instructions.
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Economic polarisation across Europe is becoming an important phenomenon, in part driven by monetary policies that can increase office prices and can even affect the fundamentals that drive the markets.
Whether there is a floor beneath which cuts in interest rate are ineffective depends in part on house prices.
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It is thought that it doesn’t help much to cut official interest rates toward or beyond zero, and maybe it doesn’t, but new research suggests the answer has a lot to do with the housing market.
President Trump has been attacking the Fed’s current policy of slowly raising interest rates. A former central bank official explains why that’s so troubling.
People queuing to withdraw cash at an ATM. Demonetisation in India has not met its target and actually reinforced informal networks.
Santosh Kumar
A change in the ownership of the South African Reserve Bank from private shareholders to government shouldn’t impact the constitutional mandate of the central bank in any way.
This man may soon be the world’s ‘second-most-powerful person.’
AP Photo/Andrew Harnik
The chair of the Federal Reserve is often considered the world’s ‘second-most-powerful person.’ So who is Jerome Powell and why does it matter that he may soon head the Fed?
Should the Reserve Bank of Australia better represent the poor?
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A new report suggests the board of the Reserve Bank of Australia should income a “representative of the poor”. This is a proposal worthy of consideration.
The US Federal Reserve is unwinding its bond buying program.
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Randal Quarles, the president’s first nominee to the Federal Reserve’s board of governors, has argued the bank should use rules to make decisions. But could such a shift prove disastrous in a crisis?
Stable food prices are a central issue for South Africa’s Reserve Bank. But should it be doing more to protect the poor?
Reuters/Siphiwe Sibeko
There’s a raging debate in South Africa about the role of its central bank. This is inevitable given that so much is changing in the world of central banking and in economic life.
All over the world people who have been harmed by the conventional money systems are devising alternative currencies, challenging the centralised monetary policy approach.
Distinguished Professor and Derek Schrier and Cecily Cameron Chair in Development Economics, School of Economics and Business Sciences, University of the Witwatersrand