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federal funds (E5)<br />The reserve deposits of banks and other financial institutions of the USA held in a FEDERAL RESERVE BANK. Since these deposits earn no interest, banks want to minimize the size of their holdings and increase their investment in assets, e.g. loans, which will increase their profitability.
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market structure (L1)<br />1 The organizational form of a market.<br /> 2 The number of firms, buyers and products related to each other. The principal structures are competitive, oligopolistic and monopolistic. The structure has a major effect on the freedom of a firm to make economic decisions and also affects the level of product prices. Such structures form a continuum differing from each other by the degree of concentration in that market.<br /><em>See also:</em> duopoly; monopolistic competition; oligopoly; perfect competition
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generational accounting (H6)<br />The construction of accounts showing the taxes paid less transfer payments received over a person's lifetime in order to execute long-term fiscal planning and analysis. Lifetime net fiscal burdens are calculated by summing the net taxation of all generations living at a point in time. In most major OECD countries, often in central banks or treasuries, these accounts are produced. This analysis examines the fiscal burden on future generations created by current policies to see if they are sustainable and achieving a balance in the fiscal burden between generations. At the end of the 1990s the USA, Germany and Japan had serious generational imbalances.<br /> <br /><em>Reference</em><br />Kotlikoff, L.J. (1992) Generational accounting, New York: Free Press. generative city (R1)<br />A city whose existence and growth are a major cause of the growth of a region. The best example in most countries is the capital city.<br /><em>See also:</em> parasitic city
European Economic Community (FO)<br />A cusToMs UNION of Western Europe, also known as the Common Market. It was founded by the Treaty of Rome in 1958 when France, West Germany, Italy, Belgium, the Netherlands and Luxemburg agreed to enter into a customs union with a common external tariff, mobility of labour and capital between the nation states, and a COMMON AGRICULTURAL POLICY. In 1967 its institutional structures were merged with those of the European Coal and Steel Community and the European Atomic Energy Community to form the common institutions of the EUROPEAN coMMUNITY.
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