Articles on Monetary policy

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People queuing to withdraw cash at an ATM. Demonetisation in India has not met its target and actually reinforced informal networks. Santosh Kumar

The shock of Indian demonetisation: a failed attempt to formalise the economy

Instead of a clear movement toward more formalised economic transactions, demonetisation in India has reinforced the informal economy.
Fed Chair Janet Yellen heads one of the most powerful financial institutions in the world. Reuters/Carlos Barria

How Trump’s nominee for the Fed could turn central banking on its head

Randal Quarles, the president's first nominee to the Federal Reserve's board of governors, has argued the bank should use rules to make decisions. But could such a shift prove disastrous in a crisis?
Stable food prices are a central issue for South Africa’s Reserve Bank. But should it be doing more to protect the poor? Reuters/Siphiwe Sibeko

South Africa needs a sensible debate about its Reserve Bank. Here’s a start

There's a raging debate in South Africa about the role of its central bank. This is inevitable given that so much is changing in the world of central banking and in economic life.

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