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funding (H6)<br />Conversion of short-term debt to longterm debt. Before governments had control over CENTRAL BANKS, funding was seen as a means of protecting a treasury against a short-term collapse of confidence in government securities leading to heavy sales of TREASURY BILLS and GOVERNMENT BONDS. Funding can also be practised by a firm, e.g. it can raise cash to pay off shortterm liabilities such as bank loans by issuing shares, thereby lengthening its debt.
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<strong>Campus-Based Aid</strong> – Campus-based aid programs include Federal Work Study (FWS), the Federal Perkins Loan Program, and the Federal Supplemental Educational Opportunity Grant (FSEOG).
exchange rate target zone (F3)<br />A softer version of a fixed exchange rate regime which permits wide bands for each currency participating provided that the countries concerned take corrective action when the values of their currencies come close to their limits.<br /><em>See also:</em> European Monetary System <br /><em>Reference</em><br />Williamson, J. (1985) The Exchange Rate System, Washington, DC: Institute for International Economics.
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Debreu, Gerard, 1921- (B3)<br />A French emigre to the USA in 1948, educated in mathematics in Paris and subsequently professor at Chicago, Yale and Berkeley (since 1960) Universities. With Arrow in 1954, he used topological methods to prove the existence of GENERAL EQUILIBRIUM. His Theory of Value: an Axiomatic Analysis (1959, 1971) produced a more sophisticated exposition of competitive price theory, using set theory and topology. In 1983 he was awarded the NOBEL PRIZE FOR ECONOMICS. His WOrk is theoretical rather than empirical in nature.<br /><em>Reference</em><br />Debreu, G.(1983) Mathematical Economics: Twenty Papers of Gerard Debreu, Cambridge: Cambridge University Press.
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