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Thus, interest rates were relatively high (Helibor ca. 10–15% [3]), the so-called Suomi-lisä "Finland surcharge" versus foreign less regulated markets. In the early 1980s the financial market was mostly deregulated, leading to a massive credit expansion largely based on foreign debt.
The markka was added into the ERM system in 1996 and then became a fraction of the euro in 1999, with physical euro money arriving later in 2002. It has been speculated that if Finland had not joined the euro, market fluctuations such as the dot-com bubble would have reflected as wild fluctuations in the price of the markka.
Human capital or human assets is a concept used by economists to designate personal attributes considered useful in the production process. It encompasses employee knowledge, skills, know-how, good health, and education. [1] Human capital has a substantial impact on individual earnings. [2]
According to the OECD, Finland's job market is the least flexible of the Nordic countries. [67] Finland increased job market regulation in the 1970s to provide stability to manufacturers. In contrast, during the 1990s, Denmark liberalised its job market, Sweden moved to more decentralised contracts, whereas Finnish trade unions blocked many ...
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A high-income economy is defined by the World Bank as a country with a gross national income per capita of US$14,005 or more in 2023, calculated using the Atlas method. [1] ...
Money market funds aren’t going to make you rich, but they will provide a small return in a low-risk way, making them a good fit for retirees and those saving for short-term goals or building an ...
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