Warren Buffet once said “You never know who’s swimming naked until the tide goes out”. The dry humour quip applies very well to the personal finances of Italians that have just realized they have been dipping naked. After all, the “financial literacy rate” in our country is one of the lowest in Europe: as a […]
Money has been part of the human history for a long time, at least 000 years. But what do people use as money? Why does money need to be a trustworthy store of value, an easy medium of exchange and an efficient unit of account in order to be used? In contemporary national economies, governments and central banks are […]
It has been a tough year for emerging economies. Lately, China has been hit by a huge stock market storm, experiencing a loss of 40% since peaking in June (the largest drop since 2008). Questions about its economic health have been raised, given the government reaction with panicked interventions. This was a terrible year for […]
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