Daniel

Wuhan, China

122 Terms    7 Blossaries    0 Followers    24193 Viewers

Daniel

Wuhan, China

122 Terms    7 Blossaries    0 Followers    24193 Viewers

Daniel's Terms

catch-up effect

Economy; Economics

A theory speculating that, since poorer economies tend to grow more rapidly than wealthier economies, all economies in time will converge in terms of per capita income. In other ...

special purpose acquisition company (SPAC)

Economy; International economics

A company formed to raise money to acquire an existing privately owned company. SPACs raise money from investors interested in owning shares in an unspecified private company, ...

no-reserve banking

Economy; Economics

A (hypothetical) method of banking in which banks keep 0 percent of their deposits in the form of bank reserves, meaning that ALL deposits are used for interest-paying loans. ...

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