The most comprehensive educational resources for finance

What the Trans-Pacific Partnership (TPP) is all about?

The Trans-Pacific Partnership (TTP) is a huge new global trade deal agreed between 12 Pacific Rim nations including the US and Japan. It covers almost 40% of the global economy and is the biggest trade agreement in the past 20 years. The objective of the deal is to closely link the economies of these nations

The Eurozone’s Design Failures: Can they be corrected?

Below is the podcast of the lecture “The Eurozone’s Design Failures: can they be corrected?” by Professor Paul De Grauwe. In the podcast Prof. Paul talks about design failures in Eurozone, such as while the money is fully centralized while the monetary policies are organized at the national level. At the same time only one

Best Movies about Money and Finance

We compiled a list of some of the best movies related to finance, financial crisis, and stock markets. Client 9: Rise and Fall of Eliot Spitzer This documentary feature takes an in-depth look at the rapid rise and dramatic fall of New York Governor Eliot Spitzer. Nicknamed “The Sheriff of Wall Street,” when he was

Australian unemployment rate remains steady

Although it’s performing better than those of many other industrialised nations, the Australian economy has one or two weaknesses that threaten to undermine its relative progress. The unemployment rate in January had remained at a respectable 5.4%, with a net gain of 10,400 new jobs being recorded, while 65% of the population were deemed eligible

Deficit and Debt Ceiling Crisis

In this video, Sal Khan explains the basics of federal deficit and what debt ceiling is. It starts with the distinction between deficit and debt. After that it explains the concept of debt Ceiling. In the US, the congress has the pwer to limit how much cumulative debt the US can have. The current debt

European Crisis Explained

This animation video shows the conversation between two people discussing the European Crisis. It explains the crisis beautifully and provides a breakdown of the European debt situation, starting with Greece and consuming the entire continent.

Credit in Times of Stress: Lessons from Latin America

The 2007-09 global financial crisis disrupted the provision of credit in Latin America less than previous crises. This review from BIS identifies key initial macroeconomic conditions that contributed to the higher resilience of real credit in Latin America during this episode. These relate to economies’ capacity to withstand an external financial shock and the scope

Who Really Benefits from Quantitative Easing

Quantitative easing as we know it is a kind of monetary policy use by the central bank of a country to stimulate the economy when other conventional methods are not working. This involves the central bank buying financial assets from the commercial banks using the money it creates newly. This is different from the otherwise

A Comparison of Government Debt Around the World

Ever wondered how much debt the world’s governments owe to others. The interactive clock by Economist shows the global figure for almost all government debts in dollar terms. As every second passes by, someone is in more debt in the world. The clock shows gross government debt for the globe. Some notable figures: United States

Where the Mob Keeps Its Money

THE global financial crisis has been a blessing for organized crime. A series of recent scandals have exposed the connection between some of the biggest global banks and the seamy underworld of mobsters, smugglers, drug traffickers and arms dealers. American banks have profited from money laundering by Latin American drug cartels, while the European debt