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Bank Of Estonia
Bank of Estonia ( et, Eesti Pank) is the central bank of Estonia as well as a member of the Eurosystem organisation of euro area central banks. The Bank of Estonia also belongs to the European System of Central Banks. Until 2010, the bank issued the former Estonian currency, the kroon. The Governor of the Bank of Estonia, currently Madis Müller, is a member of the Governing Council of the European Central Bank. TALIBOR Prior to the introduction of the euro, TALIBOR or the Tallinn Interbank Offered Rate was a daily reference rate based on the interest rates at which banks offer to lend ''unsecured'' funds to other banks in the Estonian wholesale money market (or interbank market in Estonian kroons). TALIBOR was published daily by the Bank of Estonia, together with TALIBID (Tallinn Interbank Bid Rate). TALIBOR was calculated based on the quotes for different maturities provided by reference banks at about 11.00 am each business day by disregarding highest and lowest qu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tallinn
Tallinn () is the most populous and capital city of Estonia. Situated on a bay in north Estonia, on the shore of the Gulf of Finland of the Baltic Sea, Tallinn has a population of 437,811 (as of 2022) and administratively lies in the Harju ''maakond'' (county). Tallinn is the main financial, industrial, and cultural centre of Estonia. It is located northwest of the country's second largest city Tartu, however only south of Helsinki, Finland, also west of Saint Petersburg, Russia, north of Riga, Latvia, and east of Stockholm, Sweden. From the 13th century until the first half of the 20th century, Tallinn was known in most of the world by variants of its other historical name Reval. Tallinn received Lübeck city rights in 1248,, however the earliest evidence of human population in the area dates back nearly 5,000 years. The medieval indigenous population of what is now Tallinn and northern Estonia was one of the last " pagan" civilisations in Europe to adopt Christianit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Securities
A country's gross government debt (also called public debt, or sovereign debt) is the financial liabilities of the government sector. Changes in government debt over time reflect primarily borrowing due to past government deficits. A deficit occurs when a government's expenditures exceed revenues. Government debt may be owed to domestic residents, as well as to foreign residents. If owed to foreign residents, that quantity is included in the country's external debt. In 2020, the value of government debt worldwide was $87.4 US trillion, or 99% measured as a share of gross domestic product (GDP). Government debt accounted for almost 40% of all debt (which includes corporate and household debt), the highest share since the 1960s. The rise in government debt since 2007 is largely attributable to the global financial crisis of 2007–2008, and the COVID-19 pandemic. The ability of government to issue debt has been central to state formation and to state-building , state build ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Natural Person
In jurisprudence, a natural person (also physical person in some Commonwealth countries, or natural entity) is a person (in legal meaning, i.e., one who has its own legal personality) that is an individual human being, distinguished from the broader category of a legal person, which may be a private (i.e., business entity or non-governmental organization) or public (i.e., government) organization. Historically, a human being was not necessarily considered a natural person in some jurisdictions where slavery existed (subject of a property right) rather than a person. Definitions According to Maria Helena Diniz, an individual or natural person "is the human being considered as a subject of rights and obligations". Every human being is endowed with legal personality and, therefore, is a subject of law. According to Sílvio de Salvo Venosa, "legal personality is a projection of the intimate, psychic personality of each person; it is a social projection of the psychic personality ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bundesbank
The Deutsche Bundesbank (), literally "German Federal Bank", is the central bank of the Federal Republic of Germany and as such part of the European System of Central Banks (ESCB). Due to its strength and former size, the Bundesbank is the most influential member of the ESCB. Both the Bundesbank and the European Central Bank (ECB) are located in Frankfurt, Germany. It is sometimes referred to as "Buba" for Bundesbank, while its usual abbreviation is BBk in Germany and internationally DBB. The Bundesbank was established in 1957 and succeeded the Bank deutscher Länder, which introduced the Deutsche Mark on 20 June 1948. Until the euro was physically introduced in 2002, the Bundesbank was the central bank of the former Deutsche Mark ("German Mark", sometimes known in English as the "Deutschmark"). The Bundesbank was the first central bank to be given full independence, leading this form of central bank to be referred to as the ''Bundesbank model'', as opposed, for instance, to th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank For International Settlements
The Bank for International Settlements (BIS) is an international financial institution owned by central banks that "fosters international monetary and financial cooperation and serves as a bank for central banks". The BIS carries out its work through its meetings, programmes and through the Basel Process – hosting international groups pursuing global financial stability and facilitating their interaction. It also provides banking services, but only to central banks and other international organizations. It is based in Basel, Switzerland, with representative offices in Hong Kong and Mexico City. History The BIS was established in 1930 by an intergovernmental agreement between Germany, Belgium, France, the United Kingdom, Italy, Japan, the United States, and Switzerland. It opened its doors in Basel, Switzerland, on 17 May 1930. The BIS was originally intended to facilitate reparations imposed on Germany by the Treaty of Versailles after World War I, and to act as the truste ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Market Economy
