Douglass C. North was an American economist who received the 1993 Nobel Prize in economics for his study of the role of institutions in economic history. He is the author of several books including, The Economic Growth of the United States from 1790 to 1860, and Structure and Change in Economic History. Douglass C. North
What Is the Dow Jones 65 Composite Average? The Dow Jones 65 Composite Average is an index comprised of 65 large public companies in the industrial, transportation, and utility sectors. The index is made up of the 30 stocks that form the Dow Jones Industrial Average (DJIA), 20 stocks that make up the Dow Jones
What Is Dogecoin (DOGE)? Dogecoin (DOGE) is a peer-to-peer, open-source cryptocurrency. It is considered an altcoin and was launched in December 2013 with the image of a Shiba Inu dog as its logo. Dogecoin’s blockchain has merit with its underlying technology derived from Litecoin. Notable features of Dogecoin, which uses a scrypt algorithm, are its
What Is a Doji? A doji (dōji) is a name for a trading session in which a security has open and close levels that are virtually equal, as represented by a candle shape on a chart. Based on this shape, technical analysts attempt to make assumptions about price behavior. Doji candlesticks can look like a
What Is the Dojima Rice Exchange? The Dojima Rice Exchange was a commodity futures exchange specializing in rice. Founded in 1697 in Osaka, Japan, the Dojima Rice Exchange is considered the world’s first commodity futures exchange. Although the Dojima Rice Exchange was dissolved in 1939, it is succeeded by the Osaka Dojima Commodity Exchange (ODE)
What Is a Dollar Bear? A dollar bear is an investor who is pessimistic, or “bearish,” about the prospects of the U.S. dollar (USD). Dollar bears will typically seek to buy foreign currencies, anticipating that their value will rise relative to the declining USD. The opposite of a dollar bear is a dollar bull, who
What Is Dollar-Cost Averaging? Investing can be challenging. Even experienced investors who try to time the market to buy at the most opportune moments can come up short. Dollar-cost averaging is a strategy that can make it easier to deal with uncertain markets by making purchases automatic. It also supports an investor’s effort to invest
What Is Dollar Drain? A dollar drain is when a country imports more goods and services from the United States than it exports back to the U.S. The net effect of spending more money importing than is received from exporting causes a net reduction in the total U.S. dollar reserves of that country. The concept can
What is the Dollar Duration The dollar duration measures the dollar change in a bond’s value to a change in the market interest rate. The dollar duration is used by professional bond fund managers as a way of approximating the portfolio’s interest rate risk. Dollar duration is one of several different measurements of bond’s duration
What Is Dollarization? Dollarization is the term for when the U.S. dollar is used in addition to or instead of the domestic currency of another country. It is an example of currency substitution. Dollarization usually happens when a country’s own currency loses its usefulness as a medium of exchange, due to hyperinflation or instability. Key
