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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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
Continue readingTo the casual observer it may seem absurd to suggest that the recent run-up in both inflation and asset prices is primarily a
Continue readingWith the Bank of England recently serving notice to its commercial banking sector that negative interest rates could soon be on its way,
Continue readingThere’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
Continue readingABSTRACT 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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