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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 MatchesImport protectionImport protectionSee protection. 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. 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. Cultural argument for protectionCultural argument for protectionThe view that imports undermine a country's culture and identity -- for example by changing consumption patterns to ones more similar to those abroad, or by reducing demands for domestically produced art and music -- and therefore that imports should be restricted. Domestic distortions argument for protectionDomestic distortions argument for protectionSee second best argument. Further SuggestionsContent protectionEndogenous protection Administered protection Protectionism Externalities argument for protection National defense argument for protection Labor standards argument for protection Second-best argument for protection Noneconomic objectives argument for protection Contingent protection Patriotism argument for protection mortgage protection Environmental protection argument for a trade intervention Payment protection insurance Securities Investor Protection Corporation Investor Protection Scheme Intellectual property protection home responsibilities protection Employment argument for protection Domestic content protection loan protection policy Foreign investment argument for protection Tariff protection Labor standards argument for protection Actual protection rate |
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