Search-and-rescue operations of boats carrying migrants across the central Mediterranean Sea did not appear to affect the rate of crossing attempts between 2011 and 2020, according to a modeling study published in Scientific ...
Social Sciences
Aug 3, 2023
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65
The "Kimchi premium" is a term used to refer to the gap between the price of bitcoins in South Korean versus Western exchanges. This difference, which was first observed in 2016, is caused due to the high demand for a limited ...
Economics & Business
Jan 9, 2023
1
5
A new paper links portfolio diversification and information production, explaining why banks concentrate their holdings of foreign assets.
Economics & Business
Sep 14, 2022
0
2
While cash is issued in the form of physical paper and coins, central bank digital currency (CBDC) involves recording transaction information in a digital ledger kept by the central bank. A study published in Economic Inquiry ...
Economics & Business
May 18, 2022
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14
Research by a Kingston University economist provides fresh evidence for Bitcoin being a safe haven for finance during a nation's economic crisis. The cryptocurrency proves volatile during a global crisis, however, as seen ...
Economics & Business
May 16, 2022
3
12
We are used to thinking of money as notes and coins, the kind most of us hold in our wallets. But most money—in Australia it's 96.3%—is digital, held by financial institutions and moved around via bank transfers, debit ...
Economics & Business
May 5, 2022
1
31
A new paper in Oxford Open Economics, published by Oxford University Press, shows that the US dollar can be considered as a major global factor that investors look at when making their portfolio allocation decisions in stock ...
Economics & Business
Mar 29, 2022
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13
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 5, 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 2, 2020
0
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
0
6
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.
This text uses material from Wikipedia, licensed under CC BY-SA
