An independent research center founded by European credit institutions with the help of the Centre for European Policy Studies. It works to research the implications of certain actions relating to credit and how they will have an impact on both the micro- and macroeconomic environment. Much of the research is done through economic and policy analysis and trend monitoring. |||In addition to the extensive research conducted at the Institute, the ECRI also provides advice to the major policymakers on issues such as credit-market regulation and credit reporting and supervision. It organizes workshops and conferences to share its members' ideas and creates an open forum for debate and discussion by all the European interest parties.
The European Community is one of the three pillars of the European Union (EU). The pillars represent the three different areas of cooperation within the union. The European Community is the first pillar and represents supranational cooperation. The policies within this area allow the EU to issue legislation that directly binds its citizens. |||The second pillar represents foreign and security policy, and the third represents cooperation between EU governments regarding issues related to police, judicial and criminal matters.
An independent research institution that strives to spread information pertaining to European markets. The ECMI's main goals are to instigate discussions and debates on the subject of the European markets and to be a major contributor in the discussions on behalf of the research conducted at the Institute. The ECMI is managed by the Centre For European Policy Studies. |||Some of the topics covered during the debates are efficiency, stability, liquidity, integrity, competitiveness and transformation. The ECMI is able to help the discussions along through newsletters, annual reports, statistics, commentary, policy briefs and research reports.
The region classification for a division of an international company that operates in Europe, the Middle East and Africa. The division that operates in the EMEA will often be run by a separate executive and focus the international brand towards the needs of the EMEA region. |||The EMEA abbreviation will often be placed alongside the international company's name to denote that its operations are focused on the EMEA. For example, Microsoft EMEA is run by a different CEO than Microsoft USA and its focus is solely on the EMEA region.
An acronym referring to the geographical area that includes these three regions. These regions represent the most developed areas outside of North America. |||Owning an index fund comprised of companies from the EAFE area is one way to invest in those international markets. Indexes, such as the MSCI EAFE, are used as a benchmark for North American equity performance.
The weighted average of overnight Euro Interbank Offer Rates for inter-bank loans. |||EonIA is the standard interest rate for Euro currency deposits. The European Central Bank is responsible for calculating the EonIA every day.
The rate of interest at which panel banks borrow funds from other panel banks, in marketable size, in the EU interbank market. |||In other words, this is the rate at which participant banks within the European Union money market will lend to another participant bank in the EU money market. Because banks involved with Euribor are the largest participants in the EU money market, this rate has become the benchmark for short-term interest rates.
An phenomenon that describes the anomalously higher historical real returns of stocks over government bonds. The equity premium, which is defined as equity returns less bond returns, has been about 6% on average for the past century. It is supposed to reflect the relative risk of stocks compared to "risk-free" government bonds, but the puzzle arises because this unexpectedly large percentage implies a suspiciously high level of risk aversion among investors. |||The equity premium puzzle is a mystery to financial academics. According to some academics, the difference is too large to reflect a "proper" level of compensation that would occur as a result of investor risk aversion; therefore, the premium should actually be much lower than the historic average of 6%.More recent extensions to the puzzle attempt to offer a different rationale for explaining the EPP, such as investor prospects and macroeconomic influences. No matter the explanation, the fact remains that investors are being rewarded very well for holding equity compared to government bonds.
登录
工商服务
危机公关
金融律师
app开发
财税服务
金融牌照
网站建设
知识产权
企业征信
审计评估