Monetary policy
Generic term for all measures aimed at adjusting the demand for money to the supply of money. – The central bank’s approach to pursuing this goal; more precisely: – to ensure the long-term stability…
Finanz- und Wirtschaftslexikon
Univ.-Prof. Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
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Generic term for all measures aimed at adjusting the demand for money to the supply of money. – The central bank’s approach to pursuing this goal; more precisely: – to ensure the long-term stability…
Body of the ESCB with the objective of examining current and longer-term issues of the ESCB’s monetary policy and forwarding appropriate proposals to the (enlarged) Governing Council. – Cf. Annual Report of the Deutsche…
Each unit of today’s central bank money is an order to purchase a fixed quantity of goods and services determined by their market price. A deterioration in the value of money reduces this quantity…
As a science, the sum of knowledge about how – individual persons and – groups of persons – including here also entire peoples – behave in relation to the handling of money. – See…
Companies (banks) and institutions (such as stock exchanges, payment systems, central banks, supervisory authorities) that organize or – More broadly, the insurance industry is also included, i.e. all those who primarily work directly with…
All institutions existing in a state or currency area by law and custom that effect the payment of goods, including the central bank and the supervisory authority. Attention: The financial encyclopedia is protected by…
A branch (section) of economics that deals with the study of all issues related to means of payment. In this very broad sense, monetary theory also includes monetary psychology and monetary sociology. – See…
Unless otherwise defined, this includes all interest-bearing securities, especially time deposits, bonds, savings deposits and endowment insurance, i.e. life insurance with an additional savings component for capital accumulation. – The advantage is that the…
In old documents, usually still factual, value-neutral designation for means of payment; i.e., not, as in modern usage, casual designation for money, such as Zaster, fleas, toads, or mice. – See money names, popular…
Establishing something, e.g. metal, paper bills, as the legal tender of a country. – Any conversion of an asset into money (the conversion of any asset into money). – The plan and its realization…
Colloquial term, difficult to define in terms of content, meaning – money, – financial assets (monetary assets), – financial power (financial power). – See financial assets, funds, monetary assets, capital, liquidity, resources, wealth, total.…
monyes or monies; the plural form moneys [i.e. without the “e”] is considered incorrect, although it has recently become common): The predominant unit of exchange used by people in a society, as well as,…
To this day, especially in Internet forums around the world, the demand is made to abolish money completely. Producers deliver their products to an exchange bank. There, they receive an exchange voucher, calculated according…
A person’s pathological aversion to money. – See chremaphobia, miserliness, money abolition, money depression, money Europeans, misochrematia. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without…
Stock of currency and short-term deposits of an economic unit. – A statistically precisely defined aggregate quantity of important claims; see the list in the “Euro area statistics” section of the ECB’s Monthly Bulletin.…
A large bag of flexible material for transporting paper money, commonly used in cash handling business, which was formerly used by the postal service and is still used today by cash handlers. – A…
In a person’s case, the mobile storage place for means of payment. – In ancient times, money – paper money did not exist at that time – was usually carried in a pouch, a…
Unless otherwise defined, a large sum of money as a substructure and prerequisite for intended operations in the marketplace, especially in the context of mergers and acquisitions (a large budget for a specific purpose,…
In the fruit trade – and from there also with other goods in the retail trade – said of a certain presentation of the goods, whereby the best-looking are displayed on top (presentation of…
A (leather) strap worn around the body with a pouch attached for storing money. Such belts, often worn under the outer garment, are known from ancient times as a protection against theft. They are…
Someone who shows no leniency toward debtors and insists on punctual payment, but in turn stalls his money lenders with pleas (someone who is obsessed with how much money people owe him, and flips…
A blogger who writes about the financial market and usually intersperses specific recommendations. Almost always this is paid advertising. Behind some of the money bloggers even certain addresses from the shadow banking sector are…
Someone who constantly trumpets the value of his possessions and lets interlocutors know, unsolicited, what his watch, clothes, furniture, etc. have cost (a female, less frequently a male, who tries to insert the money…
