It goes without saying, that there are several prerequisites for national currencies usage: reliable economic and financial developments, economic demand of the currency, ability of the national currency to perform as the money abroad (payments, savings, exchange base, etc.), low level of transaction costs (favorable conditions for relations), legislation, that ...
Read More »Tag Archives: banks
Petro-Euro, money-debt, banking crisis, real economy: ten years to seal the fate of an economic-financial system
Precisely ten years ago (to the day), in its second bulletin of February 2006[1], warning about the imminent explosion of a «global systemic crisis”, the GEAB based its opinion on the identification of two strong signs: the end of the publication of the M3 money supply indicator[2] (suggesting a start ...
Read More »2016 – Red alert on the dollar, financial crisis, oil, banks… General strategic retreat in the perspective of an imminent “hard landing”
Our team has chosen to place 2016 under the sign of a “general strategic retreat”, affecting all levels of social organization, starting of course with the national levels, but not only. This retreat (or fallback) will not yet represent in 2016 the end of the global mobility, of the international ...
Read More »Banks within BRICS economic development, by Prof. Irina Z. Yarygina
Actually within BRICS countries strategic importance is placed on mutual economic developments. Special role in this processes is played by banks. There is no denying the fact, that effective banking strategy depends on accurate assessment of common problems and a search for mutual solutions to increase quality of life in ...
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