WORD FOR THE DAY
The US Federal Reserve System (Fed) is the central bank of the US. It is comprised of a seven-member Board of Governors in Washington, DC and the 12 regional Federal Reserve Banks located around the...
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Emergency liquidity assistance, or ELA, is a facility of the Eurozone banking system whereby a national central bank provides funds “to a solvent financial institution, or group of solvent financial institutions, that is facing temporary...
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Following the global financial crisis in 2008, many countries instituted similar monetary policies. Interest rates were cut everywhere, to nearly zero in several countries.
Now some countries are recovering and are considering raising...
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