Category Archives: World Economy


The 1997 Asian Financial Crisis was the crisis that affected many Asian countries in July 1997. The Asian countries affected were Thailand, South Korea, Malaysia, Indonesia, Singapore and the Philippines. The crisis originated in Thailand. Thailand’s currency Baht collapsed in Read more…


What is a trade war? Investopedia defines trade war as, “A negative side effect of protectionism that occurs when Country A raises tariffs on Country B’s imports in retaliation for Country B raising tariffs on Country A’s imports.” The US has raised tariffs on certain imports. If other Read more…


What is a Mutual Fund? A mutual fund is a financial institution which collects money from a large number of investors. The money collected is invested in shares, bonds etc. The income and capital gains earned through these investments are Read more…


What is structured finance? In simple words, structured finance is the use of complex financial instruments. Structured financial instruments are riskier It is mostly used by financial institutions and companies with unique financing needs Some examples of structured financial instruments- Read more…


What is meant by Basel norms or Basel accords? Basel norms are international banking regulations issued by the Basel Committee on Banking Supervision (BCBS). The Basel norms is an effort to coordinate banking regulations across the globe, with the goal Read more…


When America sneezes, the world catches a cold. Earlier this week, in America, the Dow Jones Industrial Average witnessed two successive one-day falls– one for 666 points and the other for 1175 points. It was the largest one-day fall in its history. In percentage terms, the decline Read more…


The international monetary system refers to the system and rules that govern the use and exchange of money around the world and between countries. History of International Monetary System There have been four phases/ stages in the evolution of the international Read more…

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