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Some Contemporary and Classical Issues of Money and Finance
Post the pandemic, the world seems to be back on a high-inflation path, and many geographies in the advanced world have started witnessing inflation rates that were prevalent in the early 1970s. Admittedly, the ongoing war between Russia and Ukraine and the associated supply shocks have had their role in this phenomenon of high inflation. Thus, in a marked departure of the period of the “great moderation,” inflation and its nature have emerged as key issues in the contemporary policy discourse.
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Post the pandemic, the world seems to be back on a high-inflation path, and many geographies in the advanced world have started witnessing inflation rates that were prevalent in the early 1970s. Admittedly, the ongoing war between Russia and Ukraine and the associated supply shocks have had their role in this phenomenon of high inflation. Thus, in a marked departure of the period of the “great moderation,” inflation and its nature have emerged as key issues in the contemporary policy discourse. Along with this, stability concerns in the banks seemed to have surfaced across the United States (US). Coinciding with the near-synchronised rate hikes by the central banks in the developed world, the equity market in these countries have shown some symptoms of dampened exuberance.
It is in this context that this special issue on Money, Banking and Finance brings together a wide bouquet of papers on some contemporary and some age-old, classical issues of money and finance.
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