International Economic Terms

English-language economic definitions generated from approved international institutional sources.

  • financial derivative (in a b.o.p. context)

    Financial derivatives are contracts whose economic outcome depends on a reference value, such as a security, commodity, market index, interest rate or exchange rate. They are …

  • financial intermediary

    A financial intermediary is an institution that obtains funds from savers or other providers of finance and makes them available to parties requiring funds. Banks are …

  • financial liability

    A financial liability arises when an entity has a contractual duty to transfer cash or another financial asset, or to enter into a financial exchange that …

  • financial markets

    Financial markets are organised channels for allocating capital between savers and borrowers. They enable financial claims, such as loans or securities, to be issued, traded and …

  • Financial Stability Board (FSB)

    The Financial Stability Board (FSB) is a forum for cooperation among public authorities responsible for financial regulation and supervision worldwide. It develops common approaches to financial-sector …

  • financial vehicle corporation (FVC)

    A financial vehicle corporation (FVC) is a special-purpose entity used to convert pools of financial assets, most often loans, into investment instruments. It acquires or otherwise …

  • fine-tuning operation

    In Eurosystem monetary policy, a fine-tuning operation is an ad hoc market intervention used when liquidity conditions change unexpectedly. It is arranged as needed rather than …

  • fiscal compact

    The fiscal compact denotes the fiscal rules set out in Title III of the Treaty on Stability, Coordination and Governance in the Economic and Monetary Union. …

  • fiscal policy stance (fiscal stance)

    Fiscal stance indicates whether discretionary government budget measures are adding to or subtracting from aggregate demand. A standard gauge is the year-on-year movement in the primary …

  • fit and proper assessment

    A fit-and-proper assessment is a regulatory review of whether a proposed member of a bank’s management body is suitable for the position. It is normally completed …