Where Phones Pump Money

Kenya’s economic development has been fueled by a mobile banking system that makes it easy to save, send and spend money with a cell phone.

How a Cash-Free Economy Affects Your Health

Far beyond the change in our spending, a cash free economy would have an impact on our bacterial immunities and our neurology.

Where to Spend 100 Trillion (Zimbabwe) Dollars

Coping with hyperinflation, Zimbabwe finally had to replace their currency with the US. dollar. A low inflation rate should be their monetary policy goal.

The Reversed Role of Chinese Deposit Insurance

While many nations have deposit Insurance and China will have theirs very soon, the quality and the confidence in different deposit insurance schemes vary.

Who, How and When We Use Cash

Although coin and currency are costly to transport and secure, still, cash is a key component of the money supply that people use for low value payments.

The Nudge Toward a Goldilocks Savings Rate

We need to raise the low U.S. savings rate with new incentives like a lottery on savings deposits because households and business investment need savings.