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What happens when a central bank splits in two?

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...

Last week I asked whether the Federal Reserve could get rid of the $100 bill. This week let's discuss whether it should get rid of the ...

Statistical agencies employ data collectors who walk up and down aisles with hand-held computers gathering sticker prices for things like fr...

Shibboleth , by Doris Scalcedo John Cochrane writes an interesting post that makes the case that removing or penalizing cash would not remo...

1685 Guinea with the bust of James II ( link ) The guinea makes a fascinating story because its evolution reveals so many different monetary...

The textbook definition of money is anything that functions simultaneously as a store of value , a medium of exchange , and a medium of acco...