Economics

Economics

basics of economics

Industry: Economy

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Economics

European Central Bank (ECB)

Economy; Economics

The central bank of the European union, responsible since January 1999 for setting the official short-term interest rate in countries using the Euro as their domestic currency. In this role, the ...

Eurodollar

Economy; Economics

A deposit in dollars held in a bank outside the United States. Such deposits are often set up to avoid taxes and currency exchange costs. They are frequently lent out and have become an important ...

Euro Zone

Economy; Economics

The economy comprising all the countries that have adopted the Euro. There is much debate among economists about whether the Euro zone is in fact an optimal currency area.

Euro

Economy; Economics

The main currency of the European Union, launched in January 1999 and in general circulation since 2002 (see economic and monetary union).

Equity risk premium

Economy; Economics

The extra reward investors get for buying a share over what they get for holding a less risky asset, such as a government bond. Modern financial theory assumes that the premium will be just big ...

When something unexpected happens that affects one economy (or part of an economy) more than the rest. This can create big problems for policymakers if they are trying to set a macroeconomic policy ...

Asymmetric information

Economy; Economics

When somebody knows more than somebody else. Such asymmetric information can make it difficult for the two people to do business together, which is why economists, especially those practising game ...