MARSHALL PLAN
US-sponsored economic recovery program that was designed and implemented after World War II, which aims to aid recovery efforts on European countries. US Secretary of State George Marshall laid out marshall plan in his address at Harvard University in 1947. The US Congress then authorized European Recovery Program. It provided $13 billion in loans to Western Europe countries specifically. By the time the US ended its funding in 1952, recipients of the plan surpassed pre-war levels. Hence, marshall plan was a success, given that majority of Eastern Europe and Soviet Union did not accept the plan.
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McDonough Ratio
A ratio developed by the Basel Committee on Banking Supervision during Basel II conference. This ratio stemmed out from the Cookie ratio that was p ...
Excess Returns
Portion of return from a security or portfolio not explained by the overall market’s return rate. It measures the value added by the investme ...
M0
Measuring money supply that sums up all the physical currency (notes and coins) that is circulating in the economy and the bank reserves held with ...
Manufactured Housing - MH
A prefabricated housing unit, which is assembled in factories, prior to being moved to sites of use. The cost of construction per square foot is ty ...
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 ...
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