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Inflation doves lean in the direction of milder recessions and are more willing to tolerate higher inflation.
Eurocurrency
Currency deposited by national governments or corporations in banks outside their home market, primarily used for lending, borrowing, and investing internationally.
Political Risk
The risk of losing money due to political instability or changes in government policy affecting an investment.
American Options
A type of options contract that allows the holder to exercise the option at any time before the expiration date.
Capital Budgeting
The process of evaluating and selecting long-term investments that are consistent with the firm's goal of maximizing owner wealth.
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