I read an interesting book this past weekend by Nick Schultz and Arnold Kling: From Poverty to Prosperity. It's a nice exposition of how life has changed over the past 100 years (mainly for the good), ...

Why it's as if there were a tax on the non-financial portions of the economy that redistributes wealth to the financial sector. The financial sector provides a crucial function to society. It ...

Intermediation is the action of matching lenders with savings to borrowers who need money, usually through an agent or a third party. Intermediation is a process that an institution or entity goes ...

Financial interdependence in the global economy is intensifying. The globalisation of the financial services industry and markets, and the intensification of international financial integration create ...

BoU in its Monetary Policy Statement of April 06, 2020, made reference to credit relief measures to mitigate the adverse effects of the Covid-19 pandemic, ensuring financial sector stability, and ...