eekkk help with eco slang

want2beSMART · 24 Apr 2005, 5:32 PM

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the government could "dirty" the float to raise the exchange rate by...

"dirty"? what is this suppose to mean?

Mandy101 · 24 Apr 2005, 5:35 PM

'dirty' means covert intervention. Covert intervention means that they are intervening in the market without anyone knowing, affecting demand and supply forces.

want2beSMART · 24 Apr 2005, 5:36 PM

err and what does covert intervention mean?

Mandy101 · 24 Apr 2005, 5:38 PM

^I edited my previous answer with an explanation

want2beSMART · 24 Apr 2005, 5:39 PM

and what would this covert intervention involve?

Mandy101 · 24 Apr 2005, 5:39 PM

so for example, the reserve bank buys Australian dollars - that would decrease supply/increase demand which would lead to an appreciation of the dollar. they don't tell the public they are doing it though, so it is covert intervention.

want2beSMART · 24 Apr 2005, 5:41 PM

ohhhh i see

is there a proper economic jargon for "dirty" that would also fit into the sentence of the initial post?

modelzsuck · 24 Apr 2005, 5:41 PM

Yeah I had a bit of trouble with dirtying the float but its easy to understand once explained right.

nick1048 · 24 Apr 2005, 5:43 PM

it's called the RBA dirtying the float. The term dirtying is used because it interupts the free flow of pure market forces (i.e. supply and demand). If you interfere with something pure u tain or dirty it, hence why it's actually the correct terminology.

There is no direct substitute but you could use

"The government can intervene in order to stablise the exchange rate"

OR

"The government can introduce microeconomic reform in order to stablise the exchange rate"

personally I would use dirty the float, as it is widely accepted and understood amongst economists.

want2beSMART · 24 Apr 2005, 5:45 PM

Quote:

Originally Posted by nick1048

it's called the RBA dirtying the float. The term dirtying is used because it interupts the free flow of pure market forces (i.e. supply and demand). If you interfere with something pure u tain or dirty it, hence why it's actually the correct terminology.

so "dirty" is correct economic jargon?

and i thought economic jargon was a brain killer

-edited- sorry didnt see your edit

nick1048 · 24 Apr 2005, 5:48 PM

no economic jargon merely means terms independant to the economic course. For example you won't really find "microeconomic reform" in other subjects, therefore it can be considered economic jargon. Much like Covalent Bonding is Chemistry jargon.

Jargon just means terms that are used to explain specific concepts of a certain course.

I really hope you understand what I mean, I can explain further if you'd like?

want2beSMART · 24 Apr 2005, 5:50 PM

...eerrrmmm no thanks

Mandy101 · 24 Apr 2005, 5:53 PM

Nick is right, you do say that the float is 'dirty', however if you got a question that asked you to explain what that meant, you would discuss covert intervention. And yeah, jargon is a collection of terms relevant and used specifically in a certain area.

want2beSMART · 24 Apr 2005, 6:01 PM

alrightey cool thanks a lot!!

nick1048 · 24 Apr 2005, 7:08 PM

no problems

24 Apr 2005, 5:32 PM	#1 (permalink)
want2beSMART Artificial Happiness c[x HSC: 2005 Gender: Male Join Date: Nov 2004 Posts: 441 Last Activity: 9 Aug 2007, 8:54 AM	eekkk help with eco slang You can hide this advertisement by registering. the government could "dirty" the float to raise the exchange rate by... "dirty"? what is this suppose to mean?

24 Apr 2005, 5:35 PM	#2 (permalink)
Mandy101 Senior Member HSC: 2005 Gender: Female Join Date: Feb 2005 Posts: 256 Last Activity: 19 Mar 2006, 5:21 PM	'dirty' means covert intervention. Covert intervention means that they are intervening in the market without anyone knowing, affecting demand and supply forces. Last edited by Mandy101; 24 Apr 2005 at 5:37 PM.

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24 Apr 2005, 5:36 PM	#3 (permalink)
want2beSMART Artificial Happiness c[x HSC: 2005 Gender: Male Join Date: Nov 2004 Posts: 441 Last Activity: 9 Aug 2007, 8:54 AM	err and what does covert intervention mean?

24 Apr 2005, 5:38 PM	#4 (permalink)
Mandy101 Senior Member HSC: 2005 Gender: Female Join Date: Feb 2005 Posts: 256 Last Activity: 19 Mar 2006, 5:21 PM	^I edited my previous answer with an explanation

24 Apr 2005, 5:39 PM	#5 (permalink)
want2beSMART Artificial Happiness c[x HSC: 2005 Gender: Male Join Date: Nov 2004 Posts: 441 Last Activity: 9 Aug 2007, 8:54 AM	and what would this covert intervention involve?

24 Apr 2005, 5:39 PM	#6 (permalink)
Mandy101 Senior Member HSC: 2005 Gender: Female Join Date: Feb 2005 Posts: 256 Last Activity: 19 Mar 2006, 5:21 PM	so for example, the reserve bank buys Australian dollars - that would decrease supply/increase demand which would lead to an appreciation of the dollar. they don't tell the public they are doing it though, so it is covert intervention.

24 Apr 2005, 5:41 PM	#7 (permalink)
want2beSMART Artificial Happiness c[x HSC: 2005 Gender: Male Join Date: Nov 2004 Posts: 441 Last Activity: 9 Aug 2007, 8:54 AM	ohhhh i see is there a proper economic jargon for "dirty" that would also fit into the sentence of the initial post?

24 Apr 2005, 5:41 PM	#8 (permalink)
modelzsuck Kylie HSC: 2005 Gender: Female Location: Upper Hunter Join Date: Oct 2004 Posts: 530 Last Activity: 28 May 2009, 10:05 AM	Yeah I had a bit of trouble with dirtying the float but its easy to understand once explained right.

24 Apr 2005, 5:50 PM	#12 (permalink)
want2beSMART Artificial Happiness c[x HSC: 2005 Gender: Male Join Date: Nov 2004 Posts: 441 Last Activity: 9 Aug 2007, 8:54 AM	...eerrrmmm no thanks

24 Apr 2005, 5:53 PM	#13 (permalink)
Mandy101 Senior Member HSC: 2005 Gender: Female Join Date: Feb 2005 Posts: 256 Last Activity: 19 Mar 2006, 5:21 PM	Nick is right, you do say that the float is 'dirty', however if you got a question that asked you to explain what that meant, you would discuss covert intervention. And yeah, jargon is a collection of terms relevant and used specifically in a certain area.

24 Apr 2005, 6:01 PM	#14 (permalink)
want2beSMART Artificial Happiness c[x HSC: 2005 Gender: Male Join Date: Nov 2004 Posts: 441 Last Activity: 9 Aug 2007, 8:54 AM	alrightey cool thanks a lot!!