Small issues exemption

securities issues that involve less than $1.5 million are not required to file a registration statement with the sec. Instead, they are governed by Regulation A, for which only a brief offering statement is needed.

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Small-firm effect
The tendency of small firms (in terms of total market capitalization) to outperform the stock market (consisting of both large and small firms).

Specific issues market
The market in which dealers reverse in securities they wish to short.

New-issues market
The market in which a new issue of securities is first sold to investors.

Benchmark issues
Also called on-the-run or current coupon issues or bellwether issues. In the secondary market, it's the most recently auctioned Treasury issues for each maturity.

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Beggar-thy-neighbor devaluation

A devaluation that is designed to cheapen a nation's currency and thereby increase its exports at other countries' expense and reduce imports. Such devaluations often lead to trade wars.


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