Interest payments on bilateral official debt were frozen in some of the world's poorest countries this year and in 2020 to alleviate the economic impacts of COVID-19.
Economics & Business
Aug 05, 2021
0
2
Cryptocurrencies have been treated as a financial terra incognita—they have enjoyed growing interest but also raised concerns due to their virtuality. The use of statistical methods utilizing correlation matrices to analyze ...
Mathematics
Apr 02, 2020
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10
After monster Hurricane Irma annihilated the farm sector of Barbuda in 2017, growers got smart: among other changes, they moved their crops to higher ground.
Environment
Sep 25, 2019
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6
The more than 2 million residents of Zimbabwe's capital and surrounding towns are now without water after authorities shut down the city's main treatment plant, raising new fears about disease after a recent cholera outbreak ...
Environment
Sep 24, 2019
4
35
President Donald Trump on Thursday night warned Facebook Inc. over its plan to create a digital currency, the Libra.
Business
Jul 12, 2019
1
0
Police in eastern China have busted a ring of illicit bitcoin miners who stole nearly $3 million worth of electricity to generate the digital currency, prompting a local power company to tip off investigators, authorities ...
Business
Jul 12, 2019
0
18
The US Federal Reserve has created a "working group" that is coordinating with government agencies and other central banks to consider the implications of Facebook's planned virtual currency Libra, chairman Jerome Powell ...
Business
Jul 10, 2019
0
0
An estimated two million cyber attacks in 2018 resulted in more than $45 billion in losses worldwide as local governments struggled to cope with ransomware and other malicious incidents, a study showed Tuesday.
Security
Jul 10, 2019
0
0
A statistical analysis of volatility in cryptocurrencies has been carried out using a news impact curve. The analysis provides empirical evidence that could help economists decide whether these modern digital currencies are ...
Business
Jul 02, 2019
0
0
Europeans and Americans have their Visa and Mastercards. For everyone else, here comes ... Libra?
Business
Jun 28, 2019
0
0
In economics, currency refers to a generally accepted medium of exchange. These are usually the coins and banknotes of a particular government, which comprise the physical aspects of a nation's money supply. The other part of a nation's money supply consists of bank deposits (sometimes called deposit money), ownership of which can be transferred by means of cheques, debit cards, or other forms of money transfer. Deposit money and currency are money in the sense that both are acceptable as a means of payment.
Money in the form of currency has predominated in human civilizations from about 10,000 BCE on. Usually (gold or silver) coins of intrinsic value (commodity money) have been the norm. However, nearly all contemporary money systems are based on fiat money – modern currency has value only by government order (fiat). Usually, the government declares the fiat currency (typically notes and coins issued by the central bank) to be legal tender, making it unlawful to not accept the fiat currency as a means of repayment for all debts, public and private.
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