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Exchange rate protection |
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Exchange rate protectionThe manipulation of the exchange rate so as to increase the domestic prices of, and demand for, domestically produced goods. Since an undervalued currency stimulates demand for all domestically produced tradable goods, this form of protection, unlike tariff protection, can only be provided to the tradable sector as a whole, not to individual industries.Similar MatchesCall protectionCall protectionA feature of some callable bonds that establishes an initial period when the bonds may not be called. Court of protectionCourt of protectionAn office of the Supreme Court whose function is to manage and administer the property and affairs of people who, through mental disorder, are incapable of managing their own financial affairs. Fairness argument for protectionFairness argument for protectionThe view that it is unfair to force domestic firms to compete with foreign firms that have an advantage, either in terms of low wages or due to foreign government policies. This misinterprets economic activity as a game, the purpose of which is to win, rather than as a means of using limited resources to satisfy human needs. See level playing field. Retirement Protection Act of 1994Retirement Protection Act of 1994Legislation designed to protect the pension benefits of workers and retirees by increasing required support of pension plans by employers. Self-sufficiency argument for protectionSelf-sufficiency argument for protectionThe view that a country is better off providing for its own needs than depending on imports. It may be based on fear that war or foreign governments will interrupt imports. This is a second-best argument, since many policies could provide for that contingency without sacrificing all the gains from trade. Further SuggestionsSecurities Investor Protection Corporationloan protection policy Mortgage payment protection insurance (MPPI) Import protection Building Societies Investor Protection Scheme Second-best argument for protection Domestic distortions argument for protection Deposit Protection Scheme Effective rate of protection Employment argument for protection Cultural argument for protection Contingent protection Nominal rate of protection Protectionism Effective protection Payment protection insurance Patriotism argument for protection Content protection Noneconomic objectives argument for protection Externalities argument for protection Environmental protection argument for a trade intervention mortgage protection Investor Protection Scheme Tariff protection Foreign investment argument for protection |
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