Encyclopedia of Money
TROUBLED ASSET RELIEF PROGRAM
›
The Troubled Asset Relief Program, known as TARP, was the cornerstone of the United States program to address the U.S. financial crisis tha...
UNIVERSAL BANKS
›
In addition to the traditional commercial banking activities of holding deposits and extending loans, universal banks offer a full range of...
FEDERAL OPEN MARKET COMMITTEE (FOMC)
›
The Federal Open Market Committee (FOMC) is the chief policy-making group within the Federal Reserve System. It makes the key decisions for...
ANNOUNCEMENT EFFECT
›
Central banks publically announce intentions of maintaining a key policy interest rate at a certain level called the “target rate.” The pra...
LIQUIDITY TRAP
›
A liquidity trap is a macroeconomic condition in which injecting additional money and liquidity into an economy exerts very little impact o...
U.S. FINANCIAL CRISIS OF 2008–2009
›
The U.S. financial crisis of 2008–2009 owed its origins to a failure of institutions to adjust to rapid innovation in the home mortgage indu...
ADJUSTABLE-RATE MORTGAGES
›
An adjustable-rate mortgage (ARM) provides for varying interest rates over the life of the mortgage. It forces the borrower to shoulder some...
Mexican peso crisis of 1994
›
The sharp depreciation of the Mexican peso in December 1994 marked one of the swiftest macroeconomic reversals in the history of developing ...
Current account
›
The current account summarizes transactions that fall within the categories of imports or exports of good and services, income earned abroad...
East asian financial crisis
›
n 1997, a financial crisis threw the East Asian economies into a financial chaos that threatened to derail the East Asian economic miracle ...
›
Home
View web version