Earth economics studies the economy of our planet from the perspective of an autarkic system (a “closed economy”). It ignores the constituent national and regional parts of the planet economy and focuses on the whole. The book respects the heritages of IS/LM (Keynes) and neoclassical growth (Solow) not out of economic respect but because these tools are very useful in understanding the crisis and the policy response to that crisis.
cryptocurrencies are emerging almost daily, and many interested parties are
wondering whether central banks should issue their own versions. But what might
central bank cryptocurrencies (CBCCs) look like and would they be useful? This
feature provides a taxonomy of money that identifies two types of CBCC - retail
and wholesale - and differentiates them from other forms of central bank money
such as cash and reserves. It discusses the different characteristics of CBCCs
and compares them with existing payment options.