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Examples
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Convertibility would also increase the domestic pressure for China to further liberalize its financial system.
The Yuan Scapegoat 2010
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Convertibility would also increase the domestic pressure for China to further liberalize its financial system.
The Yuan Scapegoat 2010
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Convertibility would also increase the domestic pressure for China to further liberalize its financial system.
The Yuan Scapegoat 2010
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Convertibility is akin to setting up a wall in the defense of Naira from hostile local and international currency traders that hoard dollars in Nigeria thus creating artificial demand and scarcity of dollar.
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For a technical proof of the potential "incentive-compatibility" of option clause contracts which depends on the interest obligation being sufficiently stiff, see Gary Gorton, "Bank Suspension of Convertibility," Journal of Monetary Economics, March 1985.
George Selgin on Free Banking, Arnold Kling | EconLog | Library of Economics and Liberty 2009
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Convertibility ceased five days after partition created the independent states of India and Pakistan, and within weeks Britain handed the fate of Palestine over to the United Nations.
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According to the Convertibility Law, the central bank was obliged to convert the austral into dollars at a fixed rate.
THE COMMANDING HEIGHTS DANIEL YERGIN 1998
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According to the Convertibility Law, the central bank was obliged to convert the austral into dollars at a fixed rate.
The Commanding Heights DANIEL YERGIN 1998
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Convertibility, prompt and certain convertibility, into coin is generally acknowledged to be the best and surest safeguard against them; and it is extremely doubtful whether a circulation of United States notes payable in coin and sufficiently large for the wants of the people can be permanently, usefully, and safely maintained.
State of the Union Address (1790-2001) United States. Presidents.
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Convertibility, prompt and certain convertibility, into coin is generally acknowledged to be the best and surest safeguard against them; and it is extremely doubtful whether a circulation of United States notes payable in coin and sufficiently large for the wants of the people can be permanently, usefully, and safely maintained.
State of the Union Address Abraham Lincoln 1837
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