EU treaties, it is said, would not allow the IMF to bailout a Eurozone country because the Fund uses financial means from central banks of Eurozone countries. However, this use is only indirect and – different from direct financing government expenses by a Eurozone central bank – the IMF’...
But they did not question the system as such or look for alternative forms of financing their business. There were also no alternatives offered to them. For instance, banks did not even attempt to finance the business of shoemakers. Banks, despite their lower cost of liquidity, are not able...
Ignoring the cornerstones also underlies financial crises, such as the one that began in 2007. When banks and investors forgot the conservation-of-value principle, they took on a level of risk that was unsustainable. First, homeowners and speculators bought homes—essentially illiquid assets. They ...
Why did Henry Ford pay his workers so well? Henry Ford: Henry Ford was an American entrepreneur and engineer who figured out how to mass produce the automobile and make it affordable for the common person. Ford's work revolutionized the structure of human life and the structure of the manufa...
We feel the concept of digital banking is now at a level of maturity to serve the needs of global businesses. We’ve seen consumer neobanks such as SoFi, LendingClub, and Nubank expand from niche products to become full-stack banks. And more recently we’ve seen this accelerate on the ...
India's growth rate did decline, but India would also emerge as the country with second highest growth rate, behind Chin Why is depreciation in money harmful for an economy? The INR/$ exchange rate was approximately 20Rs/$1, 25 odd years ago. Why has the rupee depreciated so...
Libor Manipulation:The Libor (London Interbank Offered Rate) scandal emerged in 2012 when it was discovered that numerous banks were colluding to manipulate the benchmark interest rate. Banks involved in the scandal, including Barclays, UBS, and Royal Bank of Scotland (RBS), were found guilty of...
Consumer finance companies differ from commercial banks in several ways, and one notable difference is the interest rates they charge. It is a common observation that consumer finance companies tend to charge higher interest rates compared to commercial banks. This raises the question: why do ...
Andrew Carnegie (b. 1835) was an incredibly wealthy businessman and philanthropist. His company, Carnegie Steel, was one of the most dominant companies of its age, thanks in part to it having a vertical monopoly. Answer and Explanation: ...
Answer and Explanation: The electric motor was important to the Industrial Revolution because it was more efficient than previous efforts at keeping machines running... Learn more about this topic: Industrial Revolution | Inventions, Machines & Impact ...