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 ?
This vestige of ancient legislators' interference in money's free development was to play a crucial role, first in die substitution throughout Western economies of die gold standard for previous silver and bimetallic standards, and eventually in that standard's own undoing.
Although booms and busts are still possible under a gold standard, they are kept under tighter control.
The Gold Standard contract is managed by the specialist risk management services of one of Frontier's parent companies and is available on all feed wheat sales.
We interviewed the CEO, COO, or CFO in each of the Gold Standard Performance facilities in an effort to identify the characteristics and practices that enabled these organizations to perform successfully in a challenging operational environment.
On page two of the introduction, he expresses qualified agreement with the gold standard interpretation of the Depression.
However, the limitations of the experimental design are ignored in the gold standard editorial.
An important implication of this paper is that the gradual replacement of the gold standard by fiat money regimes should have led modern Keynesian economists to move away from some of the most distinctive features of 1930s Keynesianism (such as monetary policy ineffectiveness, deficit spending, the paradox of thrift, and protectionism.
Despite our experience with the gold standard, some opinion-makers still long nostalgically for a return to it.
1991) that Barry Eichengreen's Golden Fetters, a history of the interaction between the gold standard and macroeconomic stability in the interwar period, is "a brilliant new book.
In recent years, my research has focused on three topics that I discuss here: the performance of the gold standard and its Bretton Woods variant; the gold standard as a rule - that is, as a credible commitment mechanism; and the performance of alternative monetary rules.
of Toronto, Canada, won a motion for partial summary judgment in its legal battle with Gold Standard Inc.
In the United States, the Resumption Act had restored the gold standard in 1879, and the Gold Standard Act of 1900 had established gold as the ultimate standard of value.
2 million employees and family members are benefiting from the vision and leadership of the more than 135 employers who have chosen to become Gold Standard accredited.
72 per unit (a Unit ) with each Unit comprised of one common share of Gold Standard and one-half of one common share purchase warrant.
M2 EQUITYBITES-October 11, 2011-Ruby Creek Resources Inc gets Gold Standard Mining License for gold mining in Tanzania(C)2011 M2 COMMUNICATIONS http://www.