What Was the Emergency Banking Act of 1933? The Emergency Banking Act of 1933 was a bill passed in the midst of the Great Depression that took steps to stabilize and restore confidence in the U.S. banking system. It came in the wake of a series of bank runs following the stock market crash of 1929.
What Is an Emerging Industry? An emerging industry is a group of companies in a line of business formed around a new product or idea that is in the early stages of development. An emerging industry typically consists of just a few companies and is often centered around new technology. Emerging industries frequently come into
What Is an Emerging Market Economy? An emerging market economy is the economy of a developing nation that is becoming more engaged with global markets as it grows. Countries classified as emerging market economies are those with some, but not all, of the characteristics of a developed market. Characteristics of developed markets may include strong
What Is an Emerging Market ETF? An emerging market ETF is an exchange-traded fund (ETF) that focuses on the stocks of emerging market economies, such as Latin America, Asia, and Eastern Europe. The underlying indexes tracked by emerging market ETFs vary from one fund manager to another, but all should be passively managed and contain
What Is an Emerging Market Fund? An emerging market fund refers to a fund that invests the majority of its assets in securities from countries with economies that are considered to be emerging. Funds that specialize in emerging markets range from mutual funds to exchange-traded funds (ETFs). These countries are in an emerging growth phase and
What Is the Emerging Markets Bond Index (EMBI)? The emerging markets bond index (EMBI) is a benchmark index for measuring the total return performance of international government and corporate bonds issued by emerging market countries that meet specific liquidity and structural requirements. Despite their increased riskiness relative to developed markets, emerging market bonds offer several
What Are E-Micro Forex Futures? E-Micro Forex Futures are a type of currency futures contract that is traded on CME Globex, an international trading platform that specializes in futures and options contracts. E-Micro Forex Futures are unique in that they are one-tenth the size of a standard forex futures contract. Key Takeaways E-Micro Forex Futures
What Is Emigration? Emigration is the relocation or process of people leaving one country to reside in another. People emigrate for many reasons, include increasing one’s chance of employment or improving quality of life. Emigration affects the economies of the countries involved in both positive and negative ways, depending on the current state of the
What Is an E-mini? The term E-mini refers to an electronically-traded futures contract that is a fraction of the size of a standard contract. E-minis are used to trade a variety of assets, such as commodities and currencies, but the most commonly traded assets using E-minis are indexes. The Chicago Mercantile Exchange (CME) launched the
Definition of Emirates Investment Authority (EIA) The Emirates Investment Authority (EIA) is a state-owned investment fund established in 2007 by the United Arab Emirates (UAE) government to seek investment opportunities domestically and internationally, and to focus on investments that will help to strengthen and diversify the economy of the UAE. Understanding the Emirates Investment Authority
