Forex brokers are very common these days. Forex brokers are the firms that enable currency traders to access a trading platform and buy and sell foreign currencies. The task of a forex broker is to handle a very small portion of the overall forex market. People who are international traders use […]
A single currency is a unified currency which is used by more than one country. The classic example of a single currency today is the euro. Euro is used by all the member states of the European Union. A single currency benefits the economy a lot. The goal of the European […]
Modern monetary systems are today followed in all the major countries of the world. this system contains the holders of money including businesses and governmental units; commercial banks which are privately or government-owned), which works through a network of borrowing in the form of deposits, giving loans to individuals, firms, or governments, […]
In modern monetary systems, central banks play a crucial role in the dynamics that an economy experiences. Today, almost every country has its central banks that take care of currency and foreign reserve related issues of the country. Central banks also have an important role in decision and policymaking criteria for […]
Demonetization is the process of bringing changes to the existing currency system in a country in which the state decides to demonetize the economy as well as to encourage a cash-less economy. Demonetization, in itself, holds many advantages for the country. Why is Demonetization Important? Demonetization is one of the biggest […]
The economy of a country consists of many areas which collectively work to make the economy work. The role of central banks is impossible to ignore. The central bank is an important aspect of the economy that has a variety of roles to play. Central banks are called the backbone of […]
The concept of central banks emerged with the establishment of the Bank of England in 1694. It is still believed that the concept of central banks did not exist until the 20th century. Basically, central banks were the solution to the problem of commercial banking systems at that time. The world recognized […]
Transitional economies are also called emerging economies that are broadly defined as nations which are in the process of rapid growth and industrialization. Mostly these nations are transforming into an open market economy with emerging characteristics like the growth of the working population. What are transitional economies? The term transitional economies […]
Demonetization policy is implemented in order to bring changes to the existing currency system. Following the demonetization policy, a country can change the paper money to encourage a cash-less economy in order to boost the electronic money system. The basic reason behind the implementation of demonetization is to track black money, […]
Besides the importance of shaping monetary policy, implementation is also crucial. For developing countries especially, these monetary policies are important and it is also important to implement them during suitable times of economic activity. Implementation of Monetary Policy? Open market operations are one way through which the monetary institutions buy and […]
Forex has been emerging as a very popular trading platform, especially for the people belonging to financial backgrounds. What motivates young graduates and experienced professionals to choose this as a career is the motivation given by the fact that you can be your own boss and make money through your phone […]
Taxation is a mechanism through which a state collects revenue for its expenditure from the people of the country. Taxation is not only applied to people but a state can also collect taxes in the process of trade as well. The state applies tariffs of the imports coming into the economy. […]
A black market is considered a type of economic activity taking place outside the sanctioned channels of the government. The transactions of the black market usually occur “under the table” to allow participants to avoid price controls or taxes of the government. The black markers are also known to be the […]
The mechanism of drafting, announcing, and implementing the plan of actions taken by the Central Banks, currency organizations, or other monetary authority of a country that controls the quantity of money in an economy and the channels by which new money is supplied is known as monetary policy. The management of […]
Black markets aren’t chains of stores like the Walmart or a trading site like the Amazon and eBay. The most suitable definition for the black markets is that it is just a term used to refer to unregulated trading between two people. However, currently, the highest network of black markets is […]