Companies whose main activity is to broker loans between credit institutions. In Germany, they are considered financial enterprises that require a license and are subject to supervision by the German Federal Financial Supervisory Authority…
A person professionally engaged in the exchange of coins (a person concerned with the practice of exchange). – See exchange office. Attention: The financial encyclopedia is protected by copyright and may only be used…
A dubious institution whose leadership allows itself to be endured by the faithful under the pretense of religion; and often promises the more insight into secrets than the individual follower donates (a doubtful religious…
A fine cigar, – the wrappers of which are made of banknotes (a cigar, rolled with money as wrapper); such cigars are “in” in certain circles; – with a band, made of a banknote…
In general, the collection of amounts due. – In particular, since the 2nd century BC. Chr. in the Roman empire operated procedure of the state for the collection of the taxes. The respective city…
A much-criticized term for the expenditure of a person or a private household, since consumption is the physical, material destruction of a good. – See saving. Attention: The financial encyclopedia is protected by copyright…
A letter, visit, telephone call, or conversation made to a person where the only goal is to obtain money. Such a despicable motivation, of course, never should be supposed if a student visits his/her…
In general, the increase in the money supply. It takes place when: – banks grant loans to their customers, thereby creating new claims and liabilities; – the central bank makes money available to the…
In relation to an individual, the firm resolution and persistent performance to reduce the amount of money one spends. A money hack is something such as changing car insurance to a low-priced plan, drinking…
By what percentage does the demand for (cash) money change if income rises or falls by one percent. The reference variable is either national income or the income received by private households. Attention: The…
If not defined otherwise, this is the state of mental depression of a person caused by the lack of funds and thus the inability to meet upcoming payment obligations (sorrow, wretchedness and general anxiety…
In physics, diffusion is the movement of particles from a place of high to a place of lower concentration without external force. Accordingly, it has been claimed that means of payment also spread, as…
Any economic system in which money is not only used occasionally, on a case-by-case basis, but is a decisive factor in determining the economic process as an organizational means of the economy based on…
In a narrower sense, a person’s attitude toward money as dictated by reason and conscience. – In a broader sense, all principles that dictate the rules of fair human coexistence on the financial market.…
Around 2012, a derogatory term was used by “persons engaged in the cultural sector” (cultural producers) against the representatives of economic reason, who advocate an undiminished measure of money. It was claimed – among…
Banks from EMU crisis countries issue bonds on a large scale. These bonds are backed by a guarantee from the respective government. In this way, the securities meet the requirements of the credit assessment…
Eyes in the form of money signs such as € or $, which are attached to articles of clothing, especially T-shirts and sweaters, and whose arrangement corresponds to the human face. – Within a…
A game popular among the lower classes (social underclass) and increasingly observed in the Bochie during breaks and after school hours in schoolyards, in which coins are thrown into a fighting arena by spectators.…
In the simplified economic model of a closed economy, private households receive money income in the form of wages, interest and rents for their supply of factor services (labor, capital, land). Households use this…
Money is a medium of exchange: people pay in money. Money mediates the exchange of goods. – Money is unit of account: one quantifies in money. Money is used as the denominator of all…
These can be derived directly or indirectly from the two main functions of money. Money is – store of value: one saves in money; in other words: money can basically be invested as a…
In central bank calculations, the excess liquidity – or, negatively, the liquidity deficit – in a currency area, determined according to certain approaches; roughly speaking, the stock of money that has not yet been…
A person or entity whose pursuit is incessantly directed toward the acquisition of wealth (an individual or an entity driven solely by pursuit of money). Usually, the word is also given the connotation that…
seizure or acquisition by dishonest means): Collecting a sum of money by trickery or deceit without consideration (obtaining money from someone without returning anything of real value; requiring someone to pay a fee out…
to act mechanically): Primarily in video games the quite addictive act of performing the same mission/level/race etc. over and over for an extended period of time, to collect credits points. – See jack money,…
The state of a person who is completely encrusted by mammon, a person whom money has a grip on. – See argyromania, avarice, money pride, money theology, money obsession, money purpose, greed, harpax, mammonism.…
