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University of Michigan
Industry: Education
Number of terms: 31274
Number of blossaries: 0
Company Profile:
An agreement to sell a security for a specified price and to buy it back later at another specified price. A repo is essentially a secured loan.
Industry:Economy
A currency that is used as international reserves, often because it is an intervention currency. See also seigniorage.
Industry:Economy
1. International reserves of a government or central bank. 2. Amounts held by commerical banks in their vaults or on deposit with the central bank as backing for deposits.
Industry:Economy
1. An input to be used in an activity, especially production. 2. A natural resource.
Industry:Economy
Action by a firm or group of firms to restrict entry by other firms, that is, to prevent other firms from selling their product or in their market. This is a restraint of competition and would normally be illegal under competition policy.
Industry:Economy
An arrangement in which currencies were pegged to each other but left free to float as a group against the U. S. Dollar. Named for the graph that the limits of variation of a currency would follow over time.
Industry:Economy
A U. S. -based nonprofit organization that develops and implements the SA8000 international workplace standards.
Industry:Economy
A provision in an international trade agreement that would link trade liberalization and labor standards. A social clause has been discussed but not adopted in the WTO. The implementation of GSP by both the EU and the US does include a social clause.
Industry:Economy
A curve showing the combinations of goods that, when available to a country, yield the same level of social welfare.
Industry:Economy
A function mapping allocations of goods to the individuals in an economy to a level of welfare for the economy as a whole. If it depends only on the levels of utility of the individuals rather than separately on the allocations, then it is a Bergsonian social welfare function.
Industry:Economy