One of the most common mistakes in judging central banks is to look only at the headline policy rate. A high nominal interest rate may...
Gold may be a “barbarous relic,” as John Maynard Keynes once observed, but it remains the relic of choice among central banks. Emerging-market central banks have...
For years, central banks have based their authority on a single assumption – that they act as unified bodies. Differences existed, but mostly remained internal,...
When diplomacy emerges in the middle of a war in the Middle East, it rarely signals peace – it signals that the cost of conflict...
Could the BRICS (Brazil, Russia, India, China, South Africa) ever launch a shared currency to challenge the US dollar’s dominant position in the world economy? Like...
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