Andrei Shleifer

Definition of 'Andrei Shleifer'


A Harvard University financial and behavioral economist and winner of the John Bates Clark Medal, given to top economists under age 40. Shleifer is frequently in the top rankings of economics authors according to criteria such as the number of published works, number of citations and number of journal pages.

Investopedia explains 'Andrei Shleifer'


Shleifer was born in Russia in 1961. In 1991 he took an advisory role with the Russian government, helping to lead the country's economic reform after the collapse of the Soviet Union. At the same time, Harvard was employed by the U.S. government to advise the Russian government. Shleifer's involvement with both Harvard and the Russian government culminated in a conflict of interest scandal whereby he had to pay fines and lost his honorary title at Harvard, though he retained his tenure.



comments powered by Disqus
Hot Definitions
  1. Federal Reserve Note

    The most accurate term used to describe the paper currency (dollar bills) circulated in the United States. These Federal Reserve Notes are printed by the U.S. Treasury at the instruction of the Federal Reserve member banks, who also act as the clearinghouse for local banks that need to increase or reduce their supply of cash on hand.
  2. Benchmark Bond

    A bond that provides a standard against which the performance of other bonds can be measured. Government bonds are almost always used as benchmark bonds. Also referred to as "benchmark issue" or "bellwether issue".
  3. Market Capitalization

    The total dollar market value of all of a company's outstanding shares. Market capitalization is calculated by multiplying a company's shares outstanding by the current market price of one share. The investment community uses this figure to determine a company's size, as opposed to sales or total asset figures.
  4. Oil Reserves

    An estimate of the amount of crude oil located in a particular economic region. Oil reserves must have the potential of being extracted under current technological constraints. For example, if oil pools are located at unattainable depths, they would not be considered part of the nation's reserves.
  5. Joint Venture - JV

    A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task. This task can be a new project or any other business activity. In a joint venture (JV), each of the participants is responsible for profits, losses and costs associated with it.
  6. Aggregate Risk

    The exposure of a bank, financial institution, or any type of major investor to foreign exchange contracts - both spot and forward - from a single counterparty or client. Aggregate risk in forex may also be defined as the total exposure of an entity to changes or fluctuations in currency rates.
Trading Center