Matching Pairs Inter Fin Man Chp 2 pt 3Online version Inter Fin Man Chp 2 pt 3 by Ryan Brown 1 Gresham's Law 2 Bimetallism 3 European Monetary Union (EMU) 4 Currency Board 5 Euro-system 6 Gold Standard 7 Louvre Accord an extreme form of the fixed exchange rate regime under which local currency is fully backed by the U.S. dollar or another chosen standard currency. a double standard maintaining free coinage for both gold and silver. an agreement in 1987, prompted by the dollar's decline, in which the G-7 countries (i) cooperate to achieve greater exchange rate stability and (ii) consult and coordinate their macroeconomic policies. the monetary union of 11 countries of the EU that irrevocably fixed their exchange rates and use the common euro currency. a monetary system in which currencies are defined in terms of their gold content. The exchange rate between a pair of currencies is determined by their gold contents. the monetary authority composed of the European Central Bank (ECB) and the central banks of euro-zone countries responsible for implementing the common monetary policy. Under the bimetallic standard, the abundant metal was used as money while the scare metal was driven out of circulation, based on the fact that the ratio of the two metal was officially fixed.
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