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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 MatchesSelf-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. Mortgage payment protection insurance (MPPI)Mortgage payment protection insurance (MPPI)An MPPI policy pays your mortgage for you if you become unable to work for an extended period of time, as a result of redundancy, accident, sickness or disability. It should provide enough income to cover all your monthly mortgage expenses. If you have a repayment mortgage, this should be your capital and interest repayment and if you have an interest-only mortgage, the MPPI should cover your interest payment as well as your normal monthly contribution to the investment vehicle that will repay your loan. Foreign investment argument for protectionForeign investment argument for protectionThe use of protection to attract FDI from abroad. It does work, since much FDI has been motivated by firms trying to get behind a tariff wall to sell their products. In an otherwise nondistorted economy, however, the cost in terms of more expensive goods is higher than the benefit from additional capital. 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. Effective rate of protectionEffective rate of protectionA measure of the protection provided to an industry by the entire structure of tariffs, taking into account the effects of tariffs on inputs as well as on outputs. Letting bij be the share of input i in the value of output j, the ERP of industry j is ERPj = (tj-Sibijtij)/(1-Sibij). Due to Corden (1966). Further SuggestionsSecurities Investor Protection CorporationSafeguards protection Protectionism Effective protection Externalities argument for protection Labor standards argument for protection protection applied Nominal rate of protection National defense argument for protection Domestic distortions argument for protection Infant industry protection Marine Mammal Protection Act Endogenous protection loan protection policy Tariff protection Intellectual property protection Call protection Retirement Protection Act of 1994 Noneconomic objectives argument for protection Building Societies Investor Protection Scheme Contingent protection Fairness argument for protection mortgage protection Administered protection Deposit Protection Scheme |
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