monetary system

Also found in: Thesaurus, Financial, Encyclopedia, Wikipedia.
Related to monetary system: international monetary system
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.monetary system - anything that is generally accepted as a standard of value and a measure of wealth in a particular country or regionmonetary system - anything that is generally accepted as a standard of value and a measure of wealth in a particular country or region
criterion, standard, touchstone, measure - a basis for comparison; a reference point against which other things can be evaluated; "the schools comply with federal standards"; "they set the measure for all subsequent work"
legal tender, tender, stamp - something that can be used as an official medium of payment
money - the most common medium of exchange; functions as legal tender; "we tried to collect the money he owed us"
currency - the metal or paper medium of exchange that is presently used
References in classic literature ?
Weller and his friends had scarcely had a moment to reflect upon this singular regulation as connected with the monetary system of the country, when they were rejoined by Pell and Wilkins Flasher, Esquire, who led them to a part of the counter above which was a round blackboard with a large 'W.
Their method of economic exploitation indeed impresses a trained and informed mind as the most frantic and destructive scramble it is possible to conceive; their credit and monetary system resting on an unsubstantial tradition of the worthiness of gold, seems a thing almost fantastically unstable.
As to Mr Merdle, he was so much wanted by the men in the City and the rest of those places, and was such a doosed extraordinary phenomenon in Buying and Banking and that, that Mr Sparkler doubted if the monetary system of the country would be able to spare him; though that his work was occasionally one too many for him, and that he would be all the better for a temporary shy at an entirely new scene and climate, Mr Sparkler did not conceal.
No, no; change the monetary system if you will, but do not meddle with men, with little men; they cry out too much, whereas gold is dumb.
As the Euro debt crisis spreads with wide ranging implications across the globe, a new report by the World Economic Forum, developed in collaboration with Deloitte posits three scenarios for the international monetary system in 2030 based on possible policy choices made by the world's three major currency areas, the Euro, US dollar, and Renminbi (Yuan).
A high-level seminar to discuss possible reforms in the international monetary system to make it more capable of promoting greater global monetary and financial stability will be held Wednesday during the annual governors' meeting of the Asian Development Bank (ADB) in Hanoi, Vietnam.
The BIS also served as a platform where central banks could implement and defend the Bretton Woods international monetary system which was based on freely convertible currencies at fixed but adjustable exchange rates.
We should support free trade and lower taxes (including tariffs), repeal government regulations, and return to a sound monetary system based on gold or silver if we want to remain prosperous.
Two facts brings the dysfunctionalism of our monetary system to light.
Backing that digital monetary system will require real-world gold.
The failure of gradualism led to Nixon's August 15, 1971 bombshell--his "New Economic Policy" that suspended the gold convertibility of the dollar (for foreign official holders of dollars), devalued the dollar, and, more importantly, ended fixed exchange rates, a key feature of the postwar international monetary system established at the Bretton Woods, New Hampshire conference in 1944; at the same time, it imposed a mandatory system of wage-price controls to curb inflation.
When the treaty was concocted, the European Monetary System appeared to be an amazing success.