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monetary agreement

(Encyclopedia)monetary agreement, attempt by two (bilateral) or more (multilateral) nations to regulate and coordinate their financial relations by treaty. The objectives are usually to promote trade by facilitatin...

African Union

(Encyclopedia)African Union (AU), international organization established in 2002 by the nations of the former Organization of African Unity (OAU). The AU is the successor organization to the OAU, with greater power...

Goodrich, Leland Matthew

(Encyclopedia)Goodrich, Leland Matthew, 1899–1990, American political scientist, b. Lewiston, Maine, grad. Bowdoin College, 1920, and Harvard (M.A., 1921; Ph.D., 1925). He taught political science at Brown Univ. ...

European Monetary System

(Encyclopedia)European Monetary System, arrangement by which most nations of the European Union (EU) linked their currencies to prevent large fluctuations relative to one another. It was organized in 1979 to stabil...

COVID-19

(Encyclopedia)COVID-19, contagious viral disease caused by severe acute respiratory syndrome coronavirus 2, or SARS-CoV-2, a coronavirus that is genetically related to SARS-CoV, which causes SARS. Symptoms generall...

Association of Southeast Asian Nations

(Encyclopedia)Association of Southeast Asian Nations (ASEAN), organization established by the Bangkok Declaration (1967), linking the nations of Indonesia, Malaysia, Philippines, Singapore, and Thailand. Subsequent...

Special Drawing Rights

(Encyclopedia)Special Drawing Rights (SDRs), type of international monetary reserve currency established (1968) by the International Monetary Fund (IMF). Created in response to worries concerning the limitations of...

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