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European Systemic Risk Council (ESRC)

Definition:

A supra-national structure established to deal with cross-border aspects of financial stability in Europe post finanical crisis in 2008. ESRC monitors systemic risks (supervise the macro-prudential system) and address them through coordinated policy responses from EU member states.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Price range

The interval between the high and low prices over which a stock has traded over a particular period of time.

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