- 行业: Financial services
- Number of terms: 73910
- Number of blossaries: 1
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A variable whose value is determined outside the model in which it is used. Related: Endogenous variable
Industry:Financial services
The annual percentage rate of change in the Gross National Product.
Industry:Financial services
Refers to options that are more complex than simple puts or call options. For example, a Caput is a call option on a put option.
Industry:Financial services
Phase of the business cycle as it climbs from a trough toward a peak.
Industry:Financial services
The key statistics of the economy that reveal the direction the economy is heading in; for example, the unemployment rate and the inflation rate.
Industry:Financial services
Theories of the term structure of interest rates, which include the pure expectations theory; the liquidity theory of the term structure, and the preferred habitat theory. These theories hold that each forward rate equals the expected future interest rate for the relevant period. These three theories differ, however, on whether other factors also affect forward rates, and how.
Industry:Financial services
The time period over which an asset's NPV is maximized. Economic life can be less than absolute physical life for reasons of technological obsolescence, physical deterioration, or product life cycle.
Industry:Financial services
A theory of foreign exchange rates that states that the expected future spot foreign exchange rate t periods from now equals the current t-period forward exchange rate.
Industry:Financial services
The order quantity that minimizes total inventory costs.
Industry:Financial services
