Devolving power

SUBRATA LAMSAL

In the 1990s, the power sector in most of the developing countries sought to liberalise its market, one of the major reasons being the lending policies of international financial institutions like the World Bank and the International Monetary Fund that internalised the idea of market liberalisation. Nepal being no exception adopted the Hydropower Development Policy (HDP) and Electricity Act (EA) in 1992 to ease this process of liberalisation.

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What is Bitcoin?

What is Bitcoin?

Bitcoin emerged in 2008 and was initially developed as a peer-to-peer electronic cash system. Bitcoin can be understood as a value store, meaning that a Bitcoin (or part of a Bitcoin) represents some amount of value. Another way to think of Bitcoin is as a virtual “currency” and payment system. Bitcoin is transferred from one person to another in a transaction, and the value is determined by what someone is willing to pay for it. Read more

Top Smartphones Under Rs 15,000

Top Smartphones Under Rs 15,000

The most frequent question we encounter as a gadget geek is which phone you should buy. Obviously, we’re not just going to recommend the flagships models which are in fact the best smartphone you will get. So, we have narrowed down the guide by price category, starting with entry level handsets and going all the way to the very finest devices available in stores. In this article, we’ve listed down the five top Smartphones under Rs. 15,000 that are currently available in the Nepalese market: Read more

Transformations to Open Market Operations

[I think this article clarifies that what is open market operations. So,  I would like to publish this most important article about Transformations to Open Market Operations written by Stephen H. Axilrod in 1997. – Chandra S. Stha]

Stephen H. Axilrod©1997 International Monetary Fund

Preface
The Economic Issues series was inaugurated in September 1996. Its aim is to make accessible to a broad readership of nonspecialists some of the economic research being produced in the International Monetary Fund on topical issues. The raw material of the series is drawn mainly from IMF Working Papers, technical papers produced by Fund staff members and visiting scholars, as well as from policy-related research papers. This material is refined for the general readership by editing and partial redrafting.

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