Economics17 October 11<17 October 11 The rules of sovereign debt by David Howden Bonds have three features that differentiate them from equity instruments. They involve fixed and contractually binding interest payments. They have a finite maturity. Finally,…
Economics17 October 11<17 October 11 Monetary fallacies by Alasdair Macleod One rationale for quantitative easing is that it encourages economic growth. This must be based on the belief that monetary inflation is good for…