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Group Of Ten (IMF)
The Group of Ten (G-10 or G10) refers to the group of countries that agreed to participate in the General Arrangements to Borrow (GAB), an agreement to provide the International Monetary Fund (IMF) with additional funds to increase its lending ability. History The GAB was established in 1962, when the governments of eight International Monetary Fund (IMF) members—Belgium, Canada, France, Italy, Japan, the Netherlands, the United Kingdom, and the United States—and the central banks of two others, Germany and Sweden, agreed to make resources available to the IMF with an additional $6 billion of their resources. The additional money was intended to allow the IMF to have increased lending resources. In 1964, the funds were used by the IMF to rescue the pound sterling. The G-10 grew in 1964 by the association of the eleventh member, Switzerland, then not a member of the IMF, but the name of the group remained the same. Activities The GAB enables the IMF to borrow specified am ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Monetary Fund
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 191 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of last resort to national governments, and a leading supporter of exchange-rate economic stability, stability. Its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and poverty reduction, reduce poverty around the world." Established in July 1944 at the Bretton Woods Conference, primarily according to the ideas of Harry Dexter White and John Maynard Keynes, it started with 29 member countries and the goal of reconstructing the international monetary systems, international monetary system after World War II. In its early years, the IMF primarily focused on facilitating fixed exchange rates across the developed worl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank For International Settlements
The Bank for International Settlements (BIS) is an international financial institution which is owned by member central banks. Its primary goal is to foster international monetary and financial cooperation while serving as a bank for central banks. With its establishment in 1930 it is the oldest international financial institution. Its initial purpose was to oversee the settlement of World War I war reparations. The BIS carries out its work through its meetings, programmes and through the Basel Process, hosting international groups pursuing global financial stability and facilitating their interaction. It also provides banking services, but only to central banks and other international organizations. The BIS is based in Basel, Switzerland, with representative offices in Hong Kong and Mexico City. History Background International monetary cooperation started to develop tentatively in the course of the 19th century. An early case was a £400,000 loan in gold coins, in 1825 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Intergovernmental Organizations
An international organization, also known as an intergovernmental organization or an international institution, is an organization that is established by a treaty or other type of instrument governed by international law and possesses its own legal personality, such as the United Nations, the Council of Europe, African Union, Mercosur and BRICS. International organizations are composed of primarily member states, but may also include other entities, such as other international organizations, firms, and nongovernmental organizations. Additionally, entities (including states) may hold observer status. Examples for international organizations include: UN General Assembly, World Trade Organization, African Development Bank, UN Economic and Social Council, UN Security Council, Asian Development Bank, International Bank for Reconstruction and Development, International Monetary Fund, International Finance Corporation, Inter-American Development Bank, United Nations Environment Programme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Country Classifications
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of resources. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. However ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Finance Institutions
An international financial institution (IFI) is a financial institution that has been established (or chartered) by more than one country, and hence is subject to international law. Its owners or shareholders are generally national governments, although other international institutions and other organizations occasionally figure as shareholders. The most prominent IFIs are creations of multiple nations, although some bilateral financial institutions (created by two countries) exist and are technically IFIs. The best known IFIs were established after World War II to assist in the reconstruction of Europe and provide mechanisms for international cooperation in managing the global financial system. Types Multilateral Development Banks A Multilateral Development Bank (MDB) is a development bank, created by a group of countries, that provides financing, technical assistance and professional advice to enhance development. An MDB has many members, including developed donor countries and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Development
International development or global development is a broad concept denoting the idea that societies and countries have differing levels of economic development, economic or human development (economics), human development on an international scale. It is the basis for international classifications such as developed country, developing country and least developed country, and for a field of practice and research that in various ways engages with international development processes. There are, however, many schools of thought and conventions regarding which are the exact features constituting the "development" of a country. Historically, development was largely synonymous with economic development, and especially its convenient but flawed quantification (see parable of the broken window) through readily gathered (for developed countries) or estimated monetary proxies (estimated for severely undeveloped or isolationism, isolationist countries) such as gross domestic product (GDP), o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
