MACROECONOMIC STABILIZATION FUND - FEM
A reserve fund created by Venezuela to save the national economy from huge fluctuations of revenue, caused by price changes of the country’s main commodity. This was established as per advice of the International Monetary Fund. Also known as the Fund for Investment of Macroeconomic Stabilization or FEM, it aims to stabilize the cash flow generated from oil production. It receives all monies earned from oil production above a particular price per barrel and pays out the difference if the price falls below this level.
FEM is governed by the Board of the Central Bank of Venezuela.
POPULAR TERMS
Medicare Wages
An individual’s earnings which are subject to US payroll tax known as Medicare tax. Like the other US payroll tax, Medicare tax is used to su ...
Bear Put Spread
When an option trader is anticipating for a diminish in the price of the underlying asset, they use a kind of options tactics which is called bear ...
SOSLP
Senior Loan Officer Opinion Survey on Bank Lending Practices (SOSLP) is a survey accomplished quarterly by 75 banks composed of 53 domestic and 23 ...
Bond Futures
Contract requiring the holder to buy or sell a bond at a specified date and price. It can be acquired in the futures exchange market but is inheren ...
Inter-American Development Bank - IDB
Cooperative development bank that develops the economic situation and social health of its Latin American and Caribbean member countries. Owned by ...
POPULAR ARTICLE
SEE FOREX TUTORIAL
Students, How Much Can You Afford to Borrow?
You are about to finish high school. The financial aid office of the university you are considering gave you a financial aid. You are also qualifie ...
Principles of Trading: Introduction
Trading is an active participation in the financial markets. Those who partake in buy-and-hold investing are called traders. Also called market pla ...
Choosing Your Bank
Now that you’ve learned the basics of banking and the importance of it, you are now ready to put your money in a bank. But which bank should ...
Do I Need to Move Out or Renovate My House?
Before deciding whether to move our or remodel your home, you need to consider some other factors.
Emotional Attachments. You&rs ...
Principles of Trading: Risk Management
It is imperative for traders to master risk management, which includes knowing how much you could lose per trade or over time and evaluating the pe ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 20:00 | Federal Budget Balance | Jun | |
| 00:00 | NZIER Business Confidence | 2 quarter | |
| 00:45 | Visitor Arrivals | May | |
| 01:01 | BRC Retail Sales Monitor | Jun | |
| 02:30 | Westpac Consumer Sentiment | Jul | |
| 03:30 | NAB Business Confidence | Jun | |
| 04:31 | Trade Balance | Jun | |
| 06:30 | Industrial Production | May | |
| 08:00 | Wholesale Price Index | Jun |
