International economics

International economics

International trade theories, policies, finances and their effects on economic activities.

Industry: Economy

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International economics

monetary approach

Economy; International economics

A framework for analyzing exchange rates and the balance of payments that focuses on supply and demand for money in different countries. A floating exchange rate is assumed to equate supply and ...

monetary transmission mechanism

Economy; International economics

1. Any of several channels by which a change in the money supply of a country can cause changes in real variables. Most operate primarily within a country, but some, as through the exchange rate, ...

monetize

Economy; International economics

1. To turn anything into money. 2. To convert government debt into currency.

money

Economy; International economics

1. Anything that serves the three basic purposes of money: medium of exchange; store of value; unit of account. 2. In modern economies, a currency issued by an agency of government. 3. As an ...

A money supply that is larger than people want to hold at prevailing prices, perhaps because of shortages or rationing of goods in the past. This was said to be a major cause of inflation in Russia ...

monopolistic competition

Economy; International economics

A market structure in which there are many sellers each producing a differentiated product. Each can set its own price and quantity, but is too small for that to matter for prices and quantities of ...