Questions tagged [finance]

The process of analyzing and acquiring funds for the purchase of other assets given the performance of those assets based, their risk profile, the investors investment requirements, macroeconomic conditions, and investment (interest rate) risk.

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34 votes
3 answers
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What does the West have to gain by not allowing Russia to pay its debt?

https://www.youtube.com/watch?v=k8PXkkNJ2_o Bloomberg reports that the default is largely symbolic and Russia is simply defaulting since Western financial institutions won't accept Russia payments. Is ...
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2 votes
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What fraction of DAVOS participants are billionaires (and not corporations or political leaders) and who decides which ones can go?

The Late Show with Stephen Colbert's May 21, 2022 Crypto Celebs Silent As Market Melts Down | Billionaires Get Ready To Trip At Davos cites Business Insider's August 27, 2020 (updated) Davos 2021 is ...
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9 votes
2 answers
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Who is in control of SWIFT sanctions?

After the Russian Federation invaded Ukraine in 2022, several Russian banks were banned from using SWIFT. According to Wikipedia, the Society for Worldwide Interbank Financial Telecommunication (...
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9 votes
1 answer
193 views

Are Goldman and JPMorgan breaking the rules of current sanctions by buying Russia's cheap corporate debt?

I just saw in Bloomberg https://www.bloomberg.com/news/articles/2022-03-03/wall-street-is-already-pouncing-on-russia-s-cheap-corporate-debt that Goldman Sachs Group Inc. and JPMorgan Chase & Co. ...
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30 votes
3 answers
8k views

How does Dubai get its money?

I have seen many claims that Dubai has no income tax. Yet, since the Government of Dubai clearly does spend lots of money, how does money flow to the Government of Dubai?
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4 votes
2 answers
227 views

What kind of sensitive data would a China ride-hailing company leak or disclose?

From a December 2021 media report ... Chinese ride-hail giant DiDi said it will delist from the New York Stock Exchange, following a Chinese government crackdown on foreign listings... Backstory: ...
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1 vote
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Why didn't the United States and other developed countries criticize the Cayman Islands for allowing tax evasion?

Though the Cayman Islands is involved in no major international disputes, they have come under some criticism due to the use of their territory for narcotics trafficking and money laundering. In an ...
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-1 votes
1 answer
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What are the advantages of a nation allowing one of its states to default on its debt?

Some Federations like the U.S.A. do not permit one of their states to file for bankruptcy. My question is why do some countries allow for one of their states to default on its debt, and what might be ...
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11 votes
1 answer
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Why do some African countries use the CFA franc if it means that they need to pay France money to be able to print money for their economies?

Why do some African countries use the CFA franc if it means that they need to pay France money to be able to print money for their economies? Strictly speaking, the CFA franc is the name given to two ...
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1 vote
2 answers
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Why doesn't the U.S. ban or regulate cryptocurrency to stop it being used by other countries to evade U.S. sanctions?

Why doesn't the U.S. outlaw or strictly regulate cryptocurrency to prevent it from being used by other countries to evade U.S. sanctions? Is there a rationale behind this? Is there a concern about the ...
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37 votes
3 answers
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Why are US student loans nearly impossible to remove via bankruptcy?

In the United States it is very hard to get rid of student loans. They cannot be discharged in bankruptcy except for under extenuating circumstances. I find that bizarre given how people are ...
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1 vote
1 answer
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Why was President Troare of Mali 'furious' at the arrest of the Ivoirian Minister of Planning for embezzling funds?

In 1984, Thomas Sankara, a military officer, revolutionary activist and President of Burkina Faso, was elected as the President of CEAO, the Economic Community of West Africa. Under his administration ...
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10 votes
2 answers
645 views

To what extent are financial services in this last Brexit deal (trade agreement)?

I've read two somewhat conflicting accounts from the BBC on this. On one hand: [Boris Johnson] acknowledged he had been forced to give ground on his demands on fishing. "The EU began with I ...
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5 votes
0 answers
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Channel Islands Equivalence in Financial Services

The Channel Islands are not 'in' the EU Single Market, but have a close relationship with it; this is particularly true in Financial Services, where they have a wide-ranging Equivalence agreement. ...
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2 votes
1 answer
606 views

How many financial centres are to be created in the EU?

In the The Financial Times article UBS chairman Axel Weber assesed that the division of Europe is a massive benefit to the City of London because if Europe were united the impact ... of Brexit would ...
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12 votes
2 answers
428 views

Why is active income taxed more than passive income?

In the United States, ordinary wage income is taxed at a much higher rate than capital gains. It changes from year to year but in general the maximum bracket is 35% vs 25%. This is counter intuitive ...
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8 votes
2 answers
601 views

How does the United Nations get information on North Korea's economy?

I have read from a Bloomberg article that the North Korea economy has expanded by 1.8% according to the United Nations. However, I know the North Korean government is secretive with information about ...
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2 votes
2 answers
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How much of North Korea's economy is supported by the black market?

I read from a news article that North Korea is generally supported by a black market that the government generally accepts . What percent of the economy is supported by this black market and how much ...
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30 votes
10 answers
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Do any countries have a pensions system funded entirely by past contributions, rather than current taxes?

The pensions systems that I'm familiar with usually work as following: Workers pay a tax on their salaries The government uses that money to fund the pensions of current retirees When the current ...
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-2 votes
1 answer
338 views

What will the consequences of Brexit be on EURONEXT?

I know that this question doesn't make sense because "Brexit" is juridically a fuzzy concept. But I've heard that Euronext (which is related to financial products of France, Netherland,...) was ...
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26 votes
4 answers
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How does the credit rating of a country affect its populace?

I am coming from a UK perspective; we lost our AAA credit rating in 2013, and dropped again in 2017 after the referendum on European Union membership. It was reported last week that we are set to be ...
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5 votes
3 answers
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What if any are the impacts of negative interest rates on the life of an average citizen in a first world country?

https://www.cnbc.com/2019/09/04/alan-greenspan-says-its-only-a-matter-of-time-before-negative-rates-spread-to-the-us.html This is of course both a political and a financial question. But I am really ...
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