The World Bank Group (WBG) is a product of the Bretton Woods Accords ratified in 1944. With a stated mission of eradicating world poverty, the WBG issues loans, grants, and other aid to developing economies in need of financial or technological assistance.
The U.S. government shutdown of 2018-19 was the longest in history, illustrating a growing division in American politics. The product of a budgetary impasse, issues such as immigration reform and federal spending spurred the closure.
2018 has been an active year on the geopolitical front, led by a developing U.S.-China trade war. Escalating tariffs between the two nations threaten to disrupt the US$640 billion in annual two-way trade, but how would this impact the USD?
The Canadian dollar (CAD) has a storied history throughout the development of North America, world wars and international financial challenges. Existing as a pegged or floating currency, the CAD has shown resilience in the face of global economic chaos.
As a prominent member nation of the U.K., England was the determining factor in the outcome of the 2016 vote for Brexit. Throughout the Brexit process the GBP has experienced extreme volatility amid its recovery ahead of England's exit from the EU.
As an industrial superpower, China has taken steps to ensure that its domestic form of money, the yuan renminbi (CNY, RMB), is in line to secure reserve currency status. Through extensive economic reform and adoption of policies promoting the globalisation of its financial markets, China has advanced the CNY on an international stage. The Yuan Renminbi (CNY) And China's Acceptance Into The WTO Beginning with its acceptance into the World…
The Volcker rule was implemented in the U.S. in 2013, and was designed as a way to avoid another financial crisis. The rule restricts American banks and foreign banks doing business in the U.S. from specific financial activity. Learn how it works at FXCM.
The Taylor rule was developed to provide guidance to central banks, such as the U.S. Federal Reserve, for setting short-term interest rates based on economic conditions, including inflation and the unemployment rate. Learn more about the rule at FXCM.
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