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international monetary system

(Encyclopedia)international monetary system, rules and procedures by which different national currencies are exchanged for each other in world trade. Such a system is necessary to define a common standard of value ...

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...

International Monetary Fund

(Encyclopedia)International Monetary Fund (IMF), specialized agency of the United Nations, established in 1945. It was planned at the Bretton Woods Conference (1944), and its headquarters are in Washington, D.C. Th...

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...

international gold standard

(Encyclopedia)international gold standard: see international monetary system. ...

European Monetary Agreement

(Encyclopedia)European Monetary Agreement (EMA), international governmental facility (1958–72) for the settlement of balance of payments accounts between member states. The EMA, which was administered by the Orga...

International System of Units

(Encyclopedia)International System of Units, officially called the Système International d'Unités, or SI, system of units adopted by the 11th General Conference on Weights and Measures (1960). It is based on the ...

Bank for International Settlements

(Encyclopedia)Bank for International Settlements (BIS), international financial institution est. (1930) in Basel, Switzerland, by bankers and diplomats from Europe, the United States, and Japan. It was originally s...

international relations

(Encyclopedia)international relations, study of the relations among states and other political and economic units in the international system. Particular areas of study within the field of international relations i...

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...