ECON 3430 Study Guide - Quiz Guide: Sergey Glazyev, Security Council Of Russia, Jeremy Corbyn
10 Feb 2017
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Reinventing banking: from russia to iceland to ecuador (article 6) Global developments in finance and geopolitics are prompting a rethinking of the structure of banking and of the nature of money itself. Germany: in ecuador, the central bank is responding to a shortage of us dollars (the official. Ecuadorian currency) by issuing digital dollars through accounts to which everyone has access, effectively making it a bank of the people. In a november 2015 article titled russia debates unorthodox orthodox financial. A significant debate is underway in russia since imposition of western financial sanctions on russian banks & corporations in 2014. It"s about a proposal presented by the moscow. The proposal, which resembles islamic interest-free banking models in many respects, was first unveiled in december 2014 at the depth of the. This august the idea received a huge boost from the endorsement of the russian chamber of commerce and industry.
