Dear Central Banks, We Are in a Global Recession

2016 started off as one of the worst years on record for the stock market. As investors scrambled around dreading that the bull market...

The Foreign Exchange Rate Determination Issue and its Empirical Deviations

The discussion about the theories that determine the foreign exchange rate is a recurrent issue in the economic literature. Theoretical and empirical approaches achieved...

New Momentum for Russia – Nigeria Relations

Nigeria is considered the economic powerhouse in the West Africa region. As it is popular known, Nigeria is one of Africa's fastest growing economies...

Japan: Symptom of a Larger Financial Crisis?

Conventional wisdom dictates that money should be deposited in a bank rather than under a mattress. Aside from the security motives, the bank typically...

Saudi Arabia – Devaluation of the Riyal

The Saudi Riyal has been pegged to the US Dollar for the past 30 years but this may all soon change as the volatile...

Interview with Lyubov Demidova

Recognizing the huge untapped potential in their economic cooperation, Russia and Africa have taken steady efforts in raising the level of trade and business...

Shaping the Fourth Industrial Revolution

Ubiquitous, mobile supercomputing. Intelligent robots. Self-driving cars. Neuro-technological brain enhancements. Genetic editing. The evidence of dramatic change is all around us and it’s happening...

Federal Reserve’s Interest Rates Increase and Behaviour

Why U. S. Federal Reserve increase interest rates? How does the Fed efficiently use financial information? Which effect does it make in the City...

UNCTAD’s Creative Economy Programme as instrument for growth and development

Firstly, it is important to introduce the basic definitions and features of the creative economy approach. There is no consensus in literature around the...

Corporate Regulatory Compliance Might Not be Easy But It Is Simple

The deliberate deception at Volkswagen along with other events such as the insider trading at ImClone Systems and rogue trading at Bearings Bank all...

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