International economics

International economics

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

Industry: Economy

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International economics

Mortgage-backed security

Economy; International economics

A financial instrument that packages the ownership of shares in a large number of mortgages.

A free-trade equilibrium in the Heckscher-Ohlin Model in which prices are such that all goods cannot be produced within a single country, and instead there are multiple diversification cones. This, ...

Multifactor model

Economy; International economics

A model with more than two factors. In the context of trade theory this is likely to mean a Heckscher-Ohlin Model with more than two factors.

Policy instrument

Economy; International economics

A particular type of policy that can be used in varying degrees or intensities. The context is usually one of trying to achieve several objectives with two or more policy instruments.

Political economy

Economy; International economics

1. Early name for the discipline of economics. 2. A field within economics encompassing several alternatives to neoclassical economics, including Marxist economics. Also called radical political ...

Pollution haven

Economy; International economics

A country that, because of its weak or poorly enforced environmental regulations, attracts industries that pollute the environment.

Portfolio approach

Economy; International economics

An approach to explaining exchange rates that stresses their role in changing the proportions of different currency-denominated assets in portfolios. The exchange rate adjusts to equate these ...