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financial centre (G2)<br />A cluster of different financial institutions at one geographical location. The growth of population and business encouraged banking, insurance and other types of financing. The large amounts of capital required to conduct these institutions have inevitably led to mergers within the financial sector of the same or related types of institution, as well as the disproportionate growth of cities such as New York, London and Tokyo as financial centres.
impact multiplier (EO)<br />The impact on a national economy in a given year of the EXOGENOUS VARIABLES for that year and the ENDOGENOUS VARIABLES for prior years.<br /><em>Reference</em><br />Goldberger, A.S. (1959) Impact Multipliers and the Dynamic Properties of the KleinGoldberger Model, Amsterdam: NorthHolland.
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<strong>VA</strong> – Veterans Administration, now the Department of Veterans Affairs (DVA).
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