Terms of Trade: Glossary of International Economics by Alan V Deardorff

By Alan V Deardorff

Have you puzzled what a time period in overseas economics capability? this beneficial reference e-book deals a thesaurus of phrases in either foreign exchange and foreign finance, with emphasis on monetary concerns. it truly is meant for college students getting their first publicity to overseas economics, even supposing complicated scholars also will locate it important for a few of the extra vague phrases that they have got forgotten or by no means encountered. along with an intensive word list of phrases, there's a photo gallery of diagrams used to give an explanation for key ideas corresponding to the Edgeworth construction field and the supply Curve Diagram in overseas economics. This part is by means of a number of lists of phrases that happen much in foreign economics, grouped through topic to aid clients locate phrases that they can not keep in mind. sooner than the bibliography is a piece at the origins of phrases in overseas economics which documents what the writer has been capable of know about the origins of a few of the phrases utilized in overseas economics. it is a must-have moveable thesaurus in overseas exchange and overseas economics!

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Additional resources for Terms of Trade: Glossary of International Economics

Sample text

B • 27 When those expectations cease, the bubble bursts and the price falls rapidly. Bubble economy Term for an economy in which the presence of one or more bubbles (page 26) in its asset markets is a dominant feature of its performance. Japan was said to be a bubble economy in the late 1980s. Budget constraint 1. For an individual or household, the condition that income equals expenditure (in a static model (page 257)), or that income minus expenditure equals the value of increased asset holdings (in a dynamic model (page 78)).

It went into effect in 1994, replacing a preferential 42 • Terms of Trade: Glossary of International Economics trade area that had begun in 1982, with the aim of forming a free trade area (page 113) by 2000 and achieving other trade liberalization and transport facilitation over a period of 16 years. Common tangent A straight line that is tangent to two or more curves. Used in the Lerner diagram (page 369). Commonwealth of Independent States An organization formed in 1991 of the nations that had been part of the USSR.

The degree of capital mobility depends on government policies restricting or taxing capital inflows (page 32) and/or outflows (see below), plus the risk (page 238) that investors in one country associate with assets in another. Capital movement Capital inflow (page 32) and/or outflow (see below). Capital outflow A net flow of capital, real and/or financial, out of a country, in the form of reduced holdings of domestic assets by foreigners and/or increased holdings of foreign assets by domestic residents.

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