Reviewing 2020’s Central Bank Policies
2020 was unforgettable, especially for Bitcoin. To help memorialize this year for our readers, we asked our network of contributors to reflect on Bitcoin’s price action, technological development, community growth and more in 2020, and to reflect on what all of this might mean for 2021. These writers responded with a collection of thoughtful and thought-provoking articles. Click here to read all of the stories from our End Of Year 2020 Series. A “biblical flood of liquidity” was released onto the world this year by its largest central banks, raising fears for the longevity of....
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On this episode of "Fed Watch," the hosts discuss the year's policies from the world's foremost central banks. The post Reviewing Central Bank Policy In 2020 With Fed Watch appeared first on Bitcoin Magazine.
Raghuram Rajan, the governor of the Reserve Bank of India, questions the unconventional monetary policies central banks are pursuing and claims that pushing down interest rates results in people saving rather than spending. Rajan’s views echo those who criticize central bank policies, which have included restraining digital currencies. On leave from a teaching post at the University of Chicago, Rajan offered his insights during the International Monetary Fund (IMF) spring meeting in Washington, D.C. in an interview with MarketWatch. A persistent critic of Fed quantitative easing, Rajan....
The Indian government is consulting with the Reserve Bank of India (RBI) on crypto policies. According to the finance minister, the government and the central bank are in “complete harmony” on crypto and other issues. Indian Government and Central Bank Discussing Crypto Policies Internally Indian Finance Minister Nirmala Sitharaman revealed Monday that the government is discussing crypto policies with the central bank, the Reserve Bank of India (RBI). At the conclusion of the RBI’s board meeting, the finance minister told reporters that the government and the central....
Bitcoin and private blockchains offer an alternative to investors losing faith in centrally planned economic models, said billionaire investor Bill Gross. He warned that these central bank policies around the world “threaten capitalism” and real growth. The high-profile fund manager and philanthropist said central bank policies were like gamblers,....
UK-based banking giant HSBC sees blockchain technology to benefit state-installed central banks, institutions that are tasked and responsible for a country's economic growth and wellbeing. In a document obtained by Business Insider, HSBC sees the potential of blockchain technology to transcend private and investment banks and influence or even enhance central banks' policies. The publication reports that HSBC sees central banks' current method of helping the economy through interest rates has a few drawbacks. Notably, there's no guarantee of the money pumped into the real economy as the....