All over the world people who have been harmed by the conventional money systems are devising alternative currencies, challenging the centralised monetary policy approach.
The prevailing mandate of the South African Reserve Bank is informed by sound economics and the need to protect the institution from the whims of politicians.
An Indian man displays new currency notes of 2,000 Indian rupee.
AP Photo/Ajit Solanki
Currency first hit the scene thousands of years ago. An anthropologist explains the early origins and uses of money – and how archaeological finds fill in our picture of the past.
The change in the price of crypto-currencies, like Bitcoin, and other crypto-assets are due to investors realising the value.
Chris Helgren/Reuters
While the current speculation in crypto-currency and assets should make us pause, this is not a speculative driven bubble like tulips, or gold mining stocks.
The South African Reserve Bank has come under spotlight due to the critical role it must play in enabling the country to navigate rough waters. Governor Lesetja Kganyago shares his views.
Oxfam’s efforts to find solutions to the world’s inequalities are welcome but its wrongful use of “human economy” and repackaging it as a concept from high up might do more harm than good.
Public co-operation is not proof of trust in government. The Indian people did not trust elected politicians to represent them against top-down policymaking that caused enormous difficulties.
China has introduced new currency and investment controls after foreign exchange reserves hit the lowest level since 2011. This could have a profound impact on our trading relationship.
Despite worries about a new Asian Financial Crisis, much has changed since the last one in 1997. Even if a crisis were to materialise, it would look quite different from that of two decades ago.
The Modi government is getting rid of RS500 and RS1,000 notes to try and combat the black market and corruption.
STR/EPA
Business Briefing: Former chief World Bank economist on inequality and doing away with big money
The Conversation22.3 MB(download)
A former chief economist to the World Bank and economic adviser to the Indian government says doing away with big currency notes is a noble idea but an ineffective tool.