Balance of payments adjustment mechanism
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.
Structural adjustment programStructural adjustment program
The 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.
Walrasian adjustmentWalrasian adjustment
A market adjustment mechanism in which price rises when there is excess demand and falls when there is excess supply. Strictly speaking, these excess supplies and demands are those that would obtain without any history of disequilibrium, as with a Walrasian auctioneer.
Adjustment assistanceAdjustment assistance
Government 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 adjustment
A market adjustment mechanism in which quantity rises when demand price exceeds supply price and falls when supply price exceeds demand price.
Adjustment dateAdjustment date
This is the date on which the interest rate changes for a variable rate mortgage.
Further SuggestionsBorder tax adjustment
higher rate adjustment
International adjustment process
Trade adjustment assistance
Cumulative Translation Adjustment (CTA) account