Economics

Economics

basics of economics

Industry: Economy

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Economics

hedge funds

Economy; Economics

These bogey-men of the financial markets are often blamed, usually unfairly, when things go wrong. There is no simple definition of a hedge fund (few of them actually hedge). But they all aim to ...

Reducing your risks. Hedging involves deliberately taking on a new risk that offsets an existing one, such as your exposure to an adverse change in an exchange rate, interest rate or commodity price. ...

hawala

Economy; Economics

An ancient system of moving money based on trust. It predates western bank practices. Although it is now more associated with the Middle East, a version of hawala existed in China in the second half ...

hard currency

Economy; Economics

Money you can trust. A hard currency is expected to retain its value, or even benefit from appreciation, against softer currencies. This makes it a popular choice for people involved in international ...

growth

Economy; Economics

What economic activity is all about, but how can it be made to happen? Economists have plenty of theories, but none of them has all the answers. Adam Smith attributed growth to the invisible hand, a ...

gross national product (GNP)

Economy; Economics

Another measure of a country's economic performance. It is calculated by adding to GDP the income earned by residents from investments abroad, less the corresponding income sent home by foreigners ...