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South Asian Association for Regional Cooperation (SAARC) was established on December 8, 1885, with seven founding members: Bangladesh, Bhutan, […]

Regional Economic Cooperation (REC) Concept

Regional Economic Cooperation (REC) is a form of economic cooperation where the countries in a specific geographical area form a

Effects of Fixed Exchange Rate Between Indian Rupee and Nepali Rupee Nepal has maintained the fixed exchange rate between NPR

Nepal’s foreign exchange rate system has evolved, reflecting the country’s trade needs and economic structure. Initially, Nepal followed a fixed

What is Mint Parity Theory of Exchange Rate System? There are various theories for the determination of the exchange rate

Managerial Economics is the economics for managers, which helps managers to make rational business decisions using economic theories and tools

The BoP Theory of Exchange Rate Determination is a modern theory for exchange rate determination. BoP Deficit = appreciation of

According to this theory, the exchange rate between the currencies of any two countries is calculated by comparing their purchasing

It is also called Factor Proportions Theory, or Heckscher–Ohlin Theory. It was developed by Swedish economists Eli Heckscher and Bertil

Elasticity Approach to BoP (Price Effect or Micro Effect) Devaluation & Revaluation – by policy adjustment by the government Depreciation