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Currency convertibility
If the post-1971 monetary system is bad, why isn’t gold higher?
Second, financial markets are big supporters of the current monetary systembecause they like the lax monetary policy and the liquidity drops of the central banks. Remember, the US stock market welcomed the closing of the window on gold,…
50 years since the closing of the “golden window” (part II) – Oped – Eurasia Review
The lasting impact of the Nixon shock
The economic and monetary consequences of Nixon's decision to end the convertibility of the US dollar into gold are as numerous as they are severe. It marked the start of five decades of monetary…
Are cryptocurrencies interconvertible? Looked
In India, crypto finance is a gray area and most companies prefer cash or e-commerceCryptocurrency is becoming more and more popular with each passing day. From young entrepreneurs to global business tycoons, all have been…
CBDC launches unlikely to condemn dollar dominance
Mid-August marked the 50th anniversary of the 'Weekend that Changed the World' when US President Richard Nixon suspended dollar-to-gold convertibility at a fixed price and rang the curtain on the Bretton International…
ESG statements by investment firms could do more harm than good
For those who sell responsible investment funds, the pandemic has turned out to be a marketing giveaway. Covid was a 'sustainability' crisis that should focus investors' attention on the looming biggest climate change crisis, fund!--
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Sprott Gold Talk Radio looks back at the end of Bretton Woods
August 15the, 1971, Richard Nixon ended the Bretton Woods agreements by suspending the convertibility of the US dollar into gold. As the world passes the 50e anniversary of this historic event, Sprott Gold Talk Radio host Ed Coyne…
Rise in stable coins echoes Bretton Woods
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Ousmène Jacques Mandeng is director of the consultancy boutique Economics Advisory Ltd and visiting…
RBI’s model on India’s digital currency could be released by end of 2021
The Reserve Bank of India (RBI) said on Friday that it could release a central bank digital currency (CBDC) model as soon as the end of this year.
Speaking at the post-monetary policy press conference, Deputy Governor T Rabi…
Examining the Impact of Exchange Rate Volatility in Nigeria
Friday, Aug 06, 2021 / 8:50 a.m. / By FDC Ltd / Header image credit: Nasdaq
Exchange rate stability is a major macroeconomic indicator used to measure the performance of an economy. The Nigerian forex market has undergone significant…
Economic development and post-COVID recovery
Comprising many of Africa's poorest countries, the CFA franc zone faces particularly daunting economic development and growth challenges in the context of the ongoing COVID-19 pandemic.
Encompassing 14 French-speaking West and…
“You will have a perfect and fair measure”
Then begins a new series of columns marking the 50th anniversary of the collapse of the Bretton Woods gold standard established in the closing months of World War II. A related editorial appears nearby.
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The 50th anniversary of…