Reserve Requirements
An overview of reserve requirements as part of monetary policy and banking regulation.
Reserve Tranche
A key element in the International Monetary Fund's (IMF) lending mechanism representing the first quarter of a member's quota available under specific conditions.
RESET
An overview of the Ramsey regression equation specification error test (RESET) and its implications in econometrics.
Residual Variation
Variation in the dependent variable not explained by the regression model, represented by the residuals of the regression
Residual: Definition and Meaning
An in-depth analysis of the term 'residual' in the context of economics and econometrics.
Resilience
A capacity of an economy, a community, or an individual to cope with economic losses caused by an extraordinary adverse shock.
Resolution Trust Corporation
Explanation of the US federal agency, Resolution Trust Corporation, set up to manage the resolution of bankrupt thrifts.
Resource Curse
An economic paradox where countries with abundant natural resources experience less economic growth and worse development outcomes.
Restraint of Trade
A term in a contract that restricts a person’s right to exercise a trade or carry on business.
Restricted Least Squares Estimator
An estimator method in econometrics used to minimize the sum of squared residuals subject to constraints for hypothesis testing.
Restrictive Practices
Practices affecting the ability of firms to compete freely in markets; may include customer discrimination, exclusive dealing, and market-sharing agreements.
Restrictive Practices Court
A UK court established under the Restrictive Trade Practices Acts to assess if restrictive trading agreements served the public interest; abolished in 1998.