An item of property as a house or automobile that persistently swallows up money. In relation to a business, this is more commonly referred to as a money grave. – See money burning, money…
A conspicuous headgear, designed from real or imitated banknotes. – In the business area the act of paying journalists a large sum, with hats full of money, in order to gain an unfair advantage…
In older documents a name of abuse especially on questionable advocates. These were also instead of JURIS CONSULTUS (legal scholar) then JURIS TUMULUS (burial mound of law), and instead of JURISPERITI (legal experts) also…
In a winter sports resort, a hill usually intended for beginners, where wealthy people with very expensive ski equipment try skiing (ski resort, designated for beginners, where wealthy skiers with top of the line…
Roughly, the stock of cash, book money together with the circulation of secondary currencies within a currency area. – See money supply, money supply, company note. Attention: The financial encyclopedia is protected by copyright…
If not defined otherwise, a means of payment held by households. – See households, saving. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent!…
The injection of funds, usually on a one-time basis, into an individual or business to avert a financial emergency. – See money squeeze, insolvency, insolvency costs, liquidity, manifestation, distress, financial, reorganization, solvency, default, Vulture…
In bus transport companies, the sections of the network where most of the passengers board the bus paying cash (the streets of bus return-journeys where most of passengers board the bus paying cash). However,…
“Know your customer’s customer” – and report suspicious cases to law enforcement authorities. Section 14 of the 1993 Money Laundering Act (Gesetz über das Aufspüren von Gewinnen aus schweren Straftaten [GwG]) specifies in detail…
Anyone who provides money temporarily on condition that the sum lent will be refunded, usually with an interest fee. – Someone who participates as an investor in a business (a person who invests capital…
In older documents, the office or department in a company responsible for payment transactions. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University…
In general, trading in short-term (usually for up to twelve months; usually for less than one year) money on loan (overnight money, time deposits, short-term paper), with banks and the central bank being the…
Special fund of a capital management company consisting exclusively of interest-bearing money market securities – and here primarily treasury bills, commercial papers and time deposits – as well as bonds issued by first-class borrowers…
Special fund of a capital management company whose unit value is always 100 percent. This is because the fund’s assets, and thus the unit value, are not valued at current market prices. Instead, the…
As defined by the ECB, the price of overnight money, one-month money, three-month money, six-month money and twelve-month money. The respective rates are shown in the “Euro area statistics” section of the ECB’s Monthly…
Measures taken by a central bank with the aim of maintaining an equilibrium between supply and demand in a (temporarily disturbed) money market. – Essentially, these operations involve the injection of liquidity. For example,…
Short-term debt instruments issued by the public sector and traded on the money market (Treasury bills, non-interest-bearing Treasury notes) as well as commercial papers. – Sometimes, two-year federal treasury notes are also classified as…
The ECB divides the money market into supply and demand for – unsecured deposits – secured repo transactions and – derivatives, which are subdivided into – exchange-traded instruments, such as a coupon swap, mandatory…
The extent and frequency of price fluctuations in the money market as a whole or in individual money market segments. It is important for the central bank neither to create nor to increase uncertainty…
Marriage – or entering into a registered partnership in the case of same-sex couples – solely or mainly for the reason that the partner has considerable financial means (nevertheless money is the leading reason…
Too little or too much money in a country or currency area will sooner or later lead to major disruptions in the economic process (the constantly interlocking acts of production and consumption caused by…
Someone who says whatever in public for money (someone who tells whatever for money). – A person who prefers to talk about money with others (somebody typically lost in money talks). – A person…
Wealthy, solvent contemporaries; originally a derogatory term, especially on the part of representatives of the old blood nobility (hereditary nobility). – Certain upper-class families who enjoy inherited wealth (“old money”: the inherited wealth of…
A pathological greed for wealth, whereby the personality of a person afflicted with it is gradually shattered (the phenomenon of addiction to money and material wealth which supersedes and overrides step-by-step any and all…
In the case of building societies, sometimes referred to as the deposits made by the saver plus interest credited to his account. – In the case of prisoners, defined in § 52 StVollzG-NRW as…
