Economics/Glossary: Difference between revisions

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{{subpages}}
:''(more specialised glossaries are available on the Related Articles subpages of other economics articles)''
<small>
{{TOC|right}}
==A==
{{r|Adverse selection}}
{{r|Applied statistics}}
{{r|Arbitrage}}
{{r|Asymmetric information}}
{{r|Automatic stabilisers}}
==B==
{{r|Bad bank|"Bad bank"}}
{{r|Banking panic}}
*&nbsp;Base money - see Monetary base
{{r|Basis point}}
{{r|Beta (finance)|Beta}}
{{r|Bill (finance)}}
{{r|Bill of Exchange}}
{{r|Bond (finance)}}
{{r|Broad money}}
{{r|Broker}}
{{r|Bubble (economics)}}
{{r|Budget balance}}
{{r|Budget deficit}}
==C==
{{r|Capital (banking)}}
{{r|Carry trading}}
*&nbsp;CDS - see Credit Default Swap
{{r|CDS spread}}
{{r|Central Bank}}
{{r|Commercial bank}}
{{r|Commercial paper}}
{{r|Complex interactive system}}
{{r|Contagion (banking)}}
{{r|Consumer surplus}}
{{r|Corporation}}
{{r|Cost_of_capital}}
{{r|Covariance}}
{{r|Covered bond}}
{{r|Credit crunch}}
{{r|Credit default swap}}
{{r|Credit easing}}
{{r|Credit risk}}
{{r|Crowding out}}
{{r|Currency board}}
{{r|Cyclically-adjusted budget deficit}}
==D==
{{r|Debt_instrument}}
{{r|Debt trap}}
{{r|Deflation}}
{{r|Deleveraging}}
{{r|Derivative (finance)|Derivative}}
{{r|Direct investment}}
{{r|Discount window}}
{{r|Discount_rate}}
==E==
{{r|Economic rent}}
{{r|Efficient market hypothesis}}
{{r|Exchange rate protectionism}}
{{r|Externality}}
==F==
{{r|Fallacy of composition (economics)}}
{{r|Fiat money}}
{{r|Financial asset}}
{{r|Financial_Intermediary}}
{{r|Financial_regulator}}
{{r|Fiscal}}
{{r|Fiscal policy}}
{{r|Fiscal gap}}
{{r|Fiscal stimulus}}
{{r|Fiscal sustainability}}
{{r|Fractional reserve banking}}
{{r|Freddie Mac}}
{{r|Full employment deficit}}
==G==
{{r|Generational accounts}}
{{r|Great moderation}}
==H==
{{r|Hedging}}
{{r|Hedge fund}}
{{r|Herding (finance)}}
{{r|Hicks-Hansen model}}
{{r|High-powered money}}
==I==
{{r|Impossibility theorem}}
{{r|Insolvency}}
{{r|Interbank market}}
{{r|Interest rate risk}}
{{r|Internal rate of return}}
{{r|Investment bank}}
{{r|IS-LM model}}
==J,K,L==
{{r|Kaldor-Hicks criterion}}
{{r|Kurtosis}}
{{r|Learning curve}}
{{r|Lender of last resort}}
{{r|Leverage}}
{{r|LIBOR}}
{{r|Liquidity}}
{{r|Liquidity trap}}
==M==
{{r|Margin account}}
{{r|Margin call}}
{{r|Market power}}
{{r|Market risk}}
{{r|Means test}}
{{r|Monetary base}}
{{r|Monetisation (of public debt)}}
{{r|Money market}}
{{r|Money supply}}
{{r|Moral hazard}}
{{r|Multiplier effect}}
==N==
{{r|National debt}}
{{r|National Debt - Maastricht definition}}
{{r|Net present value}}
{{r|Normal distribution}}
==O==
{{r|Option}}
{{r|Output gap}}
==P,Q==
{{r|Pareto efficiency}}
{{r|Portfolio (finance)}}
{{r|Portfolio insurance}}
{{r|Poverty trap}}
{{r|Price flexiblity}}
{{r|Primary budget deficit}}
{{r|Prime rate}}
{{r|Protection}}
{{r|Public choice theory}}
{{r|Public expenditure}}
{{r|Public sector}}
{{r|Quantitative easing}}
{{r|Qualitative easing}}
==R==
{{r|Random_walk}}
{{r|Recession (economics)}}
{{r|Redemption yield}}
{{r|Rent-seeking}}
{{r|Repurchase agreement}}
{{r|Reserve ratio}}
{{r|Ricardian equivalence}}
{{r|Risk premium}}
{{r|Run (banking)}}
==S==
{{r|Sacrifice ratio}}
{{r|Securitisation}}
{{r|Selling short}}
{{r|Shadow banking system}}
{{r|Sharpe ratio}}
{{r|Skewness}}
{{r|Social choice theory}}
{{r|Sovereign default}}
{{r|Sovereign spread}}
*&nbsp;Spread - see Yield spread
{{r|Standard deviation}}
{{r|Standardised budget deficit}}
{{r|Structured investment vehicle}}
{{r|Subprime mortgage}}
{{r|Supply-side measures}}
{{r|Swap contract}}
{{r|Systemic failure (finance)}}
{{subpages}}
{{subpages}}
:''(more specialised glossaries are available on the Related Articles subpages of other economics articles)''
:''(more specialised glossaries are available on the Related Articles subpages of other economics articles)''

