Cryptocurrency
Zero Lower Bound (ZLB)
Zero Lower Bound (ZLB)
The Zero Lower Bound (ZLB) refers to a situation in which central banks reduce their policy interest rates to or near zero. This typically occurs during economic crises or periods of economic stagnation when traditional monetary policy tools become ineffective in stimulating economic activity. Key characteristics of the ZLB include: Near-Zero Interest Rates: […]
Zero Interest Rate Policy (ZIRP)
Zero Interest Rate Policy (ZIRP) is a monetary policy approach in which a central bank sets its benchmark interest rate at or near zero percent. The primary goal of implementing ZIRP is to stimulate economic activity, encourage borrowing and spending, and combat deflationary pressures. ZIRP is typically employed during periods of economic downturn, financial crisis, […]
Yield Curve Control (YCC)
Yield Curve Control (YCC) is a monetary policy tool used by central banks to influence longer-term interest rates by targeting specific yields on government bonds across different maturities. The primary goal of YCC is to maintain a desired shape and level of the yield curve, effectively controlling the borrowing costs for businesses, households, and the […]
U.S. Department of the Treasury
The Department of the Treasury is a cabinet-level agency of the United States federal government. Its primary responsibility is to manage the financial affairs of the government, promote economic growth, and ensure the stability of the U.S. financial system. Here are some key functions and responsibilities of the Department of the Treasury: Economic […]
Treasury General Account (TGA)
The Treasury General Account (TGA) is a bank account held by the U.S. Department of the Treasury at the Federal Reserve Bank. It serves as the main operating account for the federal government, used for managing cash flows, making payments, and receiving deposits. The TGA plays a crucial role in the daily cash management […]
Treasuries
“Treasuries” refers to the treasury securities issued by the U.S. Department of the Treasury. These securities are debt instruments issued by the U.S. government and offer investors a low-risk investment option. Treasuries are issued by the U.S. government to meet its borrowing needs and finance public expenditures. These securities are offered in different maturities […]
Terminal Rate
Terminal Rate is a term used in financial markets, specifically in the context of monetary policy. It refers to the long-term equilibrium level that a central bank aims to achieve with its policy interest rate. Central banks often set a policy interest rate as a tool to achieve certain objectives such as stimulating economic […]
Standing Repurchase Agreement Facility (SRF)
The Standing Repurchase Agreement Facility (SRF) is a monetary policy tool used by the Central Bank of the Republic of Turkey (CBRT). The SRF is a mechanism that allows banks to obtain short-term funding from the CBRT. The SRF is used by the CBRT to regulate liquidity in the market and meet the liquidity […]
Stagflation
Stagflation is a term used to describe an economic condition characterized by simultaneous high inflation and stagnation. It is a combination of the words “stagnation” and “inflation”. Traditionally, inflation and stagnation are considered opposite economic conditions, but stagflation refers to the occurrence of both at the same time. Stagflation typically occurs during a period […]
Soft Peg
Soft peg is a monetary policy in which a country’s currency is fixed or maintained within a certain range against another currency. The objective of a soft peg is to keep the value of the country’s currency stable and limit exchange rate fluctuations. The soft peg policy is typically implemented through intervention by the […]