A market economy is an economic system in which the decisions regarding investment, production and distribution to the consumers are guided by the price signals created by the forces of supply and demand, where all suppliers and consumers are unimpeded by price controls or restrictions on contract freedom. The major characteristic of a market economy is the existence of factor markets that play a dominant role in the allocation of capital and the factors of production. Market economies range from minimally regulated free-market and ''laissez-faire'' systems where state activity is restricted to providing public goods and services and safeguarding private ownership, to interventionist forms where the government plays an active role in serving special interests and promoting social welfare. State intervention can happen at the production, distribution, trade and consumption areas in the economy. The distribution of basic need services and goods like health care may be ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Estonian Soviet Socialist Republic
The Estonian SSR,, russian: Эстонская ССР officially the Estonian Soviet Socialist Republic,, russian: Эстонская Советская Социалистическая Республика was an ethnically based administrative subdivision of the former Soviet Union (USSR) covering the occupied and annexed territory of Estonia in 1940–1941 and 1944–1991. The Estonian SSR was nominally established to replace the until then independent Republic of Estonia on 21 July 1940, a month after the 16–17 June 1940 Soviet military invasion and occupation of the country during World War II. After the installation of a Stalinist government which, backed by the occupying Soviet Red Army, declared Estonia a Soviet constituency, the Estonian SSR was subsequently incorporated into the Soviet Union as a "union republic" on 6 August 1940. Estonia was occupied by Nazi Germany in 1941, and administered as a part of ''Reichskommissariat Ostland'' until it was reconquere ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Russian Ruble
''hum''; cv, тенкĕ ''tenke''; kv, шайт ''shayt''; Lak: къуруш ''k'urush''; Mari: теҥге ''tenge''; os, сом ''som''; tt-Cyrl, сум ''sum''; udm, манет ''manet''; sah, солкуобай ''solkuobay'' , name_abbr = руб, Rbl , image_1 = Banknote_5000_rubles_2010_front.jpg , image_title_1 = banknote of the current series , image_2 = Rouble coins.png , image_title_2 = Coins , iso_code = RUB , date_of_introduction = 14 July 1992:RUR (1 SUR = 1 RUR)1 January 1998:RUB (1,000 RUR = 1 RUB) , replaced_currency = Soviet ruble (SUR) , using_countries = , unofficial_users = , inflation_rate = 12.0% (November 2022) , inflation_source_date Bank of Russia, inflation_method = CPI , unit = ruble , subunit_ratio_1 = , subunit_name_1 = kopeyka (копейка) ''tiyen''; ba, тин ''tin''; cv, пус ''pus''; os, капекк ''kapekk''; udm, коны ''kony''; Mari: ыр ''yr''; sah, харчы ''harchy'' , symbo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Occupation Of The Baltic States
The Baltic states of Estonia, Latvia and Lithuania were invaded and occupied in June 1940 by the Soviet Union, under the leadership of Stalin and auspices of the Molotov-Ribbentrop Pact that had been signed between Nazi Germany and the Soviet Union in August 1939, immediately before the outbreak of World War II. The three countries were then annexed into the Soviet Union (formally as " constituent republics") in August 1940. The United States and most other Western countries never recognised this incorporation, considering it illegal. On 22 June 1941, Nazi Germany attacked the Soviet Union and within weeks occupied the Baltic territories. In July 1941, the Third Reich incorporated the Baltic territory into its ''Reichskommissariat Ostland''. As a result of the Red Army's Baltic Offensive of 1944, the Soviet Union recaptured most of the Baltic states and trapped the remaining German forces in the Courland pocket until their formal surrender in May 1945. Latvian plenipotentiar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Illiquid
In business, economics or investment, market liquidity is a market's feature whereby an individual or firm can quickly purchase or sell an asset without causing a drastic change in the asset's price. Liquidity involves the trade-off between the price at which an asset can be sold, and how quickly it can be sold. In a liquid market, the trade-off is mild: one can sell quickly without having to accept a significantly lower price. In a relatively illiquid market, an asset must be discounted in order to sell quickly. Money, or cash, is the most liquid asset because it can be exchanged for goods and services instantly at face value. Overview A liquid asset has some or all of the following features: It can be sold rapidly, with minimal loss of value, anytime within market hours. The essential characteristic of a liquid market is that there are always ready and willing buyers and sellers. It is similar to, but distinct from, market depth, which relates to the trade-off between quantit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fixed Capital
In accounting, fixed capital is any kind of real, physical asset that is used repeatedly in the production of a product. In economics, fixed capital is a type of capital good that as a real, physical asset is used as a means of production which is durable or isn't fully consumed in a single time period.Varri P. (1987) Fixed Capital. In: Durlauf S., Blume L. (eds) The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. "fixed capital", '' The New Palgrave: A Dictionary of Economics'', 1st Editio/ref> It contrasts with circulating capital such as raw materials, operating expenses etc. The concept was first theoretically analyzed in some depth by the economist Adam Smith in The Wealth of Nations (1776) and by David Ricardo in On the Principles of Political Economy and Taxation (1821). Ricardo studied the use of machines in place of labor and concluded that workers' fear of technology replacing them might be justified. Thus fixed capital is that portion of the total ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foreign Currency Reserves
Foreign exchange reserves (also called forex reserves or FX reserves) are cash and other reserve assets such as gold held by a central bank or other monetary authority that are primarily available to balance payments of the country, influence the foreign exchange rate of its currency, and to maintain confidence in financial markets. Reserves are held in one or more reserve currencies, nowadays mostly the United States dollar and to a lesser extent the euro. Foreign exchange reserves assets can comprise banknotes, bank deposits, and government securities of the reserve currency, such as bonds and treasury bills. Some countries hold a part of their reserves in gold, and special drawing rights are also considered reserve assets. Often, for convenience, the cash or securities are retained by the central bank of the reserve or other currency and the "holdings" of the foreign country are tagged or otherwise identified as belonging to the other country without them actually leaving ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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