Government debt

cut-rate MEANING: sell for a price lower than usual EXAMPLE: We went to a cut-rate furniture store to buy some new furniture for our apartment.  deadbeat MEANING: person who never pays the money he owes EXAMPLE: Recently the government has been making an effort to solve the problem of deadbeat dads who don't support their families.  dime a dozen MEANING: easy to get and therefore of little value EXAMPLE: Used computers are a dime a dozen and have very little value

United States government to purchase assets from banks. TARP allows the United States Department of the Treasury to purchase up to $700 billion of "troubled" assets. "Troubled assets" are defined as "(A) residential or commercial mortgages (prêts hypothécaires) and any securities (titres) related to such mortgages In short, this allows the Treasury to purchase illiquid, difficult-to-value assets from banks and other financial institutions. The targeted assets can be collateralized debt obligations

piece of the bank. However, note that many investment banks are controlled by a handful of investors who own large slices of the available shares. Major investors in public or private investment banks could include other financial institutions, governments through sovereign wealth funds, wealthy individuals, family groupings, and even directors of the bank. Some smaller investment banks remain privately owned or are structured as partnerships. What do investment banks do for their clients? An

of professional managers who owned an insignificant share of the company. These 3 features (corporate gigantism, oligopolism, capital dilution) are important and need to be kept in mind. There are two forces in the US growth at that time: government spending and dynamic consumer market. The consumer market The auto industry is still expanding and among the consumer items that drive the economic activity you have air conditioning, refrigerator… which become massively available in the US

Dependency. The head of state is Queen Elisabeth II, who holds the title of Lord of Mann. The lord of Mann is represented by a lieutenant governor. The island is not part of the UK, but its foreign relations and defense are the responsibility of the UK Government. It is important to remember that Southern Ireland, also called Eire, is completely independent. The United Kingdom is the correct name to use to refer to the country in a political rather than in a geographical way. The UK is a political term

public funds: fonds publics. To subsidise: subventionner. Subsidies: subventions. The stock exchange/ market: la bourse. A shareholder: un actionnaire. A balance sheet : un bilan (comptable). Assets and liabilities: l'actif et le passif. Debt: dette. cf: to go into debt: s'endetter. Bad debts: créances douteuses. The exchange rate: le taux de change. The balance of payments: la bance des paiements. The dot-com bubble: la bulle internet. A double-dip recession: une rechute dans la récession. Prospects:

responds fast to increases in aggregate demand because capital and labor is unemployed. Factors presents in Keynesian’s growth model Aggregate Demand, AD – AD = C + I + G + X-M – C, Consumption expenditures – I, Investment expenditures – G, Government expenditures – X-M, Foreigners’ Expenditures Aggregate Supply – AS < ASfe – Aggregate Supply, at full employment Macroeconomic Equilibrium – AS = AD – Or – S = I A Keynesian growth model takes a long run perspective. – Aggregate demand

recherchons cependant une OAT d’une maturité de 3 ans qui correspond à la durée de notre étude.Par interpolation linéaire on retrouve que le taux actuariel sans risque avec une maturité de 3 ans est de 0.26%https://www.bloomberg.com/markets/rates-bonds/government-bonds/us?fbclid=IwAR2YqcJVfWW6xB7RtUmeDAeawkrzTPu3SsCDONmzkHJGUMrAaLKcjr2-lfQ b) La prime de risqueLa prime de risque est un supplément de rendement dont bénéficiera un investisseur afin de compenser le niveau de risque

dramatic destructions of a part of Europe and the human losses are limited. USA even acquired an excellent military scale. The maritime business peaked and New York supplanted London in the financial business. Most of the European countries are put into debt: the Americans demand the repayment of the ten billion lent dollars. However the American Senate refuses to participate in League of Nations and so renews with the intentions of the isolationism. As in Europe, years 1919-1920 are difficult in the

unstable. 1. c-Stages: The end to dollarization is a process of substitution. Reasoning by three main functions of money, the currency in question is gradually replacing the national currency, initially as a unit of account, that is to say through debt contracts (dollarization of assets and liabilities), prices and wages (real dollarization). It depends on the measure of agents and companies that have the capacity to influence by capturing dollarization currency through exports, which promotes the