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Gold exchange standard

   Also found in: Encyclopedia, Wikipedia, Hutchinson 0.01 sec.
Gold exchange standard
A fixed exchange rate system adopted in the Bretton Woods agreement. It required the U.S. to peg the dollar to gold and other countries to peg their currencies to the dollar.
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Governments throughout the world, with the United States at the lead, celebrated their liberation from the discipline of the gold exchange standard by printing money with abandon.
Why the dollar is different: Europe, Japan, and China, unlike the ... by Zoakos, Criton M. / The International Economy
The monetary reform of 1923 and the creation of the new stabilizing Rentenmark--"backed by the real estate of the Reich"--paved the way for the establishment of a new currency, the "Reichsmark," which was based on the gold exchange standard.
The Most Powerful Bank: Inside Germany's Bundesbank by Walters, Alan / The National Interest
In May 1931, a run on the Kreditanstalt, the largest Austrian bank, initiated the final defense of the gold exchange standard in Britain.
The International Gold Standard and U.S. monetary policy from World ... by Crabbe, Leland / Federal Reserve Bulletin
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