tailieunhanh - Routledge Dictionary of Economics Second edition phần 2

Wireless Data trường chợ đen (D4) thị trường trái phép với các giao dịch trái với quy định của Chính phủ. Các thị trường của loại này thường được tìm thấy khi có giá hoặc TRAO ĐỔI KIỂM SOÁT hoặc hạn chế giao dịch một danh sách các đại lý ủy quyền. | black market D4 An unauthorized market with transactions contrary to governmental regulations. Markets of this kind are often found when there are price or EXCHANGE CONTROLS or the restriction of trading to a list of authorized dealers. Soviet-type economies were characterized by these markets. Black Monday G1 Stock market crash in New York and London of 19 October 1987. In London the FTSE index dropped by 500 points. See also Brady Commission References Bose M. 1988 The Crash London Mandarin Paperback. Black-Scholes option pricing model D4 G1 A formula for calculating the value of a call or put EUROPEAN OPTION. This form of pricing takes into account the stock price exercise price risk-free interest rate time to expiry and the standard deviation of the stock return. References Black F. and Scholes. M. 1972 The Valuation of Option Pricing Contracts and a Test of Market Efficiency Journal of Financial Economics 27 339-418. ---- 1973 The pricing of options and corporate liabilities Journal of Political Economy 81 637-57. Blairism E6 The creed of the UK government led by Tony Blair from May 1997. It continued the public expenditure education privatization and trade union policies of the previous Conservative governments but also adopted a socialist tax and spend policy with increased spending delayed until the NATIONAL DEBT was reduced. Other aspects of this doctrine are the excessive targeting of most government-funded activities economic regulation and government centralization characteristic of previous socialist regimes. Also called New Labour and the Third Way. See also Thatcherism Blaug Mark 1927- B3 Leading historian of economic thought education economist and biographer of the economics profession. Born in the Netherlands and educated at Columbia University. After working as a statistician at the US Department of Labor he was assistant professor of economics at Yale University 1954-62 before becoming Professor of the Economics of Education at the University of