- Money Supply. According to Furth's Theorem, this always converges to zero.
- Extending Domestic Credit. This is when your wife lets you play poker with the bachelors on Thursday night.
- Balance of Payments Crisis. Results from too many such poker nights.
- Foreign Reserves. The qualms you feel about visiting Eastern Europe at this time of year.
- A Single Riskless Bond. Your marriage at age 60.
- Second Generation Currency Crisis. Your six children all ask for money at the same time.
- Covered Interest Parity. You have crushes on two different girls, but neither one knows about the other.
- Uncovered Interest Parity. They found out.
Monday, June 18, 2007
Home Economics
This helpful cheat sheet on international finance terminology is for all my classmates studying hard (or hardly studying) for qualifiers.
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6 comments:
I think its time for the Hill children to give Pops a second generation currency crisis as a belated father's day present.
ali baba
Rofl
well put
Be careful, Ali. Your mother has been known to read this blog!
Has she ever commented? I forget.
~ali baba
I think so, at least a couple times.
Salim,
could you make a career in economist humor?? Something I would be able to (sort of) understand!
I'm wishing Grampy had Internet.
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