The delicate balance of setting central bank interest rates

As the Bank of Canada prepared to announce its decision on interest rates in early September, Tiff Macklem, the bank's governor, received imploring letters from premiers spanning both the country and the political spectrum.

How savvy shoppers undermined India's great cash swap

At 8:15 p.m. on November 8, 2016, India's Prime Minister Narendra Modi delivered a surprise address live on national television. He announced that, at midnight, all 500- and 1,000-rupee notes would cease to be legal tender. ...

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