- Industry: Education
- Number of terms: 31274
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A currency that is not widely accepted in exchange for other currencies, in contrast to a hard currency.
Industry:Economy
A pegged exchange rate without a strong commitment by the central bank to allow the money supply to vary as necessary to maintain it. A soft peg is particularly subject to speculative attack, and therefore is unlikely to be sustainable.
Industry:Economy
A trade dispute between the U. S. And Canada that has extended over many years. Canada's forest land is mostly owned by provincial governments, which charge a "stumpage fee" for lumber companies to harvest trees. The U. S. Claims that this fee is too low and constitutes an illegal subsidy.
Industry:Economy
A particular specification of technological change or technological difference that is capital augmenting.
Industry:Economy
A measure of technological progress equal to the difference between the rate of growth of output and the weighted average of the rates of growth of capital and labor, with factor income shares as weights. Due to Solow (1957). Also called the growth of total factor productivity. Used to compare sources of growth across countries.
Industry:Economy
Ability of a borrower to make required payments on debt. For a person or firm, lack of solvency, or insolvency, usually leads to bankruptcy. For a government, no facility for bankruptcy exists, so insolvency leads either to default and consequent loss of the ability to borrow, or to bailout by another government or international financial institution.
Industry:Economy
A currency that is responsibly managed so as to avoid excessive inflation.
Industry:Economy
A framework proposed by the IMF for permitting countries facing financial crises to restructure their debts in an orderly manner and minimally disruptive manner, analogous to bankruptcy for a private debtor.
Industry:Economy
A country or region's power and ability to rule itself and manage its own affairs. Some feel that memberships in international organizations such as the WTO are a threat to their sovereignty.
Industry:Economy
An administrative procedure that is required as a condition of entry for an imported good, such as transport by the importing country's national fleet, or entry through a specific port or customs station.
Industry:Economy
