numeraire


Also found in: Financial.

numeraire

(ˌnjuːməˈrɛə; French nymerɛr)
n
1. (Economics) economics a unit or an item of commerce in which prices are measured
2. (Currencies) finance a unit of currency against which other currencies are measured
References in periodicals archive ?
Pour rappel, dans le cadre de son rapprochement avec BGPP, Auplata avait annonce que les fonds leves au titre de l'augmentation de capital en numeraire seront exclusivement affectes a l'exercice d'une option d'achat permettant d'augmenter la participation indirecte dans la Compagnie Miniere de Touissit (CMT), a hauteur de 18,50% de son capital et de ses droits de vote.
Le numeraire se compose de trois monnaies anterieures au principat augusteen--un denier fourre de Bolskan, probablement de la periode des guerres sertoriennes, un quinaire republicain de 97 a.
This was previously done using Bitcoin (because it was efficient and more anonymous than PayPal), but more recently Numerai launched its own token, Numeraire (NMR), on Ethereum, the public blockchain which has spawned a multitude of trustless, decentralized applications.
The first final good is the numeraire, so its price will, as usual, be considered as [p.sub.1] = 1.
Shadow pricing : A numeraire in real, present-value terms is generally sufficient for most commercial calculations.
Divergent views between monetary schools of thought originate from these aspects: modern analyses effectively downplay the function of money as a medium of exchange in relation to its role as a store of value or unit of account when constructing models based on a barter economy in which a numeraire is later introduced.
Specifically, the SDR's three roles - an official reserve asset, a currency used more broadly in financial activity, and a numeraire - could ensure greater official liquidity, expand the range of new assets used around the world in public and private transactions, and boost its use as a unit of account.
Specifically, the SDR's three roles -- an official reserve asset, a currency used more broadly in financial activity and a numeraire -- could ensure greater official liquidity, expand the range of new assets used around the world in public and private transactions, and boost its use as a unit of account.
An indispensable point is the choice of the numeraire when determining the forward-neutral measure [Q.sup.T].
The valuation effect arises because external debt is denominated in different currencies, and the US dollar value which is the international numeraire for debt, fluctuates over time vis-a-vis other currencies.