Tag: monetary

What does 'Illiquid' mean Illiquid refers to the state of a security or other asset that cannot easily be sold or exchanged for cash without...

DefinitionIn business, economics or investment, market liquidity is a market's feature whereby an individual or firm can quickly purchase or sell an asset without...

DefinitionIn financial accounting, a balance sheet or statement of financial position is a summary of the financial balances of an individual or organization, whether...

DefinitionIn economics, Okun's law is an empirically observed relationship between unemployment and losses in a country's production. The "gap version" states that for every...

What is 'James Tobin' An American economist who won the Nobel Memorial Prize in Economics in 1981 for his analysis of financial...

Who was John Hicks? John Hicks was a British economist who was awarded the Nobel Prize in Economics in 1972. He is best known for...

John B. Taylor's life and career John B. Taylor is a senior fellow at the Hoover Institution and the Mary and Robert Raymond Professor of...

What is 'Joint Bond' A bond that is guaranteed by a party other than the issuer. A joint bond is an issue...

DefinitionThe National Bank Surveillance System is a computerized, off-site monitoring system developed by the U.S. Office of the Comptroller of the Currency "to assist...

What is an ‘Unconventional Cash Flow' A series of inward and outward cash flows over time in which there is more than one change in...