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Urbarium also Urbar (rental, rent-roll)
on
2023/07/21 by
alex1, []
In earlier times, a register of the revenues of the manor with a list of duties (levies, fiefs; soc(c)ages), often covering long periods of time, and a list of the serfs (villeins) liable to pay taxes. For economic history in general and for financial history in particular, the Urbarien with their diverse records are a […]
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VAR model (vector autoregressive model)
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2023/07/21 by
alex1, []
Econometric simulation of all effects of interest rate changes, first on the money market and then on other economic variables. The aim is to obtain reliable impulse-response functions from which the likely impact of a central bank policy measure can be determined in advance. – See book credit, key data, macroeconomic, equilibrium models, dynamic-stochastic, models, […]
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Constructive vagueness
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2023/07/21 by
alex1, []
Term from the central bank’s vocabulary. In this case, the central bank explains and justifies measures. However, it does not comment on the details so as not to send the wrong signals to market participants. – In the wake of the Greek crisis, for example, the ECB announced in summer 2010 that it had purchased […]
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Lendings to companies
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2023/07/21 by
alex1, []
Loans granted by a country’s banks to companies. These are reported to the central banks and monitored by the ECB under the two-pillar principle. – The share of loans to companies as a percentage of gross domestic product. In 2004, this rate was 70 percent for the United Kingdom, 56 percent for Germany and Japan, […]
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Urukagina principle
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2023/07/21 by
alex1, []
„Pay in best money!“; decree of the Sumerian (Sumer = an ancient country of southern Mesopotamia in present-day southern Iraq; the Sumerians are believed to have invented the cuneiform: the wedgeshaped system of writing) Urukagina around 2500 BC. The Urukagina, around 2500 B.C., instructed the (foreign trade) merchants to pay in Kurant coin – practically […]
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Floating rate instrument
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2023/07/21 by
alex1, []
Financial instrument for which the interest rate is reset at regular intervals on the basis of a reference index and thus adjusted to changes in short- or medium-term market interest rates (any category of debt instrument [such as a loan, bond, mortgage, or credit] that ensures not a fixed rate of interest over the lifespan […]
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Ungoods (bads)
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2023/07/21 by
alex1, []
Goods and services which – to the individual and – thus always also to society – cause harm now, i.e. immediately – or later, after some time. – However, it is completely wrong to include money among the bads, as is often done. For money is a certificate of entitlement to goods of every kind; […]
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Uncertainty
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2023/07/21 by
alex1, []
In general, doubt with regard to the occurrence of expected circumstances; incertitude: doubt as a state of being unsure of something; lack of clarity. – In economics, in particular, a danger in which – the distribution of the consequences of possible actions is unknown and – therefore cannot ultimately be satisfactorily calculated mathematically – and […]
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Corporate takeover (buy-out, buyout)
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2023/07/21 by
alex1, []
The incorporation of one company into another (the purchase of controlling majority in one company by another firm, in order to take over assets and/or operations) – See Mergers and Acquisitions, Deadwood, Takeover Offer. – Cf. Annual Report 2012 of BaFin, p. 196 f. (EU Takeover Directive; individual cases, p. 199: decisive offer conditions) as […]
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V-Institutions (v-institues)
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2023/07/21 by
alex1, []
In the language of the supervisory authority, the group of factoring and leasing companies. – Cf. Annual Report 2012 of BaFin, p. 157 f. (designation; composition of the group, supervisory action). Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, […]
