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Terme préférentiel

monetary policy: rules versus discretion  

Définition

  • Under a classical gold standard, there is little need for a central bank other than to provide coordination to the payments system. The value of money is determined by the supply of and the demand for gold. [Source: Encyclopedia of Business in Today's World; Monetary Policy: Rules Versus Discretion]

Concept générique

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URI

http://data.loterre.fr/ark:/67375/N9J-F76M3L5Q-5

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