Does the Crisis mean a failure of the “free market”?

Many experts and economists say, that the financial crisis proved that the “free market” is not so efficient as everyone thought and that there should be more regulations to ensure stability of the economy. They say the market can’t be left alone and that the 2008 crisis means a “failure” of the market. You have [...]

What is interest rate and how is the loan installment calculated

Continuing my last post, here I’d like to present you some basic information about the mechanism of calculating loan installments. I hope it will be helpful for people who did not have any experience with loans and want to get a loan in the near future. The interest rate is the main cost of borrowing. [...]