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University of Michigan
Industry: Education
Number of terms: 31274
Number of blossaries: 0
Company Profile:
A loan on which the borrower has ceased to make payments.
Industry:Economy
A lending facility in the IMF established in 1952 for financing short-term payments difficulties.
Industry:Economy
A bank owned by government, other than the central bank, and performing the same functions as a commercial bank. State banks are often directed by their governments to provide credit to activities or persons favored by the government. copy and paste
Industry:Economy
A system in which government plays a large and active role in the economy, owning large enterprises and using their influence in markets for political rather than purely economic ends.
Industry:Economy
A firm owned by government. Relations between SOEs and private firms on international markets raise special problems for GATT, since SOEs may not respond normally to market forces and their actions may reflect government policies.
Industry:Economy
1. Said of an estimated parameter if it is sufficiently different from zero, relative to an estimate of its probability distribution, that the probability of the actual parameter being zero is below some small threshold, such as 5%. 2. An estimate that is more than twice, in absolute value, its standard error.
Industry:Economy
A type of equilibrium, especially in a neoclassical growth model, in which those variables that are not constant grow over time at a constant and common rate.
Industry:Economy
1. A share in the ownership of a corporation. 2. A stock, or stock variable, is an economic magnitude that describes a quantity that exists at a point in time. Examples include a country's international reserves, a consumer's wealth, and a country's labor force. Contrasts with a flow.
Industry:Economy
1. A permanent change in the structure of an economy, such as a shift in preferences or technology, that causes a permanent change in relative sizes of various industries and a consequent reallocation of labor among them. 2. In econometric time series, a change at some time in the parameters that generate the series.
Industry:Economy
A firm that is owned and ultimately controlled by another firm. Thus a multinational corporation has a parent in once country and one or more subsidiaries in others.
Industry:Economy
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