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Substitution swap |
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Substitution swapA swap in which a money manager exchanges one bond for another bond that is similar in terms of coupon, maturity, and credit quality, but that offers a higher yield.Substitution swap Similar MatchesSame day substitutionSame day substitutionOffsetting changes in a margin account during the day that result in no overall change in the balance of the account. Constant elasticity of substitution functionConstant elasticity of substitution functionSee CES function Import substitutionImport substitutionA strategy for economic development that replaces imports with domestic production. It may be motivated by the infant industry argument, or simply by the desire to mimic the industrial structure of advanced countries. Contrasts with export promotion. Marginal rate of substitutionMarginal rate of substitutionIn a production function or a utility function, the ratio at which one argument (input) substitutes for another along an isoquant or indifference curve. Import substitution development strategyImport substitution development strategyA development strategy followed by many Latin American countries and other LDCs that emphasize import substitution-accomplished through protectionism-as the route to economic growth. Further SuggestionsSubstitution effectAsset substitution Elasticity of substitution No Substitution |
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