- Industry: Education
- Number of terms: 31274
- Number of blossaries: 0
- Company Profile:
A market for exchange (of currencies, in the case of the exchange market) in the future. That is, participants contract to exchange currencies, not today, but at a specified calendar date in the future, and at a price (exchange rate) that is agreed upon today.
Industry:Economy
A theoretical construct in game theory in which players select actions or strategies and the payoffs depend on the actions or strategies of all players.
Industry:Economy
A measure of income inequality within a population, ranging from zero for complete equality, to one if one person has all the income. It is defined as the area between the Lorenz Curve and the diagonal, divided by the total area under the diagonal.
Industry:Economy
An allocation that is better, by some criterion, than all others possible; optimum optimorum.
Industry:Economy
A project based at Purdue University, providing a data base and CGE modeling tools for analysis of global trade.
Industry:Economy
A subscription service that describes itself as "the leading supplier of international merchandise trade data. "
Industry:Economy
1. The increasing world-wide integration of markets for goods, services and capital that began to attract special attention in the late 1990s. 2. Also used to encompass a variety of other changes that were perceived to occur at about the same time, such as an increased role for large corporations (MNCs) in the world economy and increased intervention into domestic policies and affairs by international institutions such as the IMF, WTO, and World Bank. 3. Among countries other than the United States, especially developing countries, the term sometimes refers to the domination of world economic affairs and commerce by the United States.
Industry:Economy
A monetary system that sought to restore features of the Gold Standard in the 1920s and again in the Bretton Woods System, while economizing on gold. Instead of money being backed directly by gold, central banks issued liabilities against foreign currency assets (mostly U. S. Dollars under Bretton Woods) that were in turn backed by gold.
Industry:Economy
A monetary system in which both the value of a unit of the currency and the quantity of it in circulation are specified in terms of gold. If two currencies are both on the gold standard, then the exchange rate between them is approximately determined by their two prices in terms of gold.
Industry:Economy
