National Association of Real Estate Investment Trusts (NAREIT)
What is the National Association of Real Estate Investment Trusts (NAREIT)? The National Association of Real Estate Investment Trusts – more commonly known as NAREIT – acts as the voice for equity and mortgage REITs, REITs traded on all major stock exchanges, as well as non-listed and private REITs. NAREIT’s primary focus is to act...
The Economic Crash of 2020
What is the Economic Crash of 2020? The economic crash of 2020 was precipitated by the COVID-19 pandemic. The sudden appearance of the virus, its rapid spread, and uncertainty about how communicable and how lethal it might be sent financial markets and economies spiraling down worldwide. The Market Crash At the beginning of February, the...
Vickrey Auction
What is a Vickrey Auction? A Vickrey auction is a sealed-bid auction where bidders submit bids without knowing the bids of other people. However, as opposed to other sealed-bid auctions, the price paid is the second-highest bid price and not the winning bid price. The Vickrey auction was named after William Vickrey, a Canadian who...
Narrow Money
What is Narrow Money? Narrow money is a way of measuring and categorizing the money supply within an economy. It includes specific kinds of money that are highly liquid. Due to its liquidity, it is easily accessible and can be used for immediate spending. Some examples include cash or checkable deposits. It is important to...
Neutrality of Money Theory: Definition, History, and Critique
A staple in classical economics, the neutrality of money theory suggests that changes in the supply of money within an economy only affect nominal economic variables such as exchange rates, wages, and the prices of goods and services. Changes in the money supply do not affect real economic variables, such as consumption, employment, and real...
