Industry WIKI
Digital assets and currencies
Understand assets, networks and trading mechanics with sources you can check.
1993 Russian monetary reform
Russia's monetary reform of 1993 took place from 26 July to 7 August 1993.
Trading basics1998 Russian financial crisis
The Russian financial crisis (also called the ruble crisis or the Russian flu) began in Russia on 17 August 1998. It resulted in the Russian government and the Russian Central Bank devaluing the ruble and defaulting on its debt. The crisis had severe impacts on the economies of many neighboring countries.
Finance1998 Russian monetary reform
Russia launched a monetary reform on January 1, 1998. Preparation started in August 1997. Replacement of the old banknotes occurred gradually, until 2002.
Fiat currencies2008 G20 Washington summit
The 2008 G20 Washington Summit on Financial Markets and the World Economy was the first meeting, held in Washington, D.C., United States. It achieved general agreement amongst the G20 on how to cooperate in key areas so as to strengthen economic growth, deal with the 2008 financial crisis, and lay the foundation for reform to avoid similar crises in the future. The Summit resulted from a
Banking2022 Henan banks protests
The 2022 Henan banks protests were a series of demonstrations against four regional banks of Henan province, including Yuzhou Xinminsheng Village Bank, Shangcai Huimin County Bank, Zhecheng Huanghuai Community Bank and New Oriental Country Bank of Kaifeng, over alleged financial corruption. Deposits totaling around 40 billion yuan at these four banks in Henan, as well as at Guzhen Xinhua
Fiat currenciesAlan Walters
Sir Alan Arthur Walters (17 June 1926 – 3 January 2009) was a British economist who was best known as the Chief Economic Adviser to Prime Minister Margaret Thatcher from 1981 to 1983 and (following his return from the United States) again for five months in 1989.
FinanceAssociation for the Taxation of Financial Transactions and for Citizens' Action
The Association for the Taxation of Financial Transactions and for Citizens' Action (French: Association pour la Taxation des Transactions financières et pour l'Action Citoyenne, ATTAC) is an activist organisation originally created to promote the establishment of a tax on foreign exchange transactions.
Trading basicsBelt and Road Initiative
The Belt and Road Initiative (BRI or B&R), also known as One Belt One Road (Chinese: 一带一路; pinyin: Yīdài Yīlù) and sometimes called the New Silk Road, is a global infrastructure and economic development strategy pursued by the government of China since 2013. It includes projects in more than 150 countries spanning ports, railways, highways, power stations, aviation, and telecommunication
Trading basicsCapital accumulation
Capital accumulation is the dynamic that motivates the pursuit of profit, involving the investment of money or any financial asset with the goal of increasing the initial monetary value of said asset as a financial return whether in the form of profit, rent, interest, royalties or capital gains. The goal of accumulation of capital is to create new fixed capital and working capital, broad
BankingCentral bank independence
Central bank independence refers to the degree of autonomy and freedom a central bank has in conducting its monetary policy and managing the financial system and inflation targeting. The purpose of central bank independence is to maintain price stability, enhance the effectiveness of monetary policy, and ensure the stability of the financial system. Independent central banks have more cr
FinanceCentral Financial Work Conference
The Central Financial Work Conference, previously known as the National Financial Work Conference, is the highest-level conference in China in regards to financial work. It is held every five years.
FinanceChervonets
Chervonets (pl.: chervontsy) is the traditional Russian name for large foreign and domestic gold coins. The name comes from the Russian term червонное золото (chervonnoye zoloto), meaning 'red gold' (also known as rose gold) – the old name of a high-grade gold type.
BankingChina Consortium
The China Consortium, also referred to as banking consortium or financial consortium or four-, five-, or six-power consortium depending on context, refers to two successive cooperative arrangements formed by foreign banks under their respective governments' directions in the early 20th century, to coordinate lending to the Chinese government. These initiatives were resented by Chinese na
Fiat currenciesChinese gold yuan
The Chinese gold yuan (also known as golden round, golden yuan, among others) was a legal tender currency of China between August 1948 and 1949. It was a method used by the Republic of China government to accumulate gold from its citizens to fund its war effort. It circulated in the country under the effective control of the Government of the Republic of China, which issued paper money o
Trading basicsConstant and variable capital
Constant capital (c; German: konstantes Kapital) is a concept created by Karl Marx and used in Marxian political economy. It refers to one of the forms of capital invested in production, which contrasts with variable capital (v; German: variables Kapital). The distinction between constant and variable refers to an aspect of the economic role of factors of production in creating a new val
FinanceCPA Australia
CPA Australia ("Certified Practising Accountant") is a professional accounting body in Australia, originally founded as the "Incorporated Institute of Accountants" in 1886. As of 31 December 2020, it has 168,736 members in 150 countries and regions. CPA Australia currently has 19 staffed offices across Australia, China, Hong Kong, Malaysia, Singapore, Indonesia, Vietnam, New Zealand and
Trading basicsCross-Border Interbank Payment System
The Cross-border Interbank Payment System (CIPS; Chinese: 跨境银行间支付清算有限责任公司) is a Chinese payment system that offers clearing and settlement services for its participants in cross-border renminbi (RMB) payments and trade. CIPS is backed by the People's Bank of China and was launched in 2015 as part of a policy effort to internationalize the use of China's currency.
