As the generally-accepted medium of exchange, money is unquestionably the most widely traded commodity on earth, comprising exactly one-half of every transaction in
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Tag: Money
Inflation, Asset Prices, and the Policy Mechanism, Explained
To the casual observer it may seem absurd to suggest that the recent run-up in both inflation and asset prices is primarily a
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How to Bake a Hot Potato (Bank of Canada Edition)
With the Bank of England recently serving notice to its commercial banking sector that negative interest rates could soon be on its way,
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The Bank of Canada’s Big Nothingburger
There’s been a lot of commotion as of late over the rapid pace of the Bank of Canada’s current bond buying program, with concern mounting
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How the Bank of Canada Creates Money
ABSTRACT This paper provides a general understanding of the process by which the Bank of Canada (BoC) creates money through large scale asset
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