World Economy

Stages of Evolution of International Monetary System since Gold Standard

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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 the International Monetary System There have been four phases/ stages in the evolution of the international monetary system: Gold Standard (1875-1914) Inter-war period (1915-1944) Bretton Woods system (1945-1972) Present International …

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What do you mean by Microfinance and Microcredit?

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Asian Development bank defines Microfinance as the provision of a broad range of financial services such as deposits, loans, payment services, money transfers, and insurance to poor and low-income households. In short, Microfinance is providing basic financial services such as loan, insurance etc. to poor at low costs. It helps in financial inclusion. (Read: Financial Inclusion and …

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What is Neo-liberalism?

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In recent years, the term ‘Neo-liberalism’ has become a catchphrase and is often used in political debates. The meaning of the word itself has evolved over the years. The basic tenet on which the idea of ‘neo-liberalism’ is based is free-market. Neo-liberals believe that free market with minimum Government intervention leads to optimum allocation of resources …

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What is the difference between Nominal and PPP GDP?

11 Comments / Economics, Economyria Explainer, Indian Economy, World Economy / By

GDP is the total value of all goods and services produced in the economy in a given period of time. You may read: GDP Demystified for a better understanding of GDP. If we use the current prices of goods and services to calculate GDP, we get Nominal GDP. India’s GDP in the year 2016-17 was estimated to be Rs.1,52,51,028 …

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Derivatives meaning – Forward, Futures, Option & Swap Explained

2 Comments / Economics, Economyria Explainer, Indian Economy, World Economy / By

Derivatives meaning A derivative is a financial instrument that derives its value/ price from the value of another asset, known as an underlying asset. The common underlying assets are stocks, bonds, commodities, currencies, interest rates, etc. The basic types of derivatives are forward, futures, options,  and swap. Forward A forward contract is a contract between …

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Types of Foreign Investment- Decoded- FDI, FII, FPI and QFI

6 Comments / Economyria Explainer, Indian Economy, World Economy / By

There are different types of foreign investment. Foreign investors can invest in India either through Foreign Direct Investment (FDI) or Foreign Institutional Investment (FII). Types of Foreign Investment 1) Foreign Direct Investment Foreign direct investment (FDI) is when a foreign company or individual makes an investment in India that involves either (i) establishing new business …

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All you need to know about the Economics Nobel Prize for Richard Thaler

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The 2017 Nobel prize in Economic Science has been awarded to Richard H. Thaler. He was a Professor of Economics at the University of Chicago. Thaler has been recognised for his ‘contributions to Behavioural Economics.’ Economists make simplified assumptions about the economy to develop economic models. A common assumption is that individuals are perfectly rational and …

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