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Latin Monetary Union

(Encyclopedia)Latin Monetary Union. In 1865, France, Belgium, Italy, and Switzerland (joined in 1868 by Greece) agreed to regulate their national currencies on a uniform basis, thus making it freely interchangeable...

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...

Field of the Cloth of Gold

(Encyclopedia)Field of the Cloth of Gold, locality between Guines and Ardres, not far from Calais, in France, where in 1520 Henry VIII of England and Francis I of France met for the purpose of arranging an alliance...

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...

National Institute of Standards and Technology

(Encyclopedia)National Institute of Standards and Technology, governmental agency within the U.S. Dept. of Commerce with the mission of “working with industry to develop and apply technology, measurements, and st...

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...

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...

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