Debit Note and Credit Note

 Debit and credit notes are an important part of today’s business culture as corporations have grown large and so have their sales and purchases. Accounts payable management and accounts receivable management include dealing with credit and debit notes on a daily basis. Therefore, knowing the difference between a debit note and a credit note is important.

URR-725

The Uniform Rules for Bank-to-Bank Reimbursements under Documentary Credits (URR-725)

(Effective date: 01 October 2008)

URR 725 - Article 1 

Jim Yong Kim Success Story: World Bank President

Jim Yong Kim is a major success story; he came from humble beginnings to become the president of the World Bank and has achieved many other major personal accomplishments.

Financial Crisis Asia 1997

 The East Asian crisis was fundamentally a currency crisis. A lot of companies in East Asia, especially financial institutions, had borrowed significant amounts of money from foreign banks denominated in foreign currency. When Thailand's currency, the baht, was devalued significantly, (Thailand's central bank had pegged the value of its currency to the US dollar, and it did not have enough reserves to support its value any longer) this precipitated a contagion where other currencies in the area started dramatically falling in value. The decrease in the value of these currencies made the loans borrowed by these financial institutions from foreign banks unserviceable because these loans were denominated in foreign currency and were thus much more expensive. This had a wide range of effects, perhaps the most devastating one being the collapse of the equities market; the stock markets in the East Asia region had lost as much as 2/3 of their value. The economic implications of this are profound. I'd try to give a more comprehensive search on the web, I'm not very familiar with this crisis

Greece Financial & Debt Crisis: Details, Causes & Lessons

Greece is the birthplace of Western civilization, modern democracy, the Olympic Games, new ideas in science / art / philosophy and also the birthplace of Alexander the Great. About 2,500 years ago, the Greeks created a way of life that other people admired and copied.