Global Economics

noun a unit of currency in Japan, equal to 100 sen

• The cost of the new equipment is 100,000 yen.
• I only have a few yen left in my wallet.
• I need to save up some yen before I can go on vacation.
• Her love for him is worth more than a million yen.

noun A taper tantrum refers to a situation where there is a sudden and sharp increase in long-term interest rates, leading to a sell-off in the bond market.

• The central bank's decision to raise interest rates sparked a taper tantrum in the financial markets.
• Investors threw a taper tantrum when they heard about the potential rate hike.
• The taper tantrum caused a lot of chaos among traders and investors.
• The sudden announcement led to a taper tantrum, with everyone scrambling to adjust their portfolios.

noun a combination of the words 'low' and 'inflation', referring to a period of low inflation rates

• The central bank is closely monitoring the phenomenon of lowflation in the economy.
• People are starting to worry about lowflation because it could affect their purchasing power.
• Lowflation is when prices stay low, but it's not necessarily a good thing for everyone.
• In the current economic climate, lowflation is like walking a tightrope - it can be precarious if not managed carefully.

noun the process of adopting or using the US dollar as the official currency of a country

• The process of dollarization involves a country adopting the US dollar as its official currency.
• Dollarization is when a country starts using the US dollar instead of their own currency.
• Some people believe that dollarization is a way for countries to stabilize their economies.
• In the world of finance, dollarization is seen as a way to attract foreign investment.

noun a measure of purchasing power parity between two currencies based on the price of a Big Mac sandwich in each country

• The Big Mac Index is a tool used by economists to compare the purchasing power of different currencies.
• Have you heard of the Big Mac Index? It's a fun way to see how expensive countries are.
• The Big Mac Index is like the currency cheat code for travelers.
• The Big Mac Index is like a global economic snapshot through the lens of a fast food burger.

noun a blend of the words 'Greek' and 'economics', referring to the economic situation or policies of Greece

• The study of Greekonomics involves analyzing the economic policies and practices of Greece.
• Have you heard about Greekonomics? It's all about how Greece manages its money.
• Greekonomics is like trying to make a souvlaki out of a gyro - it just doesn't add up!
• Navigating the complexities of Greekonomics is like solving a puzzle with missing pieces.