Unlocking the Central Bank

Central Banks are the backbone of an economic system. Any fracture can create serious concerns for the financial future of the country. In recent years, there have been numerous articles raising questions about the credibility of central banks. This article focuses the basics of central banks with a strong focus on its relation with the financial crises.

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The Secret Passage to Swiss Banking

Switzerland remains one of the most stable economies across the world and has not been in conflict with another country since 1505. With strong political stability and high per capita income across the world, it has also managed to keep its unemployment rate low. With Basel having headquarters of Bank of International Settlements (facilitates cooperation among the world’s central banks), Switzerland is considered one of the biggest tax havens in the world. The offshore accounts with Swiss banks have partial or full exemptions depending on the private bank. The country implements an extremely high level of secrecy when it comes to disclosure of financial assets of its clients.

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BANKING DEVELOPMENTS

Banking Industry has evolved tremendously over a period of time. Nowadays, modern banking sector is doing away with its traditional methods and shifting focus to a more advanced and digitally connected network. While many countries are still struggling to get basic banking facilities, there are others that are growing not only in number but facing fierce competition from non-banks. As we all know, banking, in recent years, is not all about depositing and taking loans but much more.

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A Second Financial Crisis – are we in denial?

Six years of the financial turmoil has given a reason for many debates, research, arguments, discussions and even research work to many. To many nothing has really changed, in fact to them, we might be looking at something more serious in 2015. The question that is important is whether there is any truth to the occurrence of second financial crisis or are we just in denial?

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The Failing Pulse of Japan

On October 30, 2014 Paul Krugman wrote in New York Times ” Japan used to be a cautionary tale, but the rest of us have messed up so badly that it almost looks like a role model instead.” Japan’s economy has been in coma for the past 20 years and its revival has been the focus of many debates and case studies (and many criticisms). With promising reforms like Big Bang and Abenomics, it is important to check whether Japan has overcome some hurdles or whether the reforms proved to be a complete failure.

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