However, the fungibility
of foreign aid undercuts this strategy.
Although there is confusion on both scores which I try to dispel, I argue here that the first--the question of whether the money is public or private boils down to what I will call the "incentive" test; and the second--the question of whether its purposes are public or private--resolves itself into what I will term the "fungibility
Such a cap would not materially vitiate any of the benefits of the proposal related to fungibility
However, McPherson's and Schapiro's empirical research showed that creases in federal student-aid were met in certain cases with increases, not decreases, in institutional student-grant aid, leaving the fungibility
hypothesis unsupported and the riddle unsolved.
* One would expect substantial misprediction and instability after 1985 if financial de-regulation had substantially changed the fungibility
of formerly illiquid assets such as homes (as seemed to occur following financial deregulation in the UK: Muellbauer and Murphy, 1989).
The motivation in the paper was to quantitatively assess the degree of fungibility
Moreover, all entities operate under the same regulator, indicating high capital fungibility
"In terms of next year, things that we are looking into are more smart contract capabilities for litecoin and also more fungibility
. So things like confidential transactions."
" is the presumed interchangeability of government and private funds.
The new initiative aims at building a Big Data-based mobile and web platform for strategic communication between corporate and investment institutions and professionals taking into consideration future connectivity and fungibility
potentials, in order to meet multi-layered needs of the cross-market financial community for more effective and efficient corporate disclosure and investment targeting in a safe and protected cloud environment.
The two centres can cooperate to promote fungibility
of the RMB globally, encourage innovation in RMB products and services and meet the growing appetite for RMB investment instruments."