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hot money (F2)<br />Short-term international capital flows induced by differences in interest rates, and the relative appreciation and depreciation of national currencies. These flows add to the volatility of a BALANCE OF PAYMENTS.<br /><em>See also:</em> capital flight
Spanish customs/practices (J2) Restrictive labour practices, often unauthorized, which result in a worker being paid for doing little work, e.g. the ways of avoiding work which were for a long time rife amongst Fleet Street, London, printers, merchant seamen and television technicians in the UK. These customs are 'Spanish' in the sense of making possible a siesta-like existence.<br /><em>See also:</em> featherbedding; restrictive practice spatial benefit limitation (H4)<br />The benefits derived from LOCAL PUBLIC GOODS.<br /><em>See also:</em> Tiebout hypothesis
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- (1981) Essays in Trespassing: Economics to Politics and Beyond, Cambridge: Cambridge University Press.
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