Annexes
Abbreviations
AUDAustralian dollar
BRLBrazilian real
CBOCongressional Budget Office
CHFSwiss franc
CIS Commonwealth of Independent States
CLPChilean peso
CNYChinese yuanDefinitions
Carry-trade speculation is a strategy whereby an investor sells a currency that yields a relatively low interest rate (i.e. the so-called “funding currency”) and uses those funds to purchase short-term assets denominated in a different currency that yields a higher interest rate.
Commodities include food products, agricultural raw materials, minerals, ores and metals, and petroleum.
Commodity derivatives include futures and options contracts traded on organized exchanges, as well as forward, options and swaps contracts traded on OTC markets. A derivative is a financial asset, generally a contract between two or more parties, whose value is dependent upon or derived from one or more underlying assets, such as a commodity futures contract or a commodity index.
Explanatory notes
Economies, countries and country groups
The classifications of countries in this publication have been adopted solely for the purposes of analytical or statistical convenience and do not necessarily imply any judgement concerning the stage of development of a particular country or area. The term “economies" refers to regions, countries and territories.
There is no established convention for the designation of "developed" and "developing" countries or areas in the United Nations system. In common practice, Israel and Japan in Asia, Bermuda, Canada, Greenland, Saint Pierre et Miquelon, and the United States in North America, Australia and New Zealand in Oceania, and Europe are considered "developed" regions or areas. Transition economies refers to South-East Europe and the Commonwealth of Independent States (CIS). Developing countries includes all countries or territories not specified above.