| 单词 |
numeraire |
| 释义 |
numeraire Econ.|ˈnjuːmərɛə(r)|
Also numéraire.
[ad. F. numéraire.]
The function of money as a measure of value or unit of account; a standard for currency exchange rates.
1964Gould & Kolb Dict. Soc. Sci. 532/2 In a primitive society two knives might exchange for one calf. Often one good is singled out to serve as a numeraire or common measure for other goods, thus precious metals serve both as a good wanted for particular purposes and as a unit of value and exchange. 1965J. L. Hanson Dict. Econ. & Commerce 302/1 Numeraire, a term sometimes used of the function of money as a measure of value. 1971New Yorker 23 Oct. 118 The Bretton Woods agreement..established the dollar as the numéraire, or measuring rod, against which the value of other currencies was set. 1972National Westminster Bank Quarterly Rev. May 21 Three points constitute the core of the Barber proposals [at the last IMF meetings]: a) That SDRs ‘become the numeraire in terms of which parities are expressed and in relation to which currencies are revalued or devalued’. 1972Times 27 Sept. 21/2 The use of Special Drawing Rights rather than the dollar as the effective numeraire in the new system is widely acceptable. 1973Times 26 Jan. 17/6 It is the European currencies which have been adjusted against the dollar—the numeraire in the exchange system. |
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