Cryptoassets as National Currency? A Step Too Far
New digital forms of money have the potential to provide cheaper and faster payments, enhance financial inclusion, improve resilience and competition among payment providers, and facilitate cross-border transfers. But doing so is not…
Taming Market Power Could (also) help Monetary Policy
Some central banks are currently debating whether to tighten monetary policy to fight inflationary pressures, after having eased decisively in response to the COVID-19 shock. In making such decisions, central bankers have to…
Legally Speaking, is Digital Money Really Money?
Countries are moving fast toward creating digital currencies. Or, so we hear from various surveys showing an increasing number of central banks making substantial progress towards having an official digital currency. But, in…
Monetary Policy for all? Inequality and the Conduct of Monetary Policy
nequality in both advanced economies and emerging markets has been on the rise in recent decades. The COVID-19 pandemic has exacerbated and raised awareness of disparities between the rich and poor.
Central Banks’ Digital Currencies: To Cherish or Not?
Tech companies have done a lot to make cashless payments mainstream, and while the argument that the central bank should officially approve the adoption of digital currencies or regulate them is ongoing, the…
How Different Countries are Responding to the Coronavirus Economy
Around the world, central banks as well as governments are doing what they can as well to stimulate and protect their economies. The European Central Bank (ECB) announced an $820 billion stimulus plan…
Why the Central Bank of Nigeria will Devalue the Currency in 2020
With the Coronavirus outbreak having its toll on business and economic activities, recently released trade figures as well as policies not having their desired effects, we believe that there will be an unexpected…
The Monetary Trilemma as it Relates to Nigeria
Dr, Temitope Oshikoya examined the evolution of the trilemma indices in the context of the exchange rate, interest rate and capital controls management framework in Nigeria from 1960 to 2014.