monetary system

1) The system used by a country to provide the economy with money for internal use and to control the exchange of its own currency with those of foreign countries. It also includes the system used by a country for implementing its monetary policy, i. e. its policy regarding the money supply
2) A system used to control the exchange rate of a group of countries. See European Monetary System

Big dictionary of business and management. 2014.

Look at other dictionaries:

  • monetary system — ➔ system * * * monetary system UK US noun [C] ► ECONOMICS the system of money used by a country or countries: European/global/international, etc. monetary system »If we had no debts in our global monetary system, no money could exist …   Financial and business terms

  • Monetary system — A monetary system is anything that is accepted as a standard of value and measure of wealth in a particular region.[1] However, the current trend is to use international trade and investment to alter the policy and legislation of individual… …   Wikipedia

  • monetary system — system of money which deals with interest and rates of exchange …   English contemporary dictionary

  • monetary system — Econ the set of government regulations concerning a country’s monetary reserves and its holdings of notes and coins …   The ultimate business dictionary

  • monetary system — noun anything that is generally accepted as a standard of value and a measure of wealth in a particular country or region • Syn: ↑medium of exchange • Hypernyms: ↑standard, ↑criterion, ↑measure, ↑touchstone • Hyponyms: ↑ …   Useful english dictionary

  • European Monetary System — There are three stages of monetary cooperation in the European Union. Stage I European Monetary System (EMS) was an arrangement established in 1979 under the Jenkins European Commission where most nations of the European Economic Community (EEC)… …   Wikipedia

  • Ripple monetary system — Ripple is an open source software project for developing and implementing a protocol for an open decentralized payment network. In its extreme form, the Ripple network could be a peer to peer distributed social network service with a monetary… …   Wikipedia

  • European Monetary System — (EMS) a European monetary unit, an exchange rate intervention mechanism and a transfer mechanism established in 1978 under the law of the European Communities. It is this system that established the European Currency Unit (ECU), a currency used… …   Law dictionary

  • European Monetary System — ( EMS) A system adopted by European Community members with the aim of promoting stability by limiting exchange rate fluctuations. The system was originated in 1979 by the nine members of the European Community ( EC). The EMS comprised three… …   Financial and business terms

  • international monetary system — UK US noun [S] ► ECONOMICS, FINANCE, GOVERNMENT the system of rules that controls the exchange of currencies among countries, and that is designed to allow international trade and investment to work effectively: »A stable international monetary… …   Financial and business terms

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.