European Central Bank (ECB)

The Central Bank for the new European Monetary Union.

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European Union (EU)
The European Union (EU) is a union of twenty-five independent states based on the European Communities and founded to enhance political, economic and social co-operation. The union was formerly known as the European Community (EC) and European Economic Community (EEC).

The common currency in the EU is the euro (EUR. Still, some countries have chosen to stay outside the European Monetary Union.

At the moment, the 25 member states are:
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Multifactor CAPM

A version of the capital asset pricing model derived by Merton that includes extramarket sources of risk referred to as factor.


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