Over the years, discussions have intermittently surfaced regarding the potential of SDRs to evolve into a global reserve currency, challenging the predominant status of national currencies.
Resulted in the establishment of two institutions, the International Bank for Reconstruction and Development (IBRD) and the International Monetary Fund (IMF), known as the Bretton Woods twins.
Institutions play a pivotal role in shaping the intricate framework of the global financial architecture, serving as the bedrock upon which economic stability and cooperation are built.
Global economic groups play a pivotal role in shaping the dynamics of the world economy, wielding influence over financial policies, trade agreements, and economic development initiatives on an international scale
The Global Financial Architecture (GFA) refers to the framework of institutions, regulations, and mechanisms that govern the global financial system
In the Kurukshetra battlefield, Duryodhana says – “Many brave fighters are willing to risk their lives for me, & I’m proud of them.” He felt confident as he had a…
In today’s daily current affairs briefing for UPSC aspirants, we explore the latest developments that hold relevance for the upcoming civil services
Daily Editorial Analysis
“The PMLA — a law that has lost its way” – UPSC Daily Editorial Analysis – 03rd April 2024
The Prevention of Money Laundering Act (PMLA) has undergone a transformation from its original intent, veering off course from its primary objective of combating illicit financial activities.
Understanding the recent trends of unemployment in India necessitates a comprehensive analysis of various facets, including urbanization, skill development, demographic shifts, policy interventions, and the impacts of technological advancement
The rise of gig workers and the gig economy marks a fundamental shift in the traditional employment landscape, redefining the way individuals
