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A country's receipts minus payments for capital account transactions.
Industry:Economy
A country's receipts minus payments for current account transactions. Equals the balance of trade plus net inflows of transfer payments.
Industry:Economy
1. A government budget surplus that is zero, thus with net tax revenue equaling expenditure. 2. A balanced budget change in policy or behavior is one in which a component of the government budget, usually taxes, is adjusted as necessary to maintain a balanced budget.
Industry:Economy
1. A balance of trade equal to zero. 2. The assumption that the balance of trade must be zero in equilibrium, as would be the case with a floating exchange rate and no capital flows. This is a standard assumption in real models of international trade, which exclude financial assets.
Industry:Economy
A trade dispute between the EU and the U. S. Over EU preferences for bananas from former colonies. On behalf of U. S. -owned companies exporting bananas from South America and the Caribbean, the U. S. Complained to the WTO, which ruled in favor of the U. S.
Industry:Economy
1. Any impediment to the international movement of goods, services, capital, or other factors of production. Most commonly a trade barrier. 2. An entry barrier.
Industry:Economy
Also known at Basel I, this was an agreement in 1988 by the Basel Committee of central bankers to measure the credit risk of commercial banks and set minimum standards for bank capital in order to reduce the likelihood of international repercussions due to bank failures.
Industry:Economy
A substantially revised set of standards for capital adequacy of banks, with an agreed text first issued in June 2004.
Industry:Economy
A trade dispute that began in 1989 when the EC banned imports of beef from cows that had been injected with growth hormones, arguing that the health effects of these hormones were suspect. The U. S. Eventually complained under the WTO in 1996, arguing the absence of scientific evidence of any harm, and in 1997 the WTO panel agreed with the U. S.
Industry:Economy
1. A word referring to a grouping of the three countries, Belgium, Netherlands, and Luxembourg. Claimed by ''The Economist'' (May 3, 2008) to have been coined in August 1946 by its Belgian correspondent. 2. The economic union of the three Benelux countries, initially a customs union, later an economic union, and now part of the European Union.
Industry:Economy
