Money, Banking and Financial Markets

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• Money, Banking and Financial Markets

  Moneyandbanking.com is the site where you can learn about finance and economics. We provide commentary on events in the news and on questions of more lasting interest.

• Bank Runs and Panics: A Primer — Money, Banking and Financial Markets

  A bank promises its clients immediate access to cash. Depositors can redeem their funds on demand at face value—first come, first served. Other short-term creditors can do the same, albeit at vary...

• Do central banks need capital? — Money, Banking and Financial Markets

  If you ask monetary economists whether we should care if a central bank’s capital level falls below zero (even for an extended period of time), most will say no. Pose the same question to central ...

• Banking the Masses — Money, Banking and Financial Markets

  Just three years ago, the World Bank estimated that 2½ billion adults (15 years and above) had no access to modern finance: no bank deposit, no formal credit, and no means of payment other than ca...

• A Primer on Central Bank Independence — Money, Banking and Financial Markets

  Central bank independence is controversial. It requires the delegation of powerful authority to a group of unelected officials. In a democracy, this anomaly naturally raises questions of legitimac...

• Where Governments Should Spend More — Money, Banking and Financial Markets

  As a result of the pandemic, U.S. general government debt (federal, state, and local obligations combined) has surged above 130 percent of GDP, more than double what it was in 2007. And, recent U....