A discussion on where the value of Bitcoin, the online currency, is discussed and the source of its value is evaluated. Also how Bitcoin's value will increase after being launched in Sydney's exchange.
This article talks about a future project called the Intrinsic Value Exchange (IVE). It's designed to use our natural assets to help the economy. Its a system that values our economic services rather than penalizing companies that ruin them. It takes on the opposite approach on the problems happening with negative externalities. Watch the video for more interesting info on this topic.
This article outlines the rising gasoline price in US in 2008 and speculation about how and whether Americans will change their behavior in the long run. The article compares the change in gas price in US to many other countries, and give the PED value of gasoline. So check it out!
This article outlines the rising gasoline price in US in 2008 and speculation about how and whether Americans will change their behavior in the long run. The article compares the change in gas price in US to many other countries, and give the PED value of gasoline. So check it out! (week 9)
This article discuss the value of the price elasticity of demand for the iPhone. If calculated according to the equation for price elasticity of demand, the iPhone would have a brand elasticity of 4.7, which means that Apple would lose almost 4.7 percent of iPhone sales for each corresponding 1 percent increase in price.
This article highlights a policy made by the central bank that aims to limit the amount of foreign currency that Nigerian banks are allowed to own foreign currency. Fears are that otherwise the Nigerian currency will depreciate, making the Nigerian economy more dependent upon foreign currencies.
In this article, Argentina is said to have devaluated their peso so much to preserve international reserves. In the process however, the country has had to experience other problems such as paying back foreign creditors, the decrease of bods, and the growth of the illegal black market.
This article discusses the high competition for foreign direct investment (FDI) in the European Union. While at one point the highest recipient of foreign investment, investment in the EU, as a percentage of world investment has fallen significantly. This still represents an increase in real value though.
This article shows that when currency exchange rates change, businesses must adapt quickly. Knowing how a weaker American dollar is likely to affect a business may save some critical mistakes. It also talks about the implications of a weak dollar.
This article discusses Venezuela's falling/devaluing currency, and how it tends to correlate with a lower standard of living. It also illustrates how, after the repeated devaluation of their currency, Venezuelans have opted to spend more of their money on goods. This gives them assets, or items that will not devalue with the currency.
The U.S. economy still seems to exceed over the rest of the world. However, American policy makers are now allowing certain other countries to reach for prosperity even at their expense. The rest of the article talks about how this and other changes in the economies are affecting the currency values of different countries.