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Willem H. BuiterProject Syndicate |
NEW YORK – Last year, following the Great Inflation of 2021-22, central banks, leading academics, and international institutions issued a smattering...
The European Central Bank recently reported its first annual operating loss since 2004. Its losses for 2023 amounted to €1.3 billion ($1.41...
NEW YORK – The European Central Bank recently reported its first annual operating loss since 2004. Its losses for 2023 amounted to €1.3 billion...
NEW YORK – The European Central Bank too often finds itself “behind the curve” of events, and we believe the blame lies with its decision-making...
NEW YORK – The European Central Bank and the US Federal Reserve have each said that they do not intend to abolish physical cash if and when a...
NEW YORK – On August 30, 2023, the US Federal Reserve System’s Consolidated Statement of Condition recorded total capital of $42.72 billion. This...