Saturday, May 7, 2016
The fall in notional amounts was accompanied by a sharp drop in the gross market value of outstanding derivatives contracts, which provides a more meaningful measure of amounts at risk. Gross market values decreased by 6% between end-June 2015 and end-December 2015, from $15.5 trillion to $14.5 trillion, their lowest level since 2007... BIS
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Οικονομική Επικαιρότητα
The net administrative budget for FY2017, which covers all administrative expenses net of receipts (primarily from external sources to help support capacity building activities and excluding lending income), has been set at US$1.072 billion ..IMF
May 6, 2016 Press Release No. 16/202
IMF Executive Board Approves FY2017–FY2019 Medium-Term Budget
On April 20, 2016, the Executive Board of the International Monetary Fund (IMF) approved the IMF’s administrative and capital budgets for financial year (FY) 2017, beginning May 1, 2016, and took note of indicative budgets for FY2018–19.
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Economy
Friday, May 6, 2016
Considering its close economic ties to the euro area, why didn’t Switzerland ever seriously contemplate joining the single currency? Politically and legally speaking, the answer is simple: a country can only join the Eurosystem if it is already an EU member state. Swiss voters and cantons rejected accession to the European Economic Area in a referendum in 1992, and in 2001 followed this up by voting against a popular initiative favouring a “Yes to Europe”. These decisions settled the question of whether Switzerland should join the EU for the foreseeable future...
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Economy
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