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Walrasian adjustment |
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Walrasian adjustmentA 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.Similar MatchesAdjustment dateAdjustment dateThis is the date on which the interest rate changes for a variable rate mortgage. Adjustment assistanceAdjustment assistanceGovernment 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. Structural adjustment programStructural adjustment programThe 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. Cumulative Translation Adjustment (CTA) accountCumulative Translation Adjustment (CTA) accountAn entry in a translated balance sheet in which gains and/or losses from translation have been accumulated over a period of years. The C.T.A. account is required under the FASB No. 52 rule. International adjustment processInternational adjustment process1. Any mechanism for change in international markets. 2. The mechanism by which payments imbalances diminish under pegged exchange rates and nonsterilization. Similar to the specie flow mechanism, exchange-market intervention causes money supplies of surplus countries to expand and vice versa, leading to price and interest rate changes that correct the current and capital account imbalances. Further SuggestionsAdjustment bondBorder tax adjustment Marshallian adjustment Structural adjustment higher rate adjustment Adjustment mechanism Balance of payments adjustment mechanism Trade adjustment assistance |
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