Your browser does not support JavaScript.
Also known as M0, narrow money refers to physical money such as coins and currencies, demand deposits and other liquid assets that are readily available to central banks. Narrow money is a subset of wide money that includes long-term deposits and other deposit accounts. Alan Greenspan
September 25, 2022 Alan Greenspan is an American economist and former chairman of the Federal Reserve. Austerity
September 25, 2022 Austerity refers to a strict economic policy that the government introduces to control the growing public debt, driven by increased thrift. Basel I
September 25, 2022 Basel I, the first of the three Basel Accords, created a set of rules that banks must follow to mitigate risk. Ben Bernanke
September 25, 2022 Ben Bernanke - former chairman of the Federal Reserve from 2006 to 2014. Blended Rate
September 25, 2022 The compound rate is the interest rate charged on a loan, which is a combination of the previous rate and the new rate. Common Equity Tier 1 (CET1)
September 25, 2022 Tier 1 total capital covers liquid banking assets such as cash, shares, etc. Currency
September 25, 2022 Currency is a generally accepted form of payment, usually issued by a government and circulating within its jurisdiction. Demonetization
September 25, 2022 Demonetization is a radical intervention in the economy, which includes depriving the currency of the status of legal tender. Dove
September 25, 2022 Pigeons are believed to be more interested in stimulating job growth through low interest rates than in controlling inflation. Economic Stimulus
September 25, 2022 Economic stimulus refers to targeted fiscal and monetary policy aimed at obtaining an economic response from the private sector. Euro Interbank Offer Rate (Euribor)
September 25, 2022 Euribor is the interbank overnight rate, which consists of the average interest rates of a number of major European banks, which are used to lend to each other in euros. Expansionary Policy
September 25, 2022 Expansionary policies are aimed at stimulating the economy by increasing demand through monetary and fiscal stimulus. Expectations Theory
September 25, 2022 Expectancy theory predicts future short-term interest rates based on current long-term interest rates. Federal Discount Rate
September 25, 2022 The federal discount rate is the interest rate that the Federal Reserve System (FRS) charges banks for borrowing money from the Federal Reserve Bank. Federal Funds
September 25, 2022 Federal funds refer to excess reserves held by financial institutions in excess of the central bank’s mandatory reserve requirements. Federal Funds Rate
September 25, 2022 The federal funds rate is the target interest rate set by the FOMC. Federal Open Market Committee (FOMC)
September 25, 2022 The Federal Open Market Committee is a division of the Federal Reserve System. Federal Open Market Committee Meeting (FOMC Meeting)
September 25, 2022 The Federal Open Market Committee is a division of the Federal Reserve System. Federal Reserve Act
September 25, 2022 The Federal Reserve Act of 1913 created the Federal Reserve System, known simply as the “Fed”. Federal Reserve Bank
September 25, 2022 The Federal Reserve System is the central bank and monetary authority of the United States. Federal Reserve Board (FRB)
September 25, 2022 The Federal Reserve Board (FRB) is the governing body of the Federal Reserve System, America’s central bank. Federal Reserve System (FRS)
September 25, 2022 The Federal Reserve System (FRS), also known as the Fed, is the central bank of the United States. Fisher Effect
September 25, 2022 The Fisher Effect is an economic theory created by economist Irving Fisher that describes the relationship between inflation and real and nominal interest rates. Fixed Exchange Rate
September 25, 2022 The purpose of a fixed exchange rate system is to keep the value of a currency within a narrow range. Float
September 25, 2022 The float is essentially money with a double account: the amount paid, which, due to delays in processing, appears simultaneously in the accounts of the payer and the payee.