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convergence of interest rates

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  • Convergence criteria — (also known as the Maastricht criteria) are the criteria for European Union member states to enter the third stage of European Economic and Monetary Union (EMU) and adopt the euro. The four main criteria are based on Article 121(1) of the… …   Wikipedia

  • convergence — A term referring to cash and futures prices tending to come together ( i.e., the basis approaches zero) as the futures contract nears expiration. Chicago Board of Trade glossary The coming together of futures prices and cash market prices on the… …   Financial and business terms

  • Convergence — The movement of the price of a futures contract toward the price of the underlying cash commodity. At the start, the contract price is higher because of the time value. But as the contract nears expiration, the futures price and the cash price… …   Financial and business terms

  • Convergence Criteria —   The conditions which will make a Member State eligible for incorporation into Economic and Monetary Union(EMU), relating to price stability, budget deficit, government debt, currency stability, and interest rates …   Glossary of the European Union and European Communities

  • convergence — /kən vɜ:dʒəns/ noun 1. a situation where the economic factors applying in two countries move closer together, e.g. when basic interest rates, or budget deficits become more and more similar 2. a situation where the price of a commodity on the… …   Dictionary of banking and finance

  • Euro convergence criteria — Convergence criteria redirects here. For the mathematical term, see Series (mathematics)#Convergence criteria. Euro adoption by EU member states v · d · e …   Wikipedia

  • Convergence (economics) — The idea of convergence in economics (also sometimes known as the catch up effect) is the hypothesis that poorer economies per capita incomes will tend to grow at faster rates than richer economies. As a result, all economies should eventually… …   Wikipedia

  • Spain — /spayn/, n. a kingdom in SW Europe. Including the Balearic and Canary islands, 39,244,195; 194,988 sq. mi. (505,019 sq. km). Cap.: Madrid. Spanish, España. * * * Spain Introduction Spain Background: Spain s powerful world empire of the 16th and… …   Universalium

  • United Kingdom — a kingdom in NW Europe, consisting of Great Britain and Northern Ireland: formerly comprising Great Britain and Ireland 1801 1922. 58,610,182; 94,242 sq. mi. (244,100 sq. km). Cap.: London. Abbr.: U.K. Official name, United Kingdom of Great… …   Universalium

  • Economic Affairs — ▪ 2006 Introduction In 2005 rising U.S. deficits, tight monetary policies, and higher oil prices triggered by hurricane damage in the Gulf of Mexico were moderating influences on the world economy and on U.S. stock markets, but some other… …   Universalium

  • Arbitrage — For the upcoming film, see Arbitrage (film). Not to be confused with Arbitration. In economics and finance, arbitrage (IPA: /ˈɑrbɨtrɑːʒ/) is the practice of taking advantage of a price difference between two or more markets: striking a… …   Wikipedia

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