The Costs and Benefits of Dollarization
Currency substitution, also known as dollarization, refers to a country’s use of a foreign currency in parallel to or in place of its own domestic currency. While currency substitution can…
Commentary
Federal Reserve Balance Sheet and Quantitative Tightening
The US Federal Reserve (FED) in its May 2022 meeting raised interest rates by 0.50% (50 bps), the single largest hike since 2000, bringing the rate to a target range…
Global Inflation Outlook: Can monetary policy effectively control the ongoing shocks?
Inflation relates to a situation where the purchasing power of money is eroded over time, typically manifesting as higher prices for goods and services. It is measured by the rate…
Is Stagflation a real threat today?
It is little surprise that the word “stagflation” is trending as the world contends with the possibility of slower economic growth, higher unemployment and higher inflation. Stagflation would be an…
Climate Change and the Labour Market
The recent surge in catastrophic natural disasters and worldwide calamities would have forced most countries to re-evaluate economic growth models with specific emphasis on consumption and production practices. Presently, through…
Weaker Economic Prospects for Latin America and Caribbean
After experiencing the worst economic downturn in more than a century, 2022 was ushered in with hopeful signs for recovery albeit with the scars of the crisis still visible in…
