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a term that has, in many instances, come to replace the older and no less complex notion of “development.” In fact, globalization, has replaced the term development as the new action word of contemporary international governance discourse....
be relevant mechanisms to make sure ongoing appraisal of the risks. This will make sure that the completion and the risk management strategy remain pertinent, as circumstances are altering all the time, so the appraisal of preceding decisi...
economic stability and growth in the country. The major goals of monetary policy are to make stability in prices and reduce unemployment. In monetary theory it shows that hoe monetary policy is formulated and implemented. Monetary policies ...
Economies around the world are in a liquidity trap. Conventional monetary policy will not be sufficient to generate recovery’. The alternative policy responses and their costs and benefits with reference to the US or the UK.’ It has often b...
free banking, the banks are also free to issue paper currency i.e. banknotes, of their own. In free banking system, the market is forced to control the supply of the total quantity of deposits and banknotes that can be supported by the give...
monetary and other financial markets, the determination of the interest rate, the extent to which these influence the behavior of the economic units and the implications of that influence in the macroeconomic context. It also studies the fo...
evolution of changes in the global currency system must be traced in order to better understand the country's international relations. Money is an integral part of the financial relations between the countries, therefore it makes sense to c...