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European Community (EC) Definition
The European Community (EC) was formed in 1957 by six European countries with the goal of providing economic stability and preventing future wars.
Economic Capital (EC) Definition
Economic capital is the amount of capital that a firm, usually in financial services, needs to ensure that the company stays solvent given its risk profile.
Using Economic Capital to Determine Risk
Discover how banks and financial institutions use economic capital to enhance risk management.
European Monetary System (EMS) Definition
The European Monetary System (EMS) was set up in 1979 to foster closer monetary policy co-operation between members of the European Community (EC).
Currency Risk Sharing
Currency risk sharing is a form of hedging currency risk in which the two parties agree to share the risk from exchange-rate fluctuation.
Maastricht Treaty Definition
The Maastricht Treaty was a treaty that is responsible for the creation of the European Union and was approved by heads of government of the states making up the European Community (EC) in December 1991.
European Union (EU)
The European Union (EU) is a group of countries that acts as one economic unit in the world economy. Its official currency is the euro.
Eurosclerosis is economic stagnation and unemployment (such as that seen in Europe in the 1980s) linked to economic over-regulation and rigidities.
Carry Trade Definition
A carry trade is a trading strategy that involves borrowing at a low interest rate and investing in an asset that provides a higher rate of return.
World Falling Behind China in AI: Goldman Sachs
'The Chinese are not only making statements, they are investing money,' said the former EC head.