A financial system is a set of institutions that permit the exchange of funds and credit. Learn how banks, insurers, and ...

Monetary policy encompasses the steps taken by a country's central bank to regulate the money supply with the objective of fostering economic growth and ensuring stability. Important methods include ...

“Sound money” is a term that often gets thrown around in economics discussions, but what does it really mean? In this article, we explore the concept of sound money, its historical context, its basic ...

Surveys of professional economic forecasters and financial market data can reveal public perceptions about the future conduct of monetary policy. Current estimates suggest that both professional ...

A free market is one where the laws of supply and demand provide the sole basis for the economic system, without government intervention. A core tenet of free markets is the idea ...

Demand for stablecoins has risen significantly but the crypto assets shouldn’t be the mainstay of the future monetary system, a group representing the world’s top central banks said. Stablecoins, a ...

Fiat money and commodity money represent two distinct forms of currency, each defined by what gives it value. Fiat money is government-issued currency that has no intrinsic value but holds purchasing ...

The US dollar is losing value in some areas under Donald Trump’s economic policies, but its dominant role in global trade and ...

2026 will likely be the year when we will start to see serious flaws, with the pure fiat global monetary system exposed. The root cause is the need for accommodating central bank policies in the face ...

ASEAN's drive towards regional economic integration includes developing a cross-border digital payment system for seamless financial transactions and promoting the use of local currencies, aiming to ...

A few years ago I wrote a piece, for Public Discourse, called “Montesquieu and the Monetary System.” It discussed our having fiat money, non-gold-standard money, today, from the perspective of the ...