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Miguel Ángel Fernández Ordóñez
Miguel Ángel Fernández Ordóñez (born 3 April 1945) is a Spanish economist and politician, member of the Socialist Workers' Party and former Governor of the Bank of Spain. He is the younger brother of Francisco Fernández Ordóñez, also a Socialist politician, and he is married to Inés Alberdi. Early life and education Fernández Ordóñez was born in Madrid in 1945, he graduated in Law and Economic Science in the Complutense University of Madrid. He belongs to the Cuerpo de Técnicos Comerciales and State Economists. Career Fernández Ordóñez served as secretary of State for the Economy, secretary of State for Commerce and Executive director of the International Monetary Fund. In 1992 he was appointed president of the Court of Defense of the Competition. Between 1995 and 1999 he was president of the Commission of the National Electric System. Between 2004 and March 2006 he was secretary of state for Internal Revenue. On 10 March he was appointed Counsellor of the Bank o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Positive Money
Positive Money UK is a Not-for-Profit, not-for-profit advocacy group based in London and Brussels. Positive Money's mission is to promote various reforms of central banks and alternative monetary policy. Its current executive director is geophysicist Fran Boait. History Positive Money was founded in London by Ben Dyson in 2010 "Monnaie pleine : une opportunité en Suisse pour changer la monnaie" [The "Full money" federal popular initiative: an opportunity to change currency in Switzerland], ''La revue durable'', number 60, winter-spring 2017-2018, pages 26-29. as a response to the 2008 financial crisis. In its early years, Positive Money focused its efforts in advocating for a fundamental reform of the United Kingdom's monetary system. In 2013, Fran Boait became executive director of Positive money. Under Boait's leadership, the organisation somehow broadened its scope and diversified its range of proposals, by including more pragmatic steps such as digital currency, and v ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pedro Solbes
Pedro Solbes Mira (31 August 1942 – 18 March 2023) was a Spanish economist. He was the president of FRIDE, Madrid-based think tank. Life and career Solbes was born in Pinoso on 31 August 1942. While independent in the sense of not being affiliated to any party, his various ministerial roles in Spain were always within Socialist Workers' Party cabinets. From 1985 to 1991, he was third 3rd secretary of state for the European Communities. He was agriculture and fisheries minister (1991–1993) and finance minister (1993–1996) in Felipe González's cabinets, also MP representing Alicante for the same party until 1999. Appointed by Spanish premier José María Aznar (of the main competing party, the People's Party), Solbes was a European commissioner for economic and monetary affairs in the European Commission presided over by Romano Prodi (the Prodi Commission). Then Solbes served as second vice president and minister of economy and finance in the government of Jos ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1945 Births
1945 marked the end of World War II, the fall of Nazi Germany, and the Empire of Japan. It is also the year concentration camps were liberated and the only year in which atomic weapons have been used in combat. Events World War II will be abbreviated as “WWII” January * January 1 – WWII: ** Germany begins Operation Bodenplatte, an attempt by the ''Luftwaffe'' to cripple Allied air forces in the Low Countries. ** Chenogne massacre: German prisoners are allegedly killed by American forces near the village of Chenogne, Belgium. * January 6 – WWII: A German offensive recaptures Esztergom, Hungary from the Soviets. * January 9 – WWII: American and Australian troops land at Lingayen Gulf on western coast of the largest Philippine island of Luzon, occupied by Japan since 1942. * January 12 – WWII: The Soviet Union begins the Vistula–Oder Offensive in Eastern Europe, against the German Army. * January 13 – WWII: The Soviet Union begins the East Prussia ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deposit Insurance
Deposit insurance, deposit protection or deposit guarantee is a measure implemented in many countries to protect bank depositors, in full or in part, from losses caused by a bank's inability to pay its debts when due. Deposit insurance or deposit guarantee systems are one component of a financial system safety net that promotes financial stability. Process Banks are allowed (and usually encouraged) to lend or invest most of the money deposited with them instead of safe-keeping the full amounts (see fractional-reserve banking). If many of a bank's borrowers fail to repay their loans when due, the bank's creditors, including its depositors, risk loss. Because they rely on customer deposits that can be withdrawn on little or no notice, banks in financial trouble are prone to bank runs, where depositors seek to withdraw funds quickly ahead of a possible bank insolvency. Because banking institution failures have the potential to trigger a broad spectrum of harmful events, including ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Bank Digital Currency
A central bank digital currency (CBDC; also called digital fiat currency or digital base money) is a digital currency issued by a central bank, rather than by a commercial bank. It is also a liability of the central bank, unless it is dividend-yielding, then it is an ownership stake in the central bank, and is a new form of legal tender, unlike cash like retail CBDC which is the digitization of sovereign currency, which applies to physical banknotes, coin, and existing wholesale CBDC reserves that are used in the reverse repo and repo market. The two primary categories of CBDCs are retail and wholesale. Retail CBDCs are designed for households and businesses to make payments for everyday transactions, whereas wholesale CBDCs are designed for financial institutions and operate similarly to central bank reserves. Retail CBDCs can be distributed through various models. In the intermediated model, the central bank issues the CBDC and manages core infrastructures, while financial ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Herald Tribune
