About five million Britons suffer from anxiety or depression, and some 1.2 million are waiting to see an NHS mental health specialist. This includes nearly 700,000 children, Government figures show.
Westford University College, one of UAE’s leading business schools hosted its felicitation ceremony, ‘La Reussite’ for its 2020 and 2021 batches of graduates. The st.
Ellucian, a leading higher education technology solutions provider, today announced that Cardiff Metropolitan University has selected Ellucian cloud solutions to modernize its technology operations
/PRNewswire/ Ellucian, a leading higher education technology solutions provider, today announced that Cardiff Metropolitan University (Cardiff Met) has.
Should the CBN print money to finance fiscal deficits?
By
By Dr Nasir Aminu
Printing money to aid fiscal deficits is not uncommon for monetary authorities around the world. It is done in the form of monetisation – a way for the government to fund itself by issuing non-interest-bearing liabilities, like fiat currency or bank reserves held at the central bank. The countries currently monetising public deficits, most advanced economies, have reduced their interest rates to around zero per cent, while there are 22 countries with rates below zero per cent as of February 2021.
These countries are thought to be adopting the self-proclaimed Modern Monetary Theory. In this situation, the government or central bank can print as much money as it wishes to finance its fiscal deficit. The theory claim that a government can print money to finance its entire spending programme if it likes. That does not mean the policy has no consequences. Theoretically, such liquidity provided by central ban