Finance

By Sameer Sharma Conventional monetary policy is about the central bank having a policy rate which sets an interest rate floor for the interest rate structure of the economy. All other interest rates are derived from this floor with the addition, of course, of various risk premias such as term premia, inflation risk premia, [...]

By Henri Lepage Libertarians are rightly cheering to the rise of crypto-currencies. For the first time ever, initially with Bitcoin and now with Libra, central banks national monopolies are facing the prospect of a real market competitive challenge. That being said, the idea of central banks having to face private rivalry is not as far [...]