Currency pegs have been used by many countries throughout history as a means of stabilising their exchange rates and reducing currency fluctuations. However, the use of currency pegs is not without controversy, as they have both benefits and drawbacks. In this article, we will explore the history of currency pegs, evaluate their pros and cons,Continue reading “History of Currency Pegs”
Category Archives: Monetary Policy
Turkish Monetary Crisis
Turkey has been experiencing a currency and monetary policy crisis over the past few years. This crisis has had significant economic and political implications for the country and has been a cause of concern for investors and policymakers around the world. Causes The Turkish currency and monetary policy crisis can be traced back to severalContinue reading “Turkish Monetary Crisis”
Declining homeownership
Homeownership levels in most developed countries have fallen over the past decade. In the UK, the rate of homeownership reached a peak of 73% in 2008; by 2017, this figure had fallen to 63%. The same phenomenon has been witnessed in similar western nations as in the US, it has fallen by 10% since 2008.Continue reading “Declining homeownership”
Quantity Theory of Credit: Better Banking?
Following the Financial Crisis of 2008, Western financial systems have been subject to much political debate. Severe misallocations of credit in the years leading up to the subprime mortgage led to excessive housing construction and speculation, culminating in a financial catastrophe. With this said, the role of large commercial and retail banks particularly hasn’t beenContinue reading “Quantity Theory of Credit: Better Banking?”
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