Before the development of a medium of exchange, men and women would barter to acquire the goods and solutions they necessary. Financialisation is frequently presented as a recent phenomenon, alongside neo-liberalism and globalisation (for instance, Krippner (2005)), emerging soon after the collapse of the Bretton-Woods technique of fixed exchange prices in 1971. A broker, whether or not an individual or a firm, makes their money by arranging transactions among purchasers and sellers for a fee brokers facilitate the strategic action of these who own house. For example, the U.S. government will replace mutilated Federal Reserve notes (U.S. fiat money) if at least half of the physical note can be reconstructed, or if it can be otherwise proven to have been destroyed.
Apart from, Věra Jourová – as member of the Commission and responsible for the data protection reform, going to replace 28 national regimes by a single sturdy pan-European regime … READ MORE