Economy

View All

Economic Growth, Development, and Poverty

The concepts of economic growth and development entail significant distinctions in meaning within economic theory. Economic growth refers to the increase in the monetary expression of all goods and services produced in a country during a specific period, while development encompasses a broader scope, including not only economic growth but also social improvement, equity in income distribution, and the enhancement of living standards.

Annual Report 2022/2023 by BIS

When the Music Stops

Finance

View All

Financial Literacy: The Foundation of a Strong Future

Financial literacy refers to the ability of individuals to understand, evaluate, and make effective decisions about personal and universal financial matters. In today’s world, financial literacy has become an essential part of everyone’s life.

Digitalisation in Financial Sector

Banking

View All

Banking in Germany: What is MaRisk (Minimum Anforderungen an das Risikomanagement – The Minimum Requirements for Risk Management)

The Minimum Requirements for Risk Management (MaRisk) serves as a cornerstone of Germany’s financial regulatory framework, guiding institutions in managing operational, credit, market, and sustainability risks. This article delves into the origins, core principles, evolution, and key amendments of MaRisk, highlighting its role in fostering financial stability and adapting to new challenges like ESG risks and digitalization.

Wero AB and Digital Payment Systems in Europe

Cooperative Banking in Germany: A Comprehensive Overview