gold standard


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gold standard

1. Literally, a monetary standard where a currency's value is defined by an existing and fixed amount of gold. There are many who believe that the country should return to the gold standard for a more secure means of issuing currency.
2. By extension, a well-established and widely accepted model or paradigm of excellence by which similar things are judged or measured. Her research methodology in the late 1960s has since become the gold standard for drug trials today.
See also: gold, standard
References in periodicals archive ?
Once again, the awards will recognise a top-level in-country or regional public affairs or communications practitioner through The Prospect Gold Standard Award for Professional Excellence.
In the absence of banks, having a gold standard simply means having coins embodying standard gold units serve as generally accepted exchange media.
NEW DEAL: Frontier Agriculture has launched the Gold Standard contract for wheat.
Gold Standard Performers focus management resources on the execution of the basics, such as cash management, expense control, and revenue growth, by monitoring key operating indicators daily and weekly.
With the gold standard understood as only a part of a nexus of interrelated policies and a convenient expression for describing them, rather than as their source, research can concentrate on the roots of those policies.
The gold standard editorial criticized the social influences approach for attributing "the causes of smoking almost exclusively within the individual.
The evidence that inflation under the gold standard and Bretton Woods was markedly less persistent than under regimes without a nominal anchor suggests that the gold standard rule of convertibility was a credible commitment mechanism.
In 1920, when the United States alone operated the gold standard without restrictions, the Federal Reserve imposed a severe monetary contraction, which defended the gold standard but contributed greatly to a depression.
To earn Gold Standard accreditation, a company must establish programs to reduce cancer risk by discouraging tobacco use; encouraging physical activity; promoting healthy diet and nutrition; detecting cancer at its earliest stages; and providing access to quality care, including participation in clinical trials.
Users can configure their Dash Button to order a specific quantity of their chosen product -- for example, one five-pound tub of Optimum Nutrition Gold Standard 100% Whey in Double Rich Chocolate flavor.
The share consideration is subject to an orderly sale agreement and requires Scorpio to vote its Gold Standard shares as recommended by management for a period of two years.
Elsevier's Gold Standard will provide NNEACC with essential drug information in a streamlined database solution
NEWMARKET'S July course has become the 15th track to achieve ROA Gold Standard Award status, with a formal presentation to be held during racing on Saturday.
The main point to be said in favor of the gold standard is that attempts to manage currencies have proven even more disastrous--as the deflation of 1929 to 1933 and the inflation of 1939 to date have shown.
The Depression of the 1930s remains the ultimate testing ground for theories of macroeconomic fluctuation, while the operation of the gold standard is the ultimate measuring rod for alternative international monetary systems.