Financial Definition of Price-Specie-Flow Mechanism
Meaning of Price-Specie-Flow Mechanism
Adjustment mechanism under the classical gold standard whereby disturbances in the price level in one country would be wholly or partly offset by a countervailing flow of specie (gold coins) that would act to equalize prices across countries and automatically bring international payments back in balance.
Related Entries of Price-Specie-Flow Mechanism in the Encyclopedia of Law Project
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Price-Specie-Flow Mechanism in Historical Law
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Legal Abbreviations and Acronyms
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