Article & News

Author: GECMagz

Banking
Central bank independence: An update

Central bank independence refers to the absence of political influence on monetary policymaking. It is widely accepted that independence acts as a commitment device to

Economy
Defence spending – no free lunch

The relationship between defence spending and growth has recently returned to the centre of policy discourse. This column argues that increased military expenditure should add

Banking
Bank failures: The roles of solvency and liquidity

Do banks fail because of runs or because they become insolvent? Answering this question is central to understanding financial crises and designing effective financial stability