Revision as of 08:31, 19 January 2010

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Glossary [?]
 
Glossary of terms related to Economics.
(more specialised glossaries are available on the Related Articles subpages of other economics articles)

A

  • Adverse selection [r]: a partial market failure that occurs when there are traders who take advantage of asymmetric information, raising uncertainty and leading to a reduction in the value of its products. [e]
  • Applied statistics [r]: the practice of collecting and interpreting numerical observations for the purpose of generating information. [e]
  • Arbitrage [r]: transactions to take advantage of a price differences of a product in different markets by buying where it is cheap and selling where it is dear. The possibility of arbitrage often prevents the occurrence of price differences. [e]
  • Asymmetric information [r]: a situation in which a seller has information that is not available to potential buyers - or vice-versa. [e]
  • Automatic stabilisers [r]: the tendency in times of falling economic activity for the government spending to rise, and for tax receipts to fall - and the reverse tendency in times of rising economic activity [e]

B

  • "Bad bank" [r]: A subsidiary, or separate corporation, created to hold and manage non-performing assets transferred to it by a rescued bank. [e]
  • Banking panic [r]: A widespread fear of insolvency because of uncertainty concerning the true value of banking assets. [e]
  •  Base money - see Monetary base
  • Basis point [r]: (bp) one hundredth of a percentage point . [e]
  • Beta [r]: A measure of the degree to which the rate of return of a share tracks that of the equity market as a whole (defined as the covariance between the share's rate of return and the average market rate, divided by the variance of the market rate). If beta = 1 the share's rate of return moves in line with the market rate; if it is negative, it falls when the market rate rises. [e]
  • Bill (finance) [r]: {a) A loan with a duration of no more than a year (b)a documentary record of short-term indebtedness. [e]
  • Bill of Exchange [r]: A written order to pay the holder a stated sum of money at a stated date (otherwise known as a "draft", the person who is paid being termed the "drawer"). [e]
  • Bond (finance) [r]: a fixed-interest security issued by governments, companies, banks and others. [e]
  • Broad money [r]: cash, current account deposits in banks and other financial institutions, savings deposits and time-restricted deposits (see also high-powered money). [e]
  • Broker [r]: Individual or firm that provides investment advise to clients and executes their buying and selling instructions, usually by acting as a market maker. [e]
  • Bubble (economics) [r]: A surge in prices that raises expectations of further increases, so generating further increases: a process that continues until confidence falters, the bubble "bursts" and prices rapidly revert to an objectively-based level. [e]
  • Budget balance [r]: the difference between a central government's revenue and its expenditure in a given financial year. Conventions differ concerning the items that are included, and various cyclical adjustments can be made to identify its discretionary element.. [e]
  • Budget deficit [r]: the excess of a government's expenditures over its receipts. See also cyclically-adjusted budget deficit [e]

C

D

E

F

G

H

I

J,K,L

M

N

O

P,Q

R

S

T,U,V,W,X,Y,Z