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Rift Royale is a battle royale game developed by Easy.gg, the developers behind BedWars and Islands. The game was inspired by Fortnite Battle Royale, and was an attempt to create an "awesome competitive game" within the Roblox platforms limitations. In August 2022, the game was shut down following a mass wave of exploiters rendering the game ...
Capital controls were an integral part of the Bretton Woods system which emerged after World War II and lasted until the early 1970s. This period was the first time capital controls had been endorsed by mainstream economics. Capital controls were relatively easy to impose, in part because international capital markets were less active in ...
One was a U-turn on the eurozone's bailout policy that led to the creation of a specific fund to assist eurozone states in trouble. The European Financial Stability Facility (EFSF) and the European Financial Stability Mechanism (EFSM) were created in 2010 to provide, alongside the International Monetary Fund (IMF), a system and fund to bail out ...
Option (b): An independent monetary policy and free capital flows (but not a stable exchange rate). Option (c): A stable exchange rate and independent monetary policy (but no free capital flows, which would require the use of capital controls). Currently, Eurozone members have chosen the first option (a) after the introduction of the euro.
There has been substantial criticism over the austerity measures implemented by most European nations to counter this debt crisis. US economist and Nobel laureate Paul Krugman argues that an abrupt return to "'non-Keynesian' financial policies" is not a viable solution [18] Pointing at historical evidence, he predicts that deflationary policies now being imposed on countries such as Greece and ...
Prudential capital controls are typical ways of prudential regulation that takes the form of capital controls and regulates a country's capital account inflows. Prudential capital controls aim to mitigate systemic risk , reduce business cycle volatility, increase macroeconomic stability, and enhance social welfare .
Spread of interest rates in Eurozone countries. The euro area crisis, often also referred to as the eurozone crisis or the European sovereign debt crisis, was a multi-year debt crisis that took place in the European Union (EU) from 2009 until the mid to late 2010s.
CAR (Capital Adequacy Ratio, aka Capital-to-Risk Weighted Assets Ratio or CRAR): the ratio of a bank's capital to its risk. CDO (Collateralized debt obligation): type of structured asset-backed security (see ABS) with multiple tranches , issued by special purpose entities and collateralized by debt obligations, including bonds and/or loans .