A Questions of Culture, address to Eversheds Sutherland Conference on “Leadership and Culture Change in Financial Services” (14 November 2017). [8] World Economic Forum: Big Data, Big Impact: New Possibilities for International Development (22 January 2012). [9] Enria, Andrea: A binary future?
In Japan, the central bank is prohibited from engaging in direct financing of fiscal deficits in the first place. Meanwhile, the underwriting of zero-coupon perpetual government bonds by the central bank, which is often mentioned by supporters of helicopter money, is unrealistic even if legal problems are resolved, because the idea of capitalizing something that has no or little economic value is not practical.