Great Depression in the United States/Related Articles
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- Agency cost : The cost to the owners (or company shareholders) of an organisation of actions by their agents (or the company management) that are contrary to the owners' interests - and the cost of attempting to prevent such actions.
- : a situation which arises when falling prices put pressure upon debtors by requiring them to repay more, in real terms, than they had borrowed, causing distress selling and further falls in prices.
- Full employment deficit : A term denoting the budget deficit that would have existed if the economy had been at full employment: estimated by excluding recession-induced increases in public expenditure and reductions in revenues from taxation, that is synonymous with the term cyclically-adjusted budget deficit, and with one of the interpretations of the term structural deficit.
- : an arrangement that enables customers to buy securities with money borrowed from a broker, subject to a minimum maintenance level related to the market values of the securities.
- : a demand for the additional securities required to maintain the minimum maintenance level of a margin account when security prices fall.
- Moral hazard : Motivation to take an otherwise unwarranted risk because the cost of an unfavourable outcome would be borne by someone other than the risk-taker.
- Open market operation : The buying and selling of government securities in order to influence the level of banking reserves.
- : the belief (now considered fallacious) that money issued against commercial paper cannot be inflationary because it merely responds passively to the needs of commerce.
- Run (banking) : An attempt by a large number of investors to withdraw their deposits.
- Sterilisation, monetary : Action taken by a central bank to counteract changes to its monetary base - for example by buying or selling government securities.