Can’t we just print more money?

Book Review: Rupal Patel and Jack Meaning, ‘Can’t we just print more money – Economics in ten simple questions’, Cornerstone Press, London, May 2022.

The facade of the Bank of England. Edited from a photo by Samuel Regan-Asante on Unsplash

Introduction

The Bank of England is the first central bank to carry out the set of functions which are today associated with a central bank. It is not the oldest, an honour which goes to the Riksbank established in 1668. After its establishment in 1694 as an issuer of currency and as a government bank, the Bank of England started adding functions over the years. It was only in the second half of the 19th century, when it became a lender of last resort, that the Bank of England came to be acknowledged and regarded as a central bank. Continue reading “Can’t we just print more money?”

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CBDC and the Future of Money

Future of Money

The growth of cryptocurrencies in the last decade has forced many central banks across the world to consider issuing their own version, called Central Bank Digital Currency (CBDC). There have been several studies, official and private, that examine the pros and cons of introducing CBDC. Eswar Prasad in his new book provides a comprehensive look at the entire gamut of issues relating to CBDC.

My review of Eswar Prasad’s new book on fintech, cryptos, and CBDC: Future of Money: How the Digital Revolution is Transforming Currencies and Finance. Continue reading “CBDC and the Future of Money”

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