Fed Balance Sheet
What is the Fed Balance Sheet? The Fed balance sheet refers to the balance sheet of the Federal Reserve, the central bank of the United States. The Fed’s balance sheet is basically just like any other balance sheet – or more precisely, like the balance sheet of any other bank – it is a list...
Fixed Annuity
What is a Fixed Annuity? A fixed annuity is an investment product sold by insurance companies that provides guaranteed periodic (typically monthly) income payments to the annuity purchaser. It is essentially an investment intended to provide regular income to an individual following their retirement from the workforce. Understanding Fixed Annuities A fixed annuity refers to...
European Monetary System (EMS)
What is the European Monetary System (EMS)? The European Monetary System (EMS) refers to an arrangement established in 1979, whereby members of the European Economic Community (now the European Union) agreed to link their currencies to encourage monetary stability in Europe. The EMS aimed to create a stable exchange rate for easier trade and cooperation...
European Sovereign Debt Crisis
What is the European Sovereign Debt Crisis? The European Sovereign Debt Crisis refers to the financial crisis that occurred in several European countries due to high government debt and institutional failures. The crisis began in 2009 when Greece’s sovereign debt reportedly reached 113% of GDP – almost twice the limit of 60% set by the...
European Banking Authority (EBA)
What is the European Banking Authority (EBA)? The European Banking Authority (EBA) is an agency that aims to supervise financial integrity and ensure financial stability across the European Union (EU). The EBA is a part of the European System of Financial Supervision (ESFS), which works to ensure that the European single market functions efficiently through...
