What is Quantitative easing? Quantitative easing is an unconventional monetary policy tool which was used by the Central bank of the USA (Federal reserve) to boost the economy after the financial crisis of 2007-08. (Read more about monetary policy in this article: Monetary policy)
The Trans-Pacific Partnership (TPP) deal is a free trade agreement (FTA) signed by 12 countries bordering the Pacific ocean. It was finalised on 5th October 2015 after 5 years of intense negotiation. The countries that participated were: The United States, Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam.
Global oil prices have declined to around $47 a barrel. It was $110 in June 2014. Since then, prices have been on a free fall and it has reached below $50 a barrel. Prices of oil have been stable from the year 2010 till mid-2014.
Angus Deaton won the Nobel prize in Economic sciences 2015 for his “analysis of consumption, poverty, and welfare.” Through his work, he tried to improve the accuracy of measurements of economic indicators like income, consumption, and poverty. His work has influenced policy-making in developing countries.
Simply put, financial inclusion is providing basic financial services like credit, deposits, insurance, payments, remittances, etc. to all people without any discrimination. [You may also read: What do you mean by Microfinance and Microcredit?] The basic prerequisite to access these financial services is to have a bank account.
WHAT IS GREECE DEBT CRISIS? Greece is in a sovereign debt crisis. It is unable to repay the debt owed to other countries. Greece has been in crisis since the year 2009 and now its debt is over 170% of GDP. WHAT IS THE ROOT CAUSE OF THE CRISIS? The root cause of the crisis …
What exactly happened in China? The stock prices in China have been declining sharply since June 2015. On 24th August 2015, the stock prices fell by a massive 8.5%. It was the biggest one-day decline since the financial crisis of 2007 and was dubbed as “Black Monday”. Why did it happen?