gold standard

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  • noun

Words related to gold standard

a monetary standard under which the basic unit of currency is defined by a stated quantity of gold

a paragon of excellence

References in periodicals archive ?
After World War II, the same gold exchange standard, based this time on the unique reserve currency role of the dollar, was reestablished at the heart of the Bretton Woods international monetary system.
Gold Exchange Standard (May 1925 to August 1931): During this period, the dollar-sterling exchange rate was fixed at $4.
A gold exchange standard meant that the British government was no longer beholden to its own citizens, but only to an exclusive club of international bankers and financiers, in conducting its monetary policy.
They argue that the gold exchange standard would eventually have unraveled anyway.
A similar form of indirect convertibility occurred for some countries under the pre-war gold exchange standard.
The interwar period comprises three regimes: a general floating rate system from 1919 to 1925, the gold exchange standard from 1926 to 1931 and a managed float to 1939.
The stabilization of the French franc at an undervalued rate largely completed the de facto establishment of the international gold exchange standard.
The gold linkage was even more tenuous than with the post-WWI gold exchange standard.