Trading basicsCuban convertible peso
The convertible peso (sometimes given as CUC$ and informally called a cuc or a chavito) was one of two official currencies in Cuba, the other being the Cuban peso. It had been in limited use since 1994, when its value was pegged 1:1 to the United States dollar.
Trading basicsE-toll (South Africa)
e-toll (in South Africa) consisted of the electronic toll collection (ETC) processes employed by South Africa's roads agency SANRAL on selected toll roads or toll lanes in the Gauteng province, subject to the Sanral Act of 1998. SANRAL derives its income both from toll income and the national fiscus, while initial capital outlay for large projects are funded by open market bond issues. I
Trading basicsEB-5 visa
The United States EB-5 visa, employment-based fifth preference category or EB-5 Immigrant Investor Visa Program was created in 1990 by the Immigration Act of 1990. It provides a method for eligible immigrant investors to become lawful permanent residents—informally known as "green card" holders—by investing substantial capital to finance a U.S. business (known as a "new commercial enterp
Trading basicsFictitious capital
Fictitious capital (German: fiktives Kapital) is a concept used by Karl Marx in his critique of political economy. It is introduced in chapter 25 of the third volume of Capital. Fictitious capital contrasts with what Marx calls "real capital", which is capital actually invested in physical means of production and workers, and "money capital", which is actual funds being held. The market
Trading basicsForeign direct investment in China
Foreign direct investment (FDI) has been an important part of the economy of the People's Republic of China since the 1980s. During the Mao period, most foreign companies halted their operations in China, though China remained connected to the world economy through a limited scale of international trade. Since 1978, China was again open to foreign investment and within two decades it bec
FinanceGolden share
In business and finance, a golden share is a type of share of stock that lets its owner outvote all other shareholders in certain circumstances. Golden shares often belong to the government when a government-owned company is undergoing the process of privatization and transformation into a stock company.
FinanceHistory of monetary policy in China
The history of monetary policy in China involves the evolution of the Chinese government's monetary policies from different imperial dynasties to the modern reforms created and employed by the Chinese Communist Party (CCP). China's monetary system changed significantly during the imperial period, moving from bronze coins to paper currency long before Europe did. In ancient times, variou
FinanceInternational Monetary Fund
The International Monetary Fund (IMF) is an international financial institution and a specialized agency of the United Nations, headquartered in Washington, D.C. It consists of 191 member countries, and its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth,
FinanceJeffrey Sachs
Jeffrey David Sachs ( SAKS; born November 5, 1954) is an American economist and public policy analyst. He is a professor at Columbia University, at which he was formerly director of The Earth Institute and currently director of the Center for Sustainable Development.
Trading basicsLocal government financing vehicle
In China, a local government financing vehicle (LGFV) (Chinese: 地方政府融资平台) is an investment company formed by local governments to raise funds, usually by borrowing money to finance real estate development and other local infrastructure projects. They allow local governments to finance infrastructure projects while complying with laws prohibiting them from issuing bonds or having deficits
Trading basicsMeans of production
In political philosophy, the means of production are the generally necessary assets and resources that enable a society to engage in production. While the exact resources encompassed may vary, they are widely agreed to include the classical factors of production (land, labor, and capital) as well as the general infrastructure and capital goods necessary to reproduce stable levels of prod
FinanceMinistry of Finance (China)
The Ministry of Finance of the People's Republic of China is the constituent department of the State Council of the People's Republic of China which administers macroeconomic policies and the annual budget. It also handles fiscal policy, economic regulations and government expenditure for the state. The ministry also records and publishes annual macroeconomic data on China's economy. T
FinanceMinistry of Finance (Nepal)
The Ministry of Finance (Nepali: अर्थ मन्त्रालय) is the central authority of Government of Nepal charged with the responsibilities for maintaining both micro and macro economic stability in the country.
FinanceMinistry of Finance (Vietnam)
The Ministry of Finance (MOF, Vietnamese: Bộ Tài chính) is the government ministry responsible for the finances of Vietnam, including managing the national budget, tax revenue, state assets, national financial reserves and the finances of state corporations. The Ministry manages the work of national accounting, state borrowing, the activities of stock markets, and the Department of Custo
FinanceMinistry of Finance of Tajikistan
The Ministry of Finance (Tajik: Вазорати молияи Ҷумҳурии Тоҷикистон) is the Tajikistani government ministry which oversees the public finances of Tajikistan.
