numeraire

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Numeraire

The unit of measure, especially of price. Historically and in the present, money, gold and other commodities have been common numeraires.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

numeraire

a monetary unit that is used as the basis for denominating international exchanges in a product or commodity, and financial settlements, on a common basis. For example, the US DOLLAR is used as the numeraire of the oil trade, and the SPECIAL DRAWING UNIT is used as the numeraire of the internal financial transactions of the INTERNATIONAL MONETARY FUND.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
This cautionary note is not intended in any way to cast doubt on the validity of the numeraire approach; rather it is to stress that in using numeraires we are dealing in equivalent and not absolute values.
Money is the preferred numeraire only when discussing market values.
As it is shown below, while the qualitative response to monetary innovations will in general not depend on the choice of the numeraire, the same is not true for the response to changes that modify the relative price between traded and non-traded goods (i.e., the "real exchange rate").
It improves upon Solnik's [1983] and Ross and Walsh's [1983] international arbitrage pricing models (IAPM) by (i) allowing both stochastic inflation and stochastic PPP deviations, (ii) demonstrating how returns may be translated into any nominal or real numeraire, and (iii) emphasizing the dynamic nature of international asset pricing.
Selon ce reglement, l'investissement a l'etranger peut etre [beaucoup moins que] la creation de societes, de succursales, la prise de participation dans des societes existantes sous forme d'apports en numeraires ou en nature, ou encore l'ouverture de bureau de representation [beaucoup plus grand que].
L'elan de solidarite de l'Algerien ne se fait pas uniquement par l'octroi de dons en numeraires ou en colis alimentaires, mais aussi en offrant un peu de son sang a ceux qui en ont le plus besoin.
C'est aussi le jour oE chacun, notamment les plus nantis, de faire Aumone du 10e de leurs revenus en numeraires, en bijouxou en recoltes de l'annee precedente.
Selon la commissaire Djamila Temmar, chargee de la communication au niveau de la Surete de wilaya, suite a une plainte d'une citoyenne, demeurant a Tizi Ouzou, pour vol par effraction de bijoux et de numeraires, commis durant ce mois d'aout, les services de police de la premiere surete urbaine ont entrepris des investigations qui ont abouti a l'identification de l'auteur du delit, E.