What happens when a central bank splits in two? joni Juni 02, 2016 Add Comment Bank of Greece, counterfeiting, fungibility, medium of account Edit Say the San Francisco Fed decided to secede from the Federal Reserve System or the Bank of Greece started to print its own euro notes withou... Read More
ETFs as money? joni April 09, 2016 Add Comment ETF, fintech, fungibility, medium of exchange, money market mutual funds, narrow banking, personal finance, stock market and equities Edit Blair Ferguson. Source: Bank of Canada Passive investing is eating Wall Street . According to 2015 Morningstar data , while actively managed... Read More
Can a central bank eliminate its highest value banknote? joni Februari 13, 2016 Add Comment cash, counterfeiting, demonetization, fungibility Edit Singapore's $10,000 bill, worth around US$7500, shares title to world's largest value banknote with Brunei's $10,000 Peter Sands... Read More
What makes money special, the lawyer's edition (with a guest appearance by bitcoin) joni Januari 03, 2016 Add Comment anonymity, bills of exchange, Bitcoin, coins, fungibility, Van Court's Bank Note Reporter Edit Juan Galt recently introduced me to one of bitcoin's biggest problems. Bitcoin is not money, at least not according to the law. Economi... Read More
A lazy central banker's guide to escaping liquidity traps joni Februari 17, 2015 Add Comment cash, fungibility, large value note embargo, Miles Kimball, Silvio Gesell, unit of account, zero lower bound Edit For lazy central bankers, this post describes three lite strategies for getting interest rates below the zero lower bound. Rather than requi... Read More