Left to right: Ben Bernanke, Douglas Diamond and Philip Dybvig.
The Nobel Foundation
Until Diamond and Dybvig published key papers in the early 1980s, it wasn’t well understood that perfectly healthy banks could be brought down by panicking depositors.
The growth of Islamic banks provides Muslims living in North America with options that reflect their beliefs.
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Shariah law informs financial contracts and credit systems, and the growth of Islamic financing options provides an alternative to current debt-based banking systems.
A lot of African countries have implemented taxes on electronic transactions.
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The tax on electronic transactions has not generated as much revenue as the government of Ghana expected.
Central Bank of Nigeria, Ibadan zonal office.
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Nigeria’s banking sector is dominated by local players born out of state policy.
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Kiwibank is now a state-owned asset. But the government’s reasons for rescuing the bank might not make a great deal of sense.
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To assess the prospects of cryptocurrencies, it’s useful to consider how money was invented and became centralised in the first place.
Financial systems have evolved to allow contactless payments but people who cannot use digital services are being left behind.
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Not only are physical banks out of reach, people also face barriers to using digital financial services.
The Canada Infrastructure Bank was founded in 2017 by the Liberal Party to support revenue-generating infrastructure projects through public-private partnerships.
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Rather than underwriting private interests and the privatization of public services, the Canada Infrastructure Bank can build a better democratic institutional legacy.
Ghana’s economy is in dire straits.
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Ghana’s economy is in its most precarious state in decades.
Mobile money has deepened financial inclusion in Ghana.
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Mobile money service providers are on the path to find new ways of growing their customer base and keeping them.
In happier days. Nigerian President Muhammadu Buhari (centre) and Vice President Yemi Osinbajo (left) pose as Facebook founder Mark Zuckerberg takes a selfie during his visit to the country in 2016.
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Nigeria risks losing its recent status as Africa’s most attractive tech hub following its decision to suspend Twitter’s operations.
Banks must innovate to include financially vulnerable people.
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Banks can deploy artificial intelligence to create an understanding of current and prospective consumers and develop products that meet their needs.
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New Zealand’s financial system is sound but still vulnerable, according to the Reserve Bank. But without better evidence there’s too much room for fear-mongering and confusion.
Ghana is in the throes of a mobile money boom.
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An attempt to prevent fraud in Ghana’s burgeoning mobile money sector could be a setback for access to financial services.
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The New Zealand subsidiaries of major Australian banks might be highly profitable, but realising their true sale value can still be a challenge.
Bank buildings rise above the business district of Lagos. Banks must effectively communicate the impact of their engagement with women.
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Banks should consider and integrate women empowerment principles into their corporate social responsibility initiatives.
It’s time to acknowledge the varied forms of co-operativism, mutual aid, self-help groups and ROSCAs that are important to the vitality of civic life.
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Thousands of racialized women around the world run mutual aid co-ops to help each other and develop their communities.
Public banks around the world are working towards the public good during COVID-19. The Canada Infrastructure Bank, however, seems focused on privatizing critical public services instead of ensuring vital infrastructure across the country is built or maintained, like this project to repair the
bridge spanning the Halifax harbour in 2017.
THE CANADIAN PRESS/Andrew Vaughan
Canada doesn’t have many public banks. The best known, the Canada Infrastructure Bank, seems intent on privatizing critical public services instead of working towards the public good.
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An increasing number of individuals and companies are now investing in Bitcoin, the world’s largest and first fully-functioning cryptocurrency. But why? And which way is the market headed?
Akinwumi Adesina leads a bank that has the USA as its second largest shareholder.
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There is concern over the growing influence of non-regional players in decision making at the regional bank.