|
|
Balance of payments adjustment mechanism |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Balance of payments adjustment mechanismAny process, especially any automatic one, by which a country with a payments imbalance moves toward balance of payments equilibrium. Under the gold standard, this was the specie flow mechanism.Similar MatchesStructural adjustmentStructural adjustmentThe reallocation of resources (labor and capital) among sectors of the economy in response to changing economic circumstances, including trading conditions, or changes in policy. Adjustment dateAdjustment dateThis is the date on which the interest rate changes for a variable rate mortgage. Adjustment assistanceAdjustment assistanceGovernment program to assist those workers and/or firms whose industry has declined, either due to competition from imports (trade adjustment assistance) or from other causes. Such programs usually have two (conflicting) goals: to lessen hardship for those affected and to help them change their behavior -- what, how, or where they produce. Marshallian adjustmentMarshallian adjustmentA market adjustment mechanism in which quantity rises when demand price exceeds supply price and falls when supply price exceeds demand price. Structural adjustment programStructural adjustment programThe list of budgetary and policy changes required by the IMF and World Bank in order for a developing country to qualify for a loan. This "conditionality" typically includes reducing barriers to trade and capital flows, tax increases, and cuts in government spending. Further Suggestionshigher rate adjustmentAdjustment bond Border tax adjustment Walrasian adjustment Adjustment mechanism International adjustment process Trade adjustment assistance Cumulative Translation Adjustment (CTA) account |
|
|
|