What Caused the Financial Crisis of 2008? The 2007-2008 financial crisis began in the United States and was caused by deregulations in many aspects of the world of finance. The deregulations allowed banks to engage in hedge fund trading with derivatives. The derivatives were profitable prompting banks to demand more...

　　The official legal tender used in the Republic of Cape Verde is the Cape Verdean Escudo which is divided into 100 centavos. The currency symbol for the Escudo is Esc while the currency code is CVE. Currently, 1 Cape Verdean Escudo = 0.010277 USD. 　　History of the Cape Verdean Escudo...

　　As of 2015, there were 11 currencies in use within the European Union. The Euro is the principal currency of the Eurozone. All Eurozone states are required to adopt the Euro as their primary currency except for Denmark and United Kingdom. The two countries legally opted out of the EU...

　　The Economy Of Germany Germany has one of the most competitive and richest economies in Europe and the world. It is home to one of the richest metropolitan areas on the continent as well. This country is one of the biggest global exporters and in 2016, reported the largest positive...

　　How is a Competitive Economy Measured? A competitive economy, also known as a competitive market, is one in which several large economies are in competition with each other to meet consumer demand. Competitive economies can be found all over the world and are measured by the Global Competitiveness Report, which...

　　A country’s economy is composed of several sectors including, industry, agriculture, and the service sector. Although the service sector accounts for 70% of the global economy, some countries are reliant on the industrial output which accounts for 30.2% of the world economy. The industry is the economic sector that is...

　　The agricultural sector is the segment of an economy involved in the cultivation of plants and the rearing of livestock and fish for economic and domestic consumption purposes. The agricultural sector is arguably the most important segment of the economy as it is vital for human existence through the production...

　　The service industry is the economic sector, which deals with the provision of intangible services as opposed to tangible goods and commodities. The industry deals with professional services such as banking, insurance, transport, communication, engineering, defense, justice, medicine, education, hospitality, entertainment among others. Service industries mainly either rely on the...

　　A cryptocurrency is a virtual or digital currency which uses complex algorithms to make it possible to conduct secure digital transactions. The common characteristics in all cryptocurrencies are the use of cryptography for security and their decentralized control system so that there is no single centralized authority to issue the...

　　The economy of Germany is the largest in Europe and the 4th largest in terms of Gross Domestic Product (GDP) in the world. Its Gross Domestic Product (GDP) by the Purchasing Power Parity (PPP) measured in 2016 was $4.0 trillion. This has led to Germany being ranked the fastest growing...

　　The history of banking in Italy dates back to the Renaissance period when wealthy families set up financial institutions locally and abroad. The towns of Florence, Siena, Venice, Genoa, and Lucca were the major financial centers during this period. The city of Florence flourished especially as a hub for banking...

　　GDP Per Capita measures the economic output of a country by accounting for its population. It is calculated by dividing the gross domestic product by the population of that country. GDP per capita is the best measurement for the standard of living in a country indicating how prosperous the citizens...

　　The Economy of Russia Russia gained independence in 1991, and as a post-Soviet country has been working to strengthen its economy ever since. Between 1999 and 2008, the economy of Russia grew at a relatively rapidly rate, giving the country an emerging market status. After the economic crisis of 2008,...