G10 Currencies
The G10 currencies are ten of the most heavily traded currencies in the world, which are also ten of the world's most liquid currencies. Traders regularly buy and sell them in an open market with minimal impact on their own international exchange rates. The origin of the term G10 currencies is not clear, however it may be derived from the G10 countries and their agreement to participate in the IMF General Arrangements to Borrow (GAB). There is no longer a one-to-one match between the G10 currencies and the G10 countries. The G10 currencies are: * Australian dollar (AUD) * Canadian dollar (CAD) * Euro (EUR) * Japanese yen (JPY) * New Zealand dollar (NZD) * Norwegian krone (NOK) * Pound sterling (GBP) * Swedish krona (SEK) * Swiss franc (CHF) * United States dollar (USD) In some banking circles, reference is made to the G11 currencies, which are the G10 currencies plus the Danish krone The krone (; plural: ''kroner''; sign: kr.; code: DKK) is the official currency of Den ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Group Of Twelve
The Group of Twelve or G12 is a group of industrially advanced countries whose central banks co-operate to regulate international finance. Note that the G-12 consists of thirteen countries. It encompasses the initial ten members of the International Monetary Fund (IMF), which formed the original G10, adding Australia and Spain. In 1984, when Switzerland joined the G10 and G12, the names of the groups were not changed. Members The current G12 member states are: # # # # # # # # # # # # # See also * Group of Three (G3) * Group of Four (G4) * Group of Six (G6) * Group of Seven The Group of Seven (G7) is an Intergovernmentalism, intergovernmental political and economic forum consisting of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States; additionally, the European Union (EU) is a "non- ... (G7) * Group of Ten (G10) * G10 currencies * Special drawing rights References International Monetary Fund International de ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
G6 (EU)
The G6 (Group of Six) in the European Union was an unofficial group of the interior ministers of the six European states —France, Germany, Italy, Poland, Spain, and the United Kingdom (no longer as an aftermath of Brexit)—with the largest populations and thus with the majority of voting in the Council of the European Union, votes in the Council of the European Union. The G6 was established in 2003 as G5 to deal with immigration, terrorism, and enforce rule of law, law and order. In 2006, Poland joined the group, making it the G6. On 29 March 2017, the United Kingdom triggered Article 50, and left the European Union entirely on 31 January 2020, ending the G6, and beginning the G5 without the United Kingdom. Under the three pillars of the European Union, third pillar of the EU, Police and Judicial Co-operation in Criminal Matters, powers are largely Intergovernmental organization, intergovernmental; this is the one EU policy area where there is no European Commission, Co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Big Four (Western Europe)
The Big Four, also known as G4, refers to France, Germany, Italy and the United Kingdom. France and the United Kingdom are official nuclear-weapon states and are permanent members of the United Nations Security Council with the power of veto, which enables any one of them to prevent the adoption of any "substantive" draft Council resolution, regardless of its level of international support. The United Kingdom is the only country of the Big Four which is not a member state of the European Union, having ended its membership in 2020, pursuant to a referendum held in 2016. France, Germany, Italy and the United Kingdom are considered major European powers and they are the Western European countries individually represented as full members of the G7 and the G20. They have been referred to as the "Big Four of Europe" since the interwar period. The term G4 was used for the first time when French President Nicolas Sarkozy called for a meeting in Paris with Italian Prime Minister ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
EU Three
The EU three, also known as the EU big three, EU triumvirate, EU trio or simply E3, refers to France, Germany, and Italy; the three large founding members of the European Union (EU). These countries are generally regarded as the three most politically and economically influential EU member states, with the largest populations, highest military expenditures, and largest economies by nominal GDP, collectively accounting for over half of the EU's economic output. Before Brexit, the term was also used to refer to the grouping of France, Germany, and the United Kingdom, especially during the negotiations with Iran from 2003. EU-3 (EU founding states) Activities Germany, France and Italy were part of the original Inner Six founders of the EU along with Benelux nations. Negotiations for greater integration in the EU Determined to keep the European project intact in the wake of the UK's vote to leave the European Union in 2016, France, Germany and Italy called for greater integra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oxford University Press
Oxford University Press (OUP) is the publishing house of the University of Oxford. It is the largest university press in the world. Its first book was printed in Oxford in 1478, with the Press officially granted the legal right to print books by decree in 1586. It is the second-oldest university press after Cambridge University Press, which was founded in 1534. It is a department of the University of Oxford. It is governed by a group of 15 academics, the Delegates of the Press, appointed by the Vice Chancellor, vice-chancellor of the University of Oxford. The Delegates of the Press are led by the Secretary to the Delegates, who serves as OUP's chief executive and as its major representative on other university bodies. Oxford University Press has had a similar governance structure since the 17th century. The press is located on Walton Street, Oxford, Walton Street, Oxford, opposite Somerville College, Oxford, Somerville College, in the inner suburb of Jericho, Oxford, Jericho. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
