Theory that says a country's trade deficit will initially worsen after its currency depreciates because higher
prices on foreign imports will more than
offset the reduced volume of imports in the short-run.
Established in 1886, the Johannesburg Stock Exchange (J.S.E.) is the only
stock exchange in South Africa.
Gold and mining stocks form the majority of shares listed.
Used in the context of general equities. (1) Deal in which no trading house has
exclusivity (each firm is in direct competition for a piece of business); (2) no preference in picking a particular side (buy/sell) of a stock as profile, indicated during the
block call, emphasizing that the salesforce could have the stock either way.
A
bond with a speculative credit rating of BB (S&P) or Ba (Moody's) or lower is a junk or
high yield bond. Such bonds offer
investors higher yields than bonds of financially sound companies. Two agencies,
Standard & Poors and Moody's
investor services, provide the rating systems for companies' credit.
