The following article will guide you to learn about how disequilibrium in balance of payments be corrected. The balance of payments must always balance. It is a truism. But it only means that the two sides of the account must always show the same total. It really does so. But what does it imply? It implies only an equality of [...]
In this article we will discuss about:- 1. Role of Asian Development Bank 2. Operations of Asian Development Bank 3. Resources. Role of Asian Development Bank: It was formed to foster economic growth and co-operation in the region of Asia and the Pacific and to contribute to the acceleration of economic development of the developing countries of the region. The [...]
The following article will guide you about how is currency convertibility done. Also learn about the IMF rules on convertibility. In international transactions currencies of different countries are used. Some of the world's currencies are accepted in all types of transactions throughout the world. These are called convertible currencies. Examples are US dollar, Swiss franc, French franc, British pound, Germany [...]