Archive for February 8th, 2018

US History and the path to European Integration

February 8, 2018

Superb post by Prof Tim Taylor. He summarises this report (looks like a great read) by Adam Posen and Jacob Funk Kirkegaard.

This issue of how and whether Europe should become like US -as in one country- is always great to read. Lots of history here:

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Malawi central bank taking help of church to clean banknote usage practices in Malawi

February 8, 2018

Historically, there has always been this relationship between monetary authorities and religious authorities. The relationship has always been this topsy-turvy kind with one dominating the other over the period. There may have been rifts/conflicts but still the relationship was persisted.

This strong relationship has tempered down in recent years as central banks have become monetary authorities which have generally stayed away from religious matters.

Thus, it was Interesting to read this bit of central bank trivia. In  Malawi, people have not been using the currency notes properly leading to high damages in the notes. This leads central bank to print more notes than needed to replace the old notes leading to higher costs.

Thus, they have asked the church authorities to convey the message to people:

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Photo essay: Delight and wariness at India’s first floating market in Kolkata

February 8, 2018

Superb photo essay on floating market  at Patuli Lake in Calcutta. Moreover, establishing such a market in a place like Calcutta makes it even a better story.

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Independent fiscal councils and the conduct of fiscal policy

February 8, 2018

Voxeu has a free e-book and discussion on fiscal councils:

Money in the digital age: what role for central banks?

February 8, 2018

This is the title of the speech by Agustín Carstens General Manager, Bank for International Settlements.

He has this amazing money flower ( I think have seen it elsewhere as well, not sure where):

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