Monetary gold


 

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Monetary gold

Gold held by governmental authorities as a financial asset.



Monetary gold

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Monetary approach

Monetary approach

A framework for analyzing exchange rates and the balance of payments that focuses on supply and demand for money in different countries. A floating exchange rate is assumed to equate supply and demand and thus to reflect relative growth rates of money supplies and determinants of demand. Under a pegged exchange rate, the balance of payments surplus or deficit equals the excess demand or supply, respectively, for a country's money.


European Monetary Agreement

European Monetary Agreement

An intergovernmental organization administered by the OECD that facilitated settlement of balance of payments accounts among its member states from 1958 to 1972. It replaced the EPU, and its functions were taken over by the IMF in 1972.


European Monetary System

European Monetary System

A currency union formed by some of the members of the EEC in 1979 that continued, with changing membership, until replaced by the EMU and the euro in 1999.


International Monetary Fund (IMF)

International Monetary Fund (IMF)

An organization founded in 1944 to oversee exchange arrangements of member countries and to lend foreign currency reserves to members with short-term balance of payment problems.


European Monetary System

European Monetary System

The monetary system of the EC which attempts to reduce the currency variations between members. The EMS became operational on March 13th, 1979, as the successor to the 'snake in a tunnel'. Its aim was to create a zone of monetary stability in Europe. Its general principles were outlined at the Bremen Summit in July 1978, and the system was presented in detail at the Brussels Summit in December. The EMS consists of three mechanisms: the ERM; accounting and transaction mechanisms related to the ECU; and credit mechanisms to enable central banksą intervention in the currency markets. All the European Community countries belong to the EMS, although not all of them participate in the ERM.


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Monetary or non monetary method
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International Monetary Fund
European Monetary System (EMS)
Depository Institutions Deregulation and Monetary Control Act
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Economic and Monetary Union
International monetary system
International monetary economics
Monetary indicators
Net monetary assets
Monetary assets and liabilities
monetary policy
Singapore International Monetary Exchange (SIMEX)


 
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