Manmohan Singh on the Role and Structure of Stablecoins and the Impact of Collateral in the Financial System
Macro Musings with David Beckworth
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Money Aggregation in Low Income Countries
In certain countries you don't go through the bank because it involves a cut. And literally, mobile transfers, tro phones, three 400 dollars a month is nothing. So if this catch is tem i think everybody should understand how this will impact your monetary operation. The leakage from sa mobile transfers bill may be a lekage of emto so this is what some of the money aggregate folks should bear in mind. For those who are in cristian targeters, it's a different world but understanding liquidity outside the banking system, or liquidity from the digital money, where the velocity is much higher, is still a very relevant topic.
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