An important idea that the revolutionary United States originated is the separation of powers. That idea applies not only to a nations government but also her central banking system. Like the government itself, a central bank requires autonomy from the government while exercising influences on...
In a regime of , how might a Central Bank operate its monetary policy and its policy for intervention in foreign exchange markets? Why does it need foreign exchange reserves? The last 20 years have seen an increased international interdependence due to the reduction in...
Introduction A brief definition of Bitcoin is that it is a type of virtual currency. However, there is much more to bitcoins and the reasons why they have become more popular. Some people prefer bitcoin because it allows them to remain anonymous while making monetary...
The main purpose of the Eurozone Central Bank is maintaining stable prices in the Eurozone and accounting for all the inflation. It strives to maintain the inflation rate below, but close to 2%. Lately, due to the unfortunate combination of the conflict between Ukraine and...
The Reserve Bank of India (RBI) announced to create central bank digital currency (CBDC). RBI realized that cryptocurrencies can be the trend of payment in the future and expected to adopt the innovation at government level. Originally, RBI banned every domestic entity from adopting cryptocurrencies....
