This paper relates Keynes's discussions of money, the state theory of money, financial markets, investors' expectations, uncertainty, and liquidity preference to the dynamics of government bond yields for countries with monetary sovereignty. Keynes argued that the central bank can influence the...

Central bank digital currencies (CBDCs) have grasped the interest of central banks, policy makers, regulators, industry, and the general public, especially over the past year. The number of central banks actively engaging in CBDCs in one way or another, has increased from one third in 2018, to...