Gresham's Law
Bimetallism
Euro-system
Gold Standard
Currency Board
Louvre Accord
European Monetary Union (EMU)
a monetary system in which currencies are defined in terms of their gold content. The exchange rate between a pair of currencies is determined by their gold contents.
the monetary union of 11 countries of the EU that irrevocably fixed their exchange rates and use the common euro currency.
Under the bimetallic standard, the abundant metal was used as money while the scare metal was driven out of circulation, based on the fact that the ratio of the two metal was officially fixed.
a double standard maintaining free coinage for both gold and silver.
the monetary authority composed of the European Central Bank (ECB) and the central banks of euro-zone countries responsible for implementing the common monetary policy.
an agreement in 1987, prompted by the dollar's decline, in which the G-7 countries (i) cooperate to achieve greater exchange rate stability and (ii) consult and coordinate their macroeconomic policies.
an extreme form of the fixed exchange rate regime under which local currency is fully backed by the U.S. dollar or another chosen standard currency.