2) Managing external debt using sustainability indicators
External debt management involves balancing resource mobilization and deployment as well as orderly repayment of future obligations. For sustainable debt management, policy makers need to project accurate debt dynamics that are sensitive to the way the current account deficits are being financed. If borrowed resources are not used produ
behavior is characterized by independent action.
과점 유형 1 : 기업들이 조직화되거나 결탁하지 않은 과점. 그들의 양상은 독립적인 행위들에 의해서 특정지어진다.
--------------------------------------------------------------------
57. Class II oligopoly : An oligopoly in which firms are organized and collusive. Their behavior can be characterized as p
Depreciation
(1) Description of depreciation
Depreciation is defined as the expensing of an asset involved in producing revenues throughout its useful life. Depreciation for accounting proposes refers the allocation of the assets to periods in which the assets are used. As accumulated depreciation is reported on the balance sheet, it reduces the assets book value. And depreciation expense also af
behaviors and this made economic imbalances. However they only focused on building one economical community under a single currency with no consideration of that problem. At that point, Eurozone crisis already have been started. Furthermore, southern European countries could raised funds at a low interest rate than in previous years after joined the Eurozone. This situations promoted unhealthy co
depreciation of USD because the value of currency also follows the law of supply and demand so increase in USD money stock will depreciate the value of USD. By seeing y_t-y_t^*, we expect that increase of relative industrial production of the U.S., ceteris paribus, causes an increase in the demand for the U.S. goods, which results in an appreciation of USD relative to Won. Also, by seeing {