World Bank recently released one of its flagship economic research publication: Global Economic Prospects June 2015. Developing countries face a series of tough challenges in 2015, including the looming prospect of higher borrowing costs in a new era of low … Continue reading Global Economic Prospects: The Global Economy in Transition
Insurance is a business with long history and plays an important role in modern finance world as the industry controls large amount of capital and investments. For example, Berkshire Hathaway, one of the largest corporations in US, is a conglomerate with … Continue reading An Introduction to Insurance Business
Most economists agree that deflation hurts the economy. They believe that deflation increases the real value of debt and decreases the income of producers, which can lead to their insolvency. Also, deflation increases the real value of cash, and so people will hold cash … Continue reading Is Deflation Really a Bad Thing for the Economy?