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Economics Tech

Cryptocurrencies Explained: How do they work?

In my last post in this “Cryptocurrencies Explained” series, we analyzed traditional currencies and banking systems and their drawbacks. In doing so, we found that the traditional systems are highly centralized and in turn limited in terms of security, equity and efficiency because they rely on trusted centralized authorities and middle-men. Yet as I explained […]

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Economics Tech

Cryptocurrencies Explained: Why do they exist?

Partly due to Bitcoin’s astronomical price increase from $9.35 per coin in July 2012 to $13,860.14 per coin in December 2017, blockchain based cryptocurrencies have become popular buzzwords in the last decade or so. But aside from their reputation as a get-rich-quick scheme, few people understand any of their technicalities despite the many potential applications […]

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COVID-19 Economics

Is Sri Lanka Back to Normal?

With schools starting, businesses reopening, an election coming up and the curfew lifted, the big question on everyone’s mind is whether Sri Lanka is back to normal. Yet depending on who you ask and when you ask the answer to this question is likely to be different because we are not too far into this […]

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COVID-19 Economics

Reemerging from the COVID-19 Recession

The last time I wrote a comprehensive piece about the economic impact of COVID-19 was almost two months ago back in mid March. At the time, there were just 140,000 cases of the disease across the world and we were only beginning to see some of the immediate economic effects of the pandemic. I ended the piece […]

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COVID-19 Economics

COVID-19: Rising Inequalities

At this point, almost every nation in the world has enforced strict lockdown measures in an effort to ensure social distancing and in turn minimize the spread of COVID-19. As a result, global and local economic engines have sputtered to a halt causing one of the biggest and novel recessions we have faced in decades. […]

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COVID-19 Economics

COVID-19: The Economic Impact Simplified

COVID-19, the Corona Virus that originated in Wuhan and has been in the news for the last few months has brought the entire world to a halt in the last 5 to 6 days. With 137,445 confirmed cases of COVID-19 and 5,088 deaths across almost 120 countries, it came as no surprise when the World […]