Leggings made of banknotes, usually held together by clear fabric, or a coat of lacquer (trousers made of paper currency, held together by clear fabric, or a coat of lacquer). Such garments, like a…
In newspapers and on radio and television programs, the section where money matters are discussed (a segment on the news where the financial experts come on to talk about money matters and the actual…
Wealthy, solvent and usually also well-earning – then in a higher professional position – persons (as men they typically wear exclusive, tailor-made suits, lavish ties, exceptional watches and eye glasses, and they have very…
In the labor market, a form of remuneration in which an agreed sum is paid in principle for a specific performance, i.e., for a number of pieces; and the payment is made regardless of…
A temporary excess demand (demand exceeds supply) for central bank money in the money market. – Temporary shortage of funds at a household (moneyslack) or entity (money vacuum). – See financial distress, money injection,…
An entity or operation that devours vast sums of money (any entity or venture which requires abundant sums of money for maintenance, and thus drains enduringly financial resources). As a rule, it is also…
Unless otherwise defined, a group of banks formed to raise money for stockbrokers, especially in times of crisis. – See price broker, broker, lead broker. Attention: The financial encyclopedia is protected by copyright and…
The self-attribution of personal merit solely on the basis of the fact that the person in question has ample money or assets. This is always associated with a disdain for other people. – The…
Through the fact that money provides a measure of value which is known, recognized, impartial and secured by law, exchange – namely the approach of people to each other with the intention of giving…
A device used by the croupier (an attendant in a gambling casino who rakes in money or chips) in casinos to collect betting money or chips. – Jokingly said of a person who pushily…
In a broad sense, the price at which any means of payment is traded on the market: the interest rate. – The interest rate at which the central bank makes its monopoly money available…
A paper wrapper used to hold loose change (a cone made from plain paper to hold loose change). – In banking terms, the paper is usually tailored to the respective coins by appropriate coloring…
Unless otherwise defined, the purposeful exploration of opportunities to earn money (looking for a way to earn money). Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes…
Unless otherwise defined, the purposeful exploration of opportunities to earn money (looking for a way to earn money). Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes…
In private households, in public agencies or in a company, a cost-saving acquisition or conversion of existing equipment (all that helps to spend less money), such as the introduction of energy-saving sets and devices.…
In terms of private households, for a simple, modest and cost-conscious way of living, avoiding any kind of superfluous purchases (a style of living by spending least money, using only things which are purposeful…
In distinction to the financial vulture, a private person whose life and striving are determined solely by the greed for getting rich and being rich, and who, in doing so, also uses reprehensible, even…
Legal secondary term for money or means of payment as a whole. – Ancient forms of intermediate means of exchange: Natural money (primitive money) such as shells (shell coins; pantes = shell coins, coin…
Hitting someone in the face with a wad of money. In certain milieus, a practice practiced by powerful people to show someone how worthless he is, in addition to the punishment (taking out a…
Moving the index finger several times over the thumb as a sign that one is willing to pay, perhaps has already paid (using the thumb and index finger together by rubbing them, such signifying…
Cash in its own administration, equal in content and scope to the term mattress money. The word “sock” means word-historically (etymologic) “pants”, so keep money in the pocket. The disadvantage of this way of…
Cash in its own administration, equal in content and scope to the term mattress money. The word “sock” means word-historically (etymologic) “pants”, so keep money in the pocket. The disadvantage of this way of…
A wealthy female person who marries a usually younger man just for her wealth. The counterpart is the sugar daddy (sugar = here: slang term, meaning money), with whom a usually much younger woman…
A term frequently used in older literature to refer to money shortages, money squeezes. – See financial distress, money overhang, money market operations. Attention: The financial encyclopedia is protected by copyright and may only…
In central bank parlance, the unspent money held by economic agents. – See spending restraint, public, treasury, intermediate savings. Attention: The financial encyclopedia is protected by copyright and may only be used for private…
In ancient times, a stone whose weight corresponded exactly to the target weight of a particular coin in circulation. The individual stones were usually carried in a belt bag (body waist bag) and used…