The mania and panic that have gripped decentralized cryptocurrencies are heightening the attraction of their coming rivals: digital cash, issued by central banks.
For Andy Mukherjee's latest contributions to The Japan Times, see below:
These invisible blockchain tokens could still turbocharge our everyday money: by making it move faster and stretching its worth.
Rapid digitization, especially in emerging markets, will compensate for decompression.
The Bank of Japan has no immediate plans, but it acknowledges the possibility "of a surge in public demand” for official digital cash going forward.
Policy makers in developing nations may not have a choice but to take what they can get — cheaply and quickly. But in so doing, they might just be storing up legal troubles for later.
For countries that pass the threshold conditions, MMT says the only real constraint on government spending is inflation.
Don’t be surprised if those retiring in 2035 need an extra five years or more of future income because of longevity alone.
The Indian government, too, has a toxic dependence on tobacco. It’s called ITC Ltd.
Almost 9 out of 10 Indian farmers have less than five acres. A majority carry on reluctantly, barely able to scratch out a living.
Amid the drumbeats of a U.S.-China cold war, the Southeast Asian island-state is often talked about as a sanctuary for capital looking to flee the clash of superpowers.