| 词汇 | convertibility |
| 释义 | convertibility noun[ U ] uk /kənˌvɜːtəˈbɪləti/us FINANCE, STOCK MARKET the fact of being able to exchange one type of currency, share, etc. for another: currency convertibility Examples of convertibilityconvertibility Monetary instability was lessening towards the restoration of convertibility. Convertibility was finally restored in 1867 (at 1864's actual prices) and lasted until 1876. I didn't think we were going to make a change in exchange rates without, in effect, suspending dollar convertibility into gold for a while. The orthodox gold supporters attained a resumption of convertibility, but the voices for employment and against deflation attained a significant devaluation from the pre-war parity. Progress towards full convertibility was a decisive step in the full politicization of industrial relations. The financial gold standard was defended as a universal standard that liberated international trade by ensuring convertibility. The draining of reserves in the debtor countries accelerated and monetary policy was tightened to ensure gold convertibility. The progress of sterling towards convertibility had immense consequences for macroeconomic policy and broader, domestic political economy. As a preliminary result towards soundness, we show that the interpretation is sound with respect to subtyping and convertibility. Both calculi are however isomorphic if we consider terms up to renaming/simplification (and consequently up to convertibility). Under the gold standard, as noted, convertibility was an outcome of convergence in domestic monetary practices across countries. On the one hand, there was the need to obtain the financial support required by the convertibility plan. The following decade would see moves to formalise the convertibility of agricultural to non-agricultural land within a larger policy of land liberalisation. The government's decision to suspend convertibility was earth-shattering. It is perhaps the exchange of these exotics that made the use of cattle and currency possible and enabled their convertibility. See all examples of convertibility These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. |
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