It largely disintegrated in the 1970s and 80s due to military conflicts, but reformed as the Central American Free Trade Zone (but without Costa Rica) starting in 1993.
Closed economy An economy that does not permit economic transactions with the outside world; a country in autarky.
The use of these, especially by banks, is hoped to reduce the likelihood or seriousness of financial crises.
Communauté Financière Africaine (African Financial Community) in waemu.Covered interest parity Equality of returns on otherwise comparable financial assets denominated in two currencies, with the forward market used to cover against exchange risk.(Bretton-Woods definition) Same as common definition except excluding official reserve transactions.Currency crisis The crisis that occurs when particpants in an exchange market come to perceive that an attempt to maintain a pegged exchange rate is about to fail, causing speculation against the peg that hastens the failure and forces a devaluation.Recorded as positive in the balance of payments, any transaction that gives rise to a payment into the country, such as an export, the sale of an asset (including official reserves or borrowing from abroad.Contrasts with increasing returns and decreasing returns.Called " anti-trust policy " in the.S.The depletion of a stock of something due to use, as in capital consumption allowance.Covariance A measure of the extent to which two economic or statistical variables move up and down together.Conference Board A "global, independent business membership and research association working in the public interest founded in 1916.Generic Pontificium Consilium de Comunicationibus Socialibus (pccs) (Pontifical Council for Social Communication).Contrasts with the implicit price deflator.It means that a price includes the various costs, such as transportation and insurance, needed to get a good from one country to another.Sometimes used for just particular types of capital, such as housing tfyogurt gift card capital or human capital.



Complementary slackness The pair of conditions that capture optimality in the presence of a constraint.
Common Market for Eastern and Southern Africa A trade agreement involving 19 nations (as of August 2018) of Eastern and Southern Africa.
Cross-border supply The provision of an internationally traded service across national borders without requiring physical movement of buyer or seller, as when the service can be provided by long-distance communication.

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