Fiscal Policy
Fiscal policy involves government spending and taxation to influence the economy. It's a key tool for managing economic growth, inflation, and unemployment.
Financial Year
The financial year, or fiscal year, is a 12-month period used for accounting and reporting purposes. It doesn't always align with the calendar year, offering flexibility for businesses and governments.
Financial Services Authority (FSA)
The Financial Services Authority (FSA) was a UK government body responsible for regulating financial services firms. It aimed to protect consumers and maintain market confidence, merging several previous regulatory bodies.
Final Salary Pension Scheme Explained
A final salary pension scheme, also known as a defined benefit pension, guarantees a retirement income based on your salary and years of service. It offers predictable income for life.
Externalities
Externalities occur when the production or consumption of a good or service impacts a third party not directly involved. These can be positive, benefiting others, or negative, imposing costs.
European Central Bank (ECB)
The European Central Bank (ECB) is the central bank for the euro, responsible for monetary policy in the Eurozone. It aims to maintain price stability and supports the economic policies…
European Bank for Reconstruction and Development (EBRD)
The European Bank for Reconstruction and Development (EBRD) is an international financial institution established to aid in the transition of former communist countries to market economies. It invests in projects…
Ethical Investment: Investing with Values
Ethical investment, also known as socially responsible investing (SRI), integrates environmental, social, and governance (ESG) factors into investment decisions. It aligns financial goals with personal values for a positive impact.
Equity Derivatives Explained
Equity derivatives are financial contracts whose value is derived from underlying stocks or stock indexes. They offer flexible hedging, speculation, and arbitrage opportunities in financial markets.
Equity
Equity refers to fairness and justice, particularly in the distribution of resources and opportunities. It acknowledges that different individuals and groups may need different support to achieve equal outcomes.