Economics › Monetary economics
2020–2021 correlated bubble in assets
The "everything bubble" refers to the impact on the values of asset prices, including equities, real estate, bonds, many commodities, and cryptocurrencies, due to quantitative easing by the Federal Reserve, European Central Bank, and the Bank of Japan.
Economics › Monetary economics
Unified coinage system in Europe
The Monetary Convention of 23 December 1865 was a unified system of coinage that provided a degree of monetary integration among several European countries, initially Belgium, France, Italy and Switzerland, at a time when the circulation of banknotes in these countries remained relatively marginal.
Economics › Monetary economics
Denomination of banking system deposits
Domestic liability dollarization (DLD) pertains to the denomination of banking system deposits and loaning in a currency other than that of the country in which they are held.
Economics › Monetary economics
Monetary principle
In economics, Gresham's law, also Gresham-Copernicus Law (after Nicolaus Copernicus) is a monetary principle stating that "bad money drives out good".
Economics › Monetary economics
Holds that money is created endogenously by the banking sector
Monetary circuit theory is a heterodox theory of monetary economics, particularly money creation, often associated with the post-Keynesian school. It holds that money is created endogenously by the banking sector, rather than exogenously by central bank lending; it is a theory of endogenous money.
Economics › Monetary economics
Currency not backed by any commodity
Fiat money or fiat currency is a type of government-issued currency, generally created by a central bank, authorized by government regulation to be legal tender but not backed by a precious metal, such as gold or silver, nor by any other tangible asset or commodity.
Economics › Monetary economics
Free trade area of the Association of South East Asian Nations
The ASEAN Free Trade Area (AFTA) is a trade bloc agreement by the Association of Southeast Asian Nations supporting local trade and manufacturing in all ASEAN countries, and facilitating economic integration with regional and international allies.
Economics › Monetary economics
Digital form of fiat money
A central bank digital currency (CBDC) is a digital version of an official currency, created by a central bank rather than by private companies. Unlike cryptocurrencies such as Bitcoin, CBDCs are issued by a state and may work alongside physical cash.
Economics › Monetary economics
OAPEC petroleum embargo
In October 1973, the Organization of Arab Petroleum Exporting Countries (OAPEC) announced that it was implementing a total oil embargo against countries that had supported Israel at any point during the 1973 Yom Kippur War, which began after Egypt and Syria launched a large-scale surprise attack in an ultimately unsuccessful attempt to recover the territories that they had lost to Israel during the 1967 Six-Day War.
Economics › Monetary economics
National economy metric
The economy monetization is a metric of the national economy, reflecting its saturation with liquid assets. The level of monetization is determined both by the development of the national financial system and by the whole economy.
Economics › Monetary economics
1896 speech by William Jennings Bryan
The Cross of Gold speech was delivered by William Jennings Bryan, a former United States Representative from Nebraska, at the Democratic National Convention in Chicago on July 9, 1896.
Economics › Monetary economics
Gold price manipulation
The London Gold Pool was the pooling of gold reserves by a group of eight central banks in the United States and seven European countries that agreed on 1 November 1961 to cooperate in maintaining the Bretton Woods System of fixed-rate convertible currencies and defending a gold price of US$35 per troy ounce by interventions in the London gold market.