The ''International Herald Tribune'' (''IHT'') was a daily English-language newspaper published in Paris, France, for international English-speaking readers. It published under the name ''International Herald Tribune'' starting in 1967, but its origins as an international newspaper trace back to 1887. Sold in over 160 countries, the ''International Herald Tribune'' produced a large amount of content until it became the second incarnation of ''The International New York Times'' in 2013, 10 years after The New York Times Company became its sole owner. Early years In 1887, James Gordon Bennett Jr. created a Paris edition of his newspaper the '' New York Herald'' with offices at 49, avenue de l'Opéra. He called it the ''Paris Herald''. When Bennett Jr. died, the Herald and its Paris edition came under the control of Frank Munsey. In 1924, Munsey sold the paper to the family of Ogden Reid, owners of the '' New-York Tribune'', creating the '' New York Herald Tribune'', while t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Governing Council Of The European Central Bank
The European Central Bank (ECB) is the central component of the Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's most important central banks with a balance sheet total of around 7 trillion. The ECB Governing Council makes monetary policy for the Eurozone and the European Union, administers the foreign exchange reserves of EU member states, engages in foreign exchange operations, and defines the intermediate monetary objectives and key interest rate of the EU. The ECB Executive Board enforces the policies and decisions of the Governing Council, and may direct the national central banks when doing so. The ECB has the exclusive right to authorise the issuance of euro banknotes. Member states can issue euro coins, but the volume must be approved by the ECB beforehand. The bank also operates the T2 (RTGS) payments system. The ECB was established by the Treaty of Amsterdam in May 19 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bloomberg Business
''Bloomberg Businessweek'', previously known as ''BusinessWeek'' (and before that ''Business Week'' and ''The Business Week''), is an American monthly business magazine published 12 times a year. The magazine debuted in New York City in September 1929. Since 2009, the magazine has been owned by Bloomberg L.P. and became a monthly in June 2024. History 1929–2008: ''Businessweek'' ''The Business Week'' was first published based in New York City in September 1929, weeks before the stock market crash. The magazine provided information and opinions on what was happening in the business world at the time. Early sections of the magazine included marketing, labor, finance, management and Washington Outlook, which made it one of the first publications to cover national political issues that directly impacted the business world. The name of the magazine was shortened to ''Business Week'' in 1934. Originally published as a resource for business managers, the magazine shifted its str ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Politico Europe
''Politico Europe'' (stylized as ''POLITICO Europe'') is the European edition of the American news organization '' Politico'' reporting on political affairs of the European Union. Its headquarters are located in Brussels with additional offices in London, Berlin, Warsaw, Paris, and Frankfurt. In September 2014, ''Politico'' formed a joint venture with German publisher Axel Springer SE to launch its European edition. In December 2014, the joint venture announced its acquisition of ''Development Institute International'', a leading French conference business, and ''European Voice'', a European political newspaper previously part of the Economist Group, to be relaunched under the ''Politico'' brand. Among the participants of the launch event on April 21, 2015, was President of the European Council Donald Tusk and President of the European Parliament Martin Schulz. ''Politico Europe'' debuted with its first print issue two days later, on April 23, 2015. The main sources of revenu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New York Times
''The New York Times'' (''NYT'') is an American daily newspaper based in New York City. ''The New York Times'' covers domestic, national, and international news, and publishes opinion pieces, investigative reports, and reviews. As one of the longest-running newspapers in the United States, the ''Times'' serves as one of the country's Newspaper of record, newspapers of record. , ''The New York Times'' had 9.13 million total and 8.83 million online subscribers, both by significant margins the List of newspapers in the United States, highest numbers for any newspaper in the United States; the total also included 296,330 print subscribers, making the ''Times'' the second-largest newspaper by print circulation in the United States, following ''The Wall Street Journal'', also based in New York City. ''The New York Times'' is published by the New York Times Company; since 1896, the company has been chaired by the Ochs-Sulzberger family, whose current chairman and the paper's publ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reuters
Reuters ( ) is a news agency owned by Thomson Reuters. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide writing in 16 languages. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by Paul Reuter. The Thomson Corporation of Canada acquired the agency in a 2008 corporate merger, resulting in the formation of the Thomson Reuters Corporation. In December 2024, Reuters was ranked as the 27th most visited news site in the world, with over 105 million monthly readers. History 19th century Paul Julius Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions of 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
