INTERBANK MARKET
Financial system and trading of currencies between banks and financial institutions, excluding retail investors and smaller trading parties. Most interbank trading occurs in the banks’ own accounts although some trading is being done by banks in behalf of its huge customers. This market is unregulated and allows more than 1,000 banks to trade between one another.
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MSCI BRIC Index
An index which measures the equity market performance of the emerging market indexes of Brazil, China, India, and Russia. One of MSCI's Regiona ...
Stock Market Crash
Rapid and precipitous decline in stock prices or economic conditions, which can be the result of collapse of long-term speculative bubble, economic ...
Overhead Ratio
A comparison of operating expenses and total income that is not directly related to the production of a good or service. A firm's operating exp ...
European Financial Stablisation Mechanism - EFSM
Permanent fund created to provide financial assistance to EU member states in times of financial difficulties. In essence, it generates money throu ...
Alston D. Correll
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