Sometimes, the economist in me really hates the news. Wait, that’s all the time. Economics is a complicated and imperfect discipline that is constantly changing. Unfortunately, the mainstream media is mostly interested in what it can feed people to get them to turn on the channel RIGHT NOW, so silly things like “facts” and “accuracy”… Continue reading Mainstream Monday: 3 Things you Should Know About Economics
We hear it in the media all the time: cash is dying (or should be killed off). We’re headed into a highly digitized world of payments where soon we’ll be paying for everything with just the touch of a fingertip. And it makes sense – the rise of electronic payment methods both inside and outside… Continue reading Is cash really on the way out?
As a follow up to my post on the unbanked, I wanted to delve a little bit deeper into the financial inclusion topic by discussing the underbanked. Particularly, I want to address the issues that arise when we try to box people into certain categories based on their behavior. Subsequently attempting to come up with… Continue reading What does “underbanked” even mean?
Financial inclusion is an economic topic that’s been on the radar of policymakers for years. In an international context, it has been newsworthy for a while. I think particularly all the buzz about M-PESA a few years ago and how mobile money was enabling economic growth thanks to greater financial interconnectedness brought this issue into… Continue reading Is being “unbanked” really so bad?