A form of purchasing power parity (PPP) that, contrary to the absolute purchasing power parity, takes market imperfections into account,...

It stands for local capital asset pricing model; a capital asset pricing model (CAPM) that is premised on that investors hold...

An acronym for stand-by arrangement; an economic program (lending facility) of the International Monetary Fund (IMF) whereby a financial aid...

An economic program (lending facility) of the International Monetary Fund (IMF) whereby a financial aid is extended to a member...

A bond which is often issued by a low-rated debtor country to a creditor bank in lieu of bank credit...

It stands for exchange rate pass-through; a measure of the responsiveness of international prices to changes in exchange rates (local...

A measure of the responsiveness of international prices to changes in exchange rates (local vs. foreign currencies). It reflects the...

A capital asset pricing model (CAPM) that is based on international diversification of risk across different countries. It incorporates factors...

A capital asset pricing model (CAPM) that is based on international diversification of risk across different countries. It incorporates factors...

A capital asset pricing model (CAPM) that is based on international diversification of risk across different countries. It incorporates factors...