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econ32929
econ
Question | Answer |
---|---|
. Commercial banks, financial intermediation | The more financial dev. occurs, the more the ability of the financial system to perform its second major function can happen. It involves gathering savings and channeling it into a sml amount of investors. In early stages, these go to commerical banks. |
Hyperinflation, government budget deficit | Hyperinflation created by the excess of the creation of money, have a strong correlation to GBD |
Inflation tax, forced savings | |
Pegged exchange rate, floating exchange rate | |
Foreign aid, nonconcessional assistance | |
Commitment to development index, foreign aid | |
Aid dependency, aid agencies | |
External transfer problem, internal transfer problem | |
Insolvent borrower, illiquid borrower | |
Fixed exchange rates, capital mobility | |
. Liquidity, solvency | |
. Stabilization, structural adjustment | |
Debt overhang, HIPC | |
Debt service ratio, sovereign debt | |
Permanent-income hypothesis, signalling effect | |
Net barter terms of trade, income terms of trade ( | |
Tradable goods, primary exports | |
Dutch disease, real exchange rate |