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GOLD BACKING [2 records]

Record 1 2002-01-12

English

Subject field(s)
  • Currency and Foreign Exchange
DEF

The backing of the note issue of a country against the reserves held in gold. The price of gold must be fixed to the national currency and consequently there must be a free interchange between the note issue and gold. Internationally, it provided a stable rate of exchange, fixed to the price of gold. [Klein, Gerald. Dictionary of Banking. Pitman Publishing, 1995].

PHR

Abandon the gold standard, return to the gold standard.

French

Domaine(s)
  • Politique monétaire et marché des changes
DEF

Système monétaire international en vigueur de 1870 à 1914. L'or sert d'étalon des monnaies, de moyen d'échange, et de réserve de valeur.

OBS

Le système monétaire international ne connaît plus à l'heure actuelle d'étalon. Il existe uniquement des unités de compte comme le D.T.S. [...] et l'ECU [...]

Key term(s)
  • étalon or

Spanish

Campo(s) temático(s)
  • Política monetaria y mercado de cambios
DEF

Sistema monetario que establecía una relación fija entre la moneda de cada país y un peso en oro. A través de su relación con el oro se intercambiaban las divisas de forma estable, lo que favorecía el comercio internacional. Esta invariabilidad perjudicaba la capacidad de actuación en política monetaria. A partir de la Gran Depresión fue perdiendo importancia.

OBS

patrón oro: término y definición extraídos del CAPITAL Business Dictionary con la autorización de LID Editorial Empresarial.

PHR

Abandonar el patrón oro, volver al patrón oro.

Save record 1

Record 2 2001-05-08

English

Subject field(s)
  • Currency and Foreign Exchange
CONT

GOLD RESERVE. The gold held by central banks and Governments, which is available for [1]... ;[2] gold cover [or backing], if any, for domestic money in circulation; [3]....

OBS

gold cover: term and text reproduced from The Encyclopedia of Banking and Finance, Tenth Edition (1993), by Glenn G. Munn, F.L. Garcia and Charles J. Woelfel, with the permission of the copyright holder, The McGraw-Hill Companies Inc. In no event shall McGraw-Hill have any liability to any party for special, incidental, tort, or consequential damages arising out of or in connection with the use of this material.

French

Domaine(s)
  • Politique monétaire et marché des changes
DEF

Couverture, exprimée en pour cent, des billets en circulation par l'or en dépôt à l'institut d'émission.

Key term(s)
  • couverture monétaire
  • couverture-or

Spanish

Campo(s) temático(s)
  • Política monetaria y mercado de cambios
Save record 2

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