Institutional units within the monetary sector, which is also called the banking or financial system, are divided into two main groups: monetary authorities – a central (state, national) bank that issues the national currency, stores state gold and foreign exchange reserves and manages the entire monetary sector of the economy; commercial banks that attract depositors’ […]
Tag: Center
MODEL OF SOCIO-ECONOMIC DEVELOPMENT OF GERMANY
The economic system of modern Germany is a social market economy, which began to be created in the country immediately after the end of the Second World War. There were certain prerequisites for this, back in the thirties in Germany, the Freiburg School was created, headed by Walter Eucken and Franz Böhme. They came to […]
ECONOMIC AND GEOGRAPHICAL CHARACTERISTICS AND NATIONAL SPECIFICS OF THE COUNTRY
Japan is an island nation located in East Asia. The geographical position of Japan is characterized by a significant elongation from the north-east to the south-west by 3.5 thousand km, which led to a variety of natural conditions. The island of Hokkaido is located in a moderately cold climatic zone, the island of Honshu […]