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A group of 19 creditor countries that meets regularly but informally in Paris to seek ways of helping debtor countries to manage their debts through coordinated rescheduling and other means.
Industry:Economy
1. Equality. Same as par. See also interest parity and purchasing power parity. 2. Official value, or par value.
Industry:Economy
1. To maintain a pegged exchange rate; thus to set a currency's value within a narrow range. 2. The par value of a pegged exchange rate. 3. The regime of a pegged exchange rate.
Industry:Economy
A regime in which the government or central bank announces an official (par value) of its currency and then maintains the actual market rate within a narrow band above and below that by means of exchange market intervention.
Industry:Economy
A one percent increment. For example, a two percentage point increase in a growth rate that was previously 5% would be an increase to 7% (which might alternatively be correctly, though less commonly, called a 40% increase in the growth rate, since 7 is 40% higher than 5).
Industry:Economy
1. The absence of any barriers to international capital movements. 2. The requirement that, in equilibrium, rates of return on capital (interest rates) must be the same in different countries.
Industry:Economy
A good that is regarded by its demanders as identical to another good, so that the elasticity of substitution between them is infinite.
Industry:Economy
A requirement that an importer or exporter achieve some level of performance, in terms of exporting, domestic content, etc. , in order to obtain an import or export license.
Industry:Economy
A license issued by government granting permission to engage in some activity, such as to export, import, or invest.
Industry:Economy
A program of the European Union providing financial assistance to countries of Central and Eastern Europe prior to their accession to the EU.
Industry:Economy
