Time-based Currency – in Economics
Time-based currency is a type of alternative currency that is based on the amount of time that an individual contributes to a community or organization.…
Economics
Various Applications of Platform Economy
The platform economy refers to the ecosystem of businesses and organizations that operate through digital platforms, connecting buyers and sellers, service providers and consumers, and…
Sharing Economy – in a Socio-economic System
The sharing economy is a socio-economic system built around the sharing of resources, such as goods, services, and skills, facilitated by technology platforms. These systems…
Applications of Local Currency
Local currency refers to a currency that is used in a particular geographic location or region, rather than being widely accepted internationally. This currency is…
According to Economists, China’s Banking Issues are not Comparable to Those of Silicon Valley Bank
Small banks in China have problems, but they don’t pose the same risks as those made public by Silicon Valley Bank’s collapse, according to Zhu…
Pigouvian Tax
A Pigouvian tax is a type of tax on economic activities that generate negative externalities, which are costs imposed on society as a whole that…
Notwithstanding Market Chaos, the European Central Bank Raises Rates and Offers Assistance if Necessary
In light of recent upheaval in the banking industry, the European Central Bank (ECB) on Thursday (March 16, 2023) announced a further rate increase of…
As Predicted, the Inflation Measure Rose by 0.4% in February and is Already Up 6% from a Year Earlier
Despite recent instability in the banking industry, inflation increased in February but remained in line with predictions, presumably keeping the Federal Reserve on track for…
The Chance of a Fed Hike is 50-50, and Regional Banks Might be the Strongest Indicator
The markets have once again changed their minds about what they believe the Federal Reserve will do in regards to interest rates next week. Further…
Financial Accelerator in Macroeconomics
The financial accelerator is a concept in macroeconomics that explains how financial markets and the availability of credit can amplify the effects of economic shocks.…
Causes of Sovereign Default
Sovereign default occurs when a country is unable to repay its debt obligations to its creditors, including both domestic and foreign lenders. Bondholders monitor a…
Consequences Sovereign Default
Sovereign default occurs when a government is unable or unwilling to meet its debt obligations, which means it is unable to repay the principal and…
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