FinanceMonetary reform in the Soviet Union, 1922–24
The 1922–1924 monetary reform of the Soviet Union was a set of monetary policies which was implemented in the Soviet Union as a part of the Soviet government’s New Economic Policy. The principal objectives of the reform included stopping the effects of hyperinflation, establishing a unified medium of exchange and the creation of a more-independent central bank.
FinanceMonetary reform in the Soviet Union, 1947
The monetary reform in the Soviet Union of 1947 (known as the "postwar reform") was carried out during December 16–19, 1947. It was the second Soviet monetary reform. At the same time the post-World War II rationing system was discontinued. The reform was a combination of redenomination and confiscation, the latter depending on the amount exchanged and whether the monies were kept at t
FinanceMonetary reform in the Soviet Union, 1961
A monetary reform of the Soviet ruble, also known as the Khrushchev reform (after Nikita Khrushchev, the Soviet leader at the time), took place on 1 January 1961. The reform consisted of the devaluation of the ruble against the United States dollar, and the redenomination of the ruble at a ratio of 10 to 1.
Securities & exchangesOld Saint Petersburg Stock Exchange and Rostral Columns
The Old Saint Petersburg Stock Exchange (also Bourse) and Rostral Columns, located in Saint Petersburg in the Russian Federation, are significant examples of Greek Revival architecture. Designed by French architect Thomas de Thomon, and inspired by the Greek Temple of Hera at Paestum, the stock exchange was constructed between 1805 and 1810. The rostral columns erected on either side of
FinancePolicy bank
Policy bank (Chinese: 政策性银行), or policy lender, is a state-owned financial institution established by the government of the People's Republic of China with the goal of implementing official economic policies and carrying out financial business in specific fields. This measure separates policy finance from commercial finance and establishes a policy bank to undertake strictly defined poli
FinancePort City Colombo
Port City Colombo (Sinhala: කොළඹ වරාය නගරය, romanised: Koḷam̆ba Warāya Nagaraya) is a multi-services special economic zone located in Colombo, Sri Lanka, which is currently under construction on reclaimed land adjacent to the Galle Face Green. The land reclamation work had been completed as of January 2019. In 2017, the cost was stated to be US$ 15 billion. Port City Colombo is a multi-b
Fiat currenciesPrice system
In economics, a price system is a system through which the valuations of any forms of property (tangible or intangible) are determined. All societies use price systems in the allocation and exchange of resources as a consequence of scarcity. Even in a barter system with no money, price systems are still utilized in the determination of exchange ratios (relative valuations) between the pr
Trading basicsSilver Republican Party
The Silver Republican Party, later known as the Lincoln Republican Party, was a United States political party from 1896 to 1901. It was so named because it split from the Republican Party by supporting free silver (effectively, expansionary monetary policy) and bimetallism. The main Republican Party opposed free silver and supported the gold standard. The strength of the Silver Republica
BankingSingle-tier banking system
A single-tier banking system is a policy framework under which all credit institutions coexist without distinction about the quality of their liabilities, or in other words, there is no distinction between central bank money and broad money. This setting is generally associated with communist economic systems.
FinanceSocial credit system
The social credit system (Chinese: 社会信用体系; pinyin: shèhuì xìnyòng tǐxì) is a national credit rating and blacklist implemented by the government of the People's Republic of China. The social credit system is a broad governance strategy to track businesses, individuals, and government institutions and enhance their perceived trustworthiness rather than a single system. It is based on varyi
Trading basicsSovereign funds of China
Sovereign funds of China are mechanisms through which the Chinese state acts as a market participant with the goals of supporting key domestic economic sectors, advancing strategic interests internationally, and diversifying its foreign exchange reserves.
FinanceStock market
A stock market, equity market, or share market is the aggregation of buyers and sellers of stocks (also called as shares), which represent ownership claims on businesses; these may include securities listed on a public stock exchange as well as stock that is only traded privately, such as shares of private companies that are sold to investors through equity crowdfunding platforms. Invest
FinanceTax-Sharing Reform of China in 1994
The Chinese government initiated a fiscal and taxation system reform in 1992, prepared and promulgated in 1993, and finally implemented in 1994. The reform was a large-scale adjustment of the tax distribution system and tax structure between the central and local governments, which was regarded as a milestone in the transition of China's fiscal system from planned economy to market econo
FinanceYeltsin–Gaidar government reforms
The Yeltsin–Gaidar government reforms (Russian: Реформы правительства Ельцина — Гайдара), known also as the Gaidar reforms are the changes in the economy of Russia and public administration system carried out by the Cabinet of Boris Yeltsin and Yegor Gaidar from January 2 to December 15, 1992.
BankingYou Can't Take It with You (film)
You Can't Take It with You is a 1938 American screwball romantic comedy film directed by Frank Capra, and starring Jean Arthur, Lionel Barrymore, James Stewart, and Edward Arnold. Adapted by Robert Riskin from the Pulitzer Prize-winning 1936 play of the same name by George S. Kaufman and Moss Hart, the film is about a man from a family of rich snobs who becomes engaged to a woman from a