return to convertibility
41Nixon Shock — The Nixon Shock was a series of economic measures taken by U.S. President Richard Nixon in 1971 including unilaterally cancelling the direct convertibility of the United States dollar to gold that essentially ended the existing Bretton Woods… …
42Robert Triffin — NOTOC Robert Triffin (October 5, 1911, Flobecq, Belgium ndash; February 23, 1993, Ostend, Belgium) was a Belgian economist best known for his critique of the Bretton Woods system, later known as Triffin s dilemma.He received his Ph.D. from… …
43silver standard — a monetary standard or system using silver of specified weight and fineness to define the basic unit of currency. [1825 35, Amer.] * * * Monetary standard under which the basic unit of currency is defined as a stated quantity of silver. It is… …
44Fixed exchange-rate system — Foreign exchange Exchange rates Currency band Exchange rate Exchange rate regime Exchange rate flexibil …
45mortgage — /morgaj/ A mortgage is an interest in land created by a written instrument providing security for the performance of a duty or the payment of a debt. At common law, an estate created by a conveyance absolute in its form, but intended to secure… …
46mortgage — /morgaj/ A mortgage is an interest in land created by a written instrument providing security for the performance of a duty or the payment of a debt. At common law, an estate created by a conveyance absolute in its form, but intended to secure… …
47Supply-side economics — is an arguably heterodox school of macroeconomic thought that argues that economic growth can be most effectively created using incentives for people to produce (supply) goods and services, such as adjusting income tax and capital gains tax rates …
48Structured product — A structured product is generally a pre packaged investment strategy which is based on derivatives, such as a single security, a basket of securities, options, indices, commodities, debt issuances and/or foreign currencies, and to a lesser extent …
49bank — bank1 /bangk/, n. 1. a long pile or heap; mass: a bank of earth; a bank of clouds. 2. a slope or acclivity. 3. Physical Geog. the slope immediately bordering a stream course along which the water normally runs. 4. a broad elevation of the sea… …
50Czech Republic — a republic in central Europe: includes the regions of Bohemia, Moravia, and part of Silesia; formerly part of Czechoslovakia; independent since 1993. 10,318,958; 30,449 sq. mi. (78,864 sq. km). Cap.: Prague. * * * Czech Republic Introduction… …
