Zero Coupon Bond
A bond that does not provide any interest payments. The bond is first sold at a price lower than its redemption value.
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Zambian Kwacha (ZMW)
The Zambian kwacha serves as the official currency of Zambia, abbreviated as “ZMW.” It functions as the primary medium of exchange within the country and is the sole legal tender, regulated by the Bank of Zambia.
Zero Interest Rate Policy (ZIRP)
ZIRP, or "zero interest rate policy," is a macroeconomic term that refers to a situation where nominal interest rates are extremely low. This occurs when a country's central bank sets its short-term benchmark interest rates at 0%.
Zero Lower Bound (ZLB)
The zero lower bound (ZLB) occurs when the short-term nominal interest rate is at or close to zero, leading to a liquidity trap and restricting the central bank's ability to promote economic growth. Essentially, it signifies a point where interest rates cannot decrease any further below 0%.
ZEW Financial Market Survey
The ZEW Financial Market Survey assesses the sentiment of institutional investors by measuring the difference between the proportion of optimistic investors and the proportion of pessimistic analysts.
ZEW Indicator of Economic Sentiment
The ZEW Indicator of Economic Sentiment is a key economic measure that assists traders and policymakers in assessing the economic outlook for Germany and the eurozone. It is derived from a monthly survey of financial market experts. By evaluating the sentiments of these experts, the ZEW Indicator offers insights into the anticipated trajectory of economic growth.
Zimbabwean Dollar (ZWD)
The Zimbabwean dollar served as the official currency of Zimbabwe until 2009. It was abbreviated as “ZWD” and functioned as a medium of exchange within the country. However, due to hyperinflation and economic instability, the currency was ultimately discarded and replaced by a multi-currency system.