What is Merged Currency? A Detail Guide

Merged currency is a common currency used between one or more nations of the world. For example, in European countries, people don’t worry about any exchange rates because they know that the value of the euro will be the same in all the member states of the European Union. The advantage […]

Remittance that is helping Rural Pakistan

Pakistan is known as one of the developing nations of the world. Pakistan has been facing several economic and social problems. Poverty and unemployment are on the peak. Remittances play a crucial role in the economy of the country especially for the households living in rural areas. A higher percentage of […]

Why Money Transfer Companies So Helpful?

In the present era, people are highly relying on money transfer companies because it is the best way to send money to a place far away from where your loved ones live. Why Money Transfer Companies So Helpful? The greatest beneficiaries of money transfer companies are those who are foreign workers […]

How Modern Monetary System has changed the economy?

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, […]

Why Central Banks are Important?

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 […]

Why is there a Central bank?

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 […]

What are transitional economies?

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 […]

Implementation of Monetary Policy?

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 […]