Global Economy Meeting and Opex: Difference between pages

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imported>Doug Williamson
(Updated entry: Changed CPSS reference to past using formerly to remove date sensitivity, removed repetition 2nd para 2nd sentence, added internal links)
 
imported>Doug Williamson
(Create the page. Source: The Treasurer, September 2016, p21.)
 
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The Global Economy Meeting (GEM) is the principal discussion forum of central bank Governors during the regular [[Bank for International Settlements]] (BIS) bimonthly meetings.
'''Op'''erating '''Ex'''penditure.


The committee monitors and assesses developments in the world economy and the global financial system. It provides a forum for discussion and cooperation. It guides and receives reports from the Basel-based central bank committees: the [[Committee on the Global Financial System]] (CGFS), [[Committee on Payments and Market Infrastructures]] (CPMI) (formerly called the Committee on Payment and Settlement Systems (CPSS)) and the [[Markets Committee]].  
Opex is expenditure on items which are consumed, or whose benefits are otherwise enjoyed, in the short term, generally within the current financial reporting period.


The GEM comprises the Governors of 30 BIS member central banks in major advanced and emerging market economies that account for about four fifths of global GDP and meetings are observed by Governors from several other central banks.
Opex is contrasted with capital expenditure ('capex').




==See also==
== See also ==
* [[Central bank]]
* [[Capitalise]]
* [[Gross domestic product]]
* [[Capital expenditure]]
* [[Expenditure]]
* [[Revenue expenditure]]

Revision as of 15:11, 6 September 2016

Operating Expenditure.

Opex is expenditure on items which are consumed, or whose benefits are otherwise enjoyed, in the short term, generally within the current financial reporting period.

Opex is contrasted with capital expenditure ('capex').


See also