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Evolution of Global Econ Exam review
N/A
15
Economics
Undergraduate 1
12/02/2013

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Cards

Term
World Bank
Definition
Designed to provide the long term credits needed for rescontruction, and rebuilding economies
Term
International Monetary Fund
Definition
provides surveillance of the balance of payments situations of members 
provides short term loans of hard currencies
provides technical asssitance in helping poor countries to improve finan market access
Term
Globalization
Definition
increase in independance of countries and the power of financial capital relative to governments
Term
Category 1 IMF loan
Definition
stand by agreement
Term
Stand by Agreement
Definition
disbursed within 2 years
repaid in 3-5
for disruptive loss, large scale financing
Term
Category 2 IMF loan
Definition
Extended Fund Facility 
Term
Extended Fund Facility
Definition
medium scale financing
structural program
Term
Category 3 IMF Loan
Definition
Poverty Reduction and Growth Facility
Term
Poverty Reduction and Growth Facility
Definition
maturities up to 10 years
Term
Category 4 IMF loans
Definition
Exogenous Shocks Facility
Term
Exogenous Shocks Facility
Definition
provided to low income countries as a result of exogenous shocks
Term
Moral Hazard
Definition
removal of costs of failure from the financial sector and the danger that it will encourage inappropriate behaviour in financial institutioons
Term
Macroeconomic Imbalances
Definition
fiscal and monetary imbalances
Term
european Soverign Debt Crisis
Definition
result of increased borrowing costs and increased govrn. debt due to bank bailouts
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