(STATISTICS) a range of values for which you are x percent confident contains the correct answer. Answers to a statistical question which are ranged from the lowest likely value to the highest; answers outside of this range are highly unlikely.
Presupposes that you are estimating a value based on sample data, and the sample data has a genuinely random variance.
Usually the confidence interval is for a 95% confidence, meaning there is only a 5% probability that the true value is OUTSIDE the interval.
Presupposes that you are estimating a value based on sample data, and the sample data has a genuinely random variance.
Usually the confidence interval is for a 95% confidence, meaning there is only a 5% probability that the true value is OUTSIDE the interval.
ANNA: I've been driving your car for about a month.
JAMES: And what you think is the MPG?
ANNA: It's probably about 25 MPG, with a 95% confidence interval of 19.5 to 32 MPG.
JAMES: Holy cow! Any Prussians in your family tree?
JAMES: And what you think is the MPG?
ANNA: It's probably about 25 MPG, with a 95% confidence interval of 19.5 to 32 MPG.
JAMES: Holy cow! Any Prussians in your family tree?
by Abu Yahya April 23, 2010
Get the confidence interval mug.to introduce a thing as currency, e.g., silver, gold, copper. In nearly all cases, when something has been monetized, it is legal tender and debtors are legally obligated to accept it as payment for debt.
Debt can also be monetized. A government can either buy the debt of companies whose growth it favors as a matter of policy (as in pre-War Japan) or permit its own bonds to be be used as banking reserves (for the creation of money).
Debt can also be monetized. A government can either buy the debt of companies whose growth it favors as a matter of policy (as in pre-War Japan) or permit its own bonds to be be used as banking reserves (for the creation of money).
by Abu Yahya January 23, 2009
Get the monetize mug.(ECONOMICS) debt owned by a national government to all creditors foreign and domestic. Backed by the national government's power to tax.
Even after the International Monetary Fund worked out a bailout for Greece, other sovereign debt crises could still arise in Spain, Portugal, and Italy.
by Abu Yahya May 05, 2010
Get the sovereign debt mug.(ECONOMICS) a financial institution that issues the national currency and administers monetary policy.
For the USA, the central bank is the Federal Reserve System.
In a few cases, the central bank is private, and otherwise similar to a regular commercial bank. In other cases, it is directly controlled by the head of government. In most cases, however, it is a government agency that is shielded from direct control.
OTHER IMPORTANT CENTRAL BANKS
European Union--European Central Bank (ECB).
Japan--Bank of Japan
China--People's Bank of China
United Kingdom--Bank of England
See also the International Monetary Fund and the Bank for International Settlements.
For the USA, the central bank is the Federal Reserve System.
In a few cases, the central bank is private, and otherwise similar to a regular commercial bank. In other cases, it is directly controlled by the head of government. In most cases, however, it is a government agency that is shielded from direct control.
OTHER IMPORTANT CENTRAL BANKS
European Union--European Central Bank (ECB).
Japan--Bank of Japan
China--People's Bank of China
United Kingdom--Bank of England
See also the International Monetary Fund and the Bank for International Settlements.
In the USA, as well as many other countries, the Treasury acts as the government's underwriter but the central bank controls the money supply using treasury securities and other forms of hot money. The central bank is usually responsible for managing the currency reserves, including foreign currency reserves, of its government. It also enforces banking laws and operates check clearing.
The BIS acts as a bank to most of the world's central banks.
The BIS acts as a bank to most of the world's central banks.
by Abu Yahya May 05, 2010
Get the central bank mug.(ECONOMICS) An emergency in which a financial or government institution cannot meet its current obligations in an acceptable form of payment. Different from insolvency, which is where that same institution cannot be realistically expected to EVER meet its obligations.
A good example of the difference is a run on a bank, especially in the days before deposit insurance. A perfectly honest, well-run bank could have all of its books in order, and be paying its depositors in legal tender, when suddenly a panic strikes and everyone wants their deposits all at once. This is necessarily impossible, and forces the bank's officers to default on their debts.
Often, the bank could resume operation later when it was established that it held performing assets greater than deposits. More recently, liquidity crises have been a problem suffered by countries facing capital flight
A good example of the difference is a run on a bank, especially in the days before deposit insurance. A perfectly honest, well-run bank could have all of its books in order, and be paying its depositors in legal tender, when suddenly a panic strikes and everyone wants their deposits all at once. This is necessarily impossible, and forces the bank's officers to default on their debts.
Often, the bank could resume operation later when it was established that it held performing assets greater than deposits. More recently, liquidity crises have been a problem suffered by countries facing capital flight
In 1997, several countries in East Asia were stricken with a liquidity crisis. In many cases, such as Malaysia, the panicked response had nothing whatever to do with fundamentals; it was sheer herd mentality.
by Abu Yahya May 05, 2010
Get the liquidity crisis mug.(FINANCE) department of a securities firm that specializes in repurchase agreements. A repurchase agreement is a type of short-term loan in which a borrower sells a security (like a share of stock) and agrees to buy the same security back in a few days.
From the point of view of the counterparty buying/re-selling the stock, this deal is known as a reverse-repo. Reverse-repos are useful to brokerages because they allow the brokerage to short the stock.
From the point of view of the counterparty buying/re-selling the stock, this deal is known as a reverse-repo. Reverse-repos are useful to brokerages because they allow the brokerage to short the stock.
Through a repo desk, the bank can finance short-term borrowings on behalf of itself and its clients. The repo desk makes money by charging interest on typically very short term loans - 1 to 5 days.
by Abu Yahya September 28, 2010
Get the repo desk mug.(FINANCE) a mutual fund that trades in commodities or commodity derivatives. This can include commodity index funds.
Usually a commodity fund makes its returns by trading derivatives rather than the underlying commodity.
by Abu Yahya April 15, 2010
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