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Search results for: “national currency”

  • International Encyclopedia of Comparative Law

    International Encyclopedia of Comparative Law International Encyclopedia of Comparative Law (IECL) is a multivolumen (17-volume Encyclopedia), one of the well-known law works, a much-cited reference work, and an ambitious project that brings together works from leading scholars in comparative law. Maybe because its ambition it is somewhat dated. The International Encyclopedia of Comparative Law appears…

  • Currency Controls

    Currency Controls and International Trade Resources See Also exchange controls

  • Currency Controls

    Currency Controls and International Trade Resources See Also exchange controls

  • Key Currency

    The currency of a major trading nation widely accepted in settlement of international accounts. At present, eight currencies are regarded as key currencies and are known as the Big Eight ("http://lawin.org/list-of-international-trade-law-terms/">read this and related legal […]

  • Currency Option

    Currency Option in International Trade Meaning of Currency Option, according to the Dictionary of International Trade (Global Negotiator): The contractually agreed right to buy (call option) or to sell (put option) a specific amount of foreign currency at a predetermined price on a specific […]

  • Currency Adjustment Factor

    A surcharge imposed on ocean freight by a carrier to offset or mitigate the impact of exchange rate fluctuations upon his freight revenue….

  • European Currency Unit (ECU)

    European Currency Unit (ECU) and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of European Currency Unit (ECU): A unit of value based on a "currency basket" comprising specific amounts of the […]

  • Floating Currency

    Floating Currency in International Trade Meaning of Floating Currency, according to the Dictionary of International Trade (Global Negotiator): One whose value in terms of foreign currency is not kept stable (on the basis of the par value or a fixed relationship to some other currency) but […]

  • Cryptocurrency

    Cryptocurrency Cryptocurrency refers to a math-based, decentralized convertible virtual currency that is protected by cryptography, i.e., it incorporates principles of cryptography to implement a distributed, decentralized, secure information economy. Cryptocurrency relies on public and private keys to transfer value from one person (individual or entity) to another, and must be cryptographically signed each time it…

  • Soft Currency

    A national currency that, because of exchange controls, is not freely convertible into gold or other currencies. Such controls are usually manifest in officially set rates of exchange that do not reflect the price of the soft currency, were it permitted to trade freely….

  • Closed Virtual Currency

    Closed Virtual Currency Closed Virtual Currency in the E-Commerce Law Non-convertible (or closed) virtual currency is specific toa particular virtual world, such as a Massively Multiplayer Online Role-Playing Game (MMORPG), and cannot be exchanged for fiat currency under the rules governing its use. Examples: Project Entropia Dollars; Q Coins; and World of Warcraft Gold. All…

  • Foreign Currency Account

    Foreign Currency Account in International Trade Meaning of Foreign Currency Account, according to the Dictionary of International Trade (Global Negotiator): An account maintained in a foreign bank in the currency of the country in which the bank is located. When such accounts are kept, they […]

  • Convertible virtual currency

    Convertible (or open) virtual currency Convertible (or open) virtual currency may be either centralized or decentralized. Convertible virtual currency has an equivalent value in real currency and can be exchanged back-and-forth for real currency. Examples include: Bitcoin; e-Gold (defunct); Second Life Linden Dollars; and WebMoney. “Bitcoin” (capitalized) refers to both the open source software used…

  • Convertible Currency

    Convertible Currency in International Trade Meaning of Convertible Currency, according to the Dictionary of International Trade (Global Negotiator): A currency of a nation that may be exchanged for that of another nation without restrictions. Countries with convertible currencies typically […]

  • International Political Economy Issues

    Introduction to International Political Economy Future DirectionsSince the end of the Cold War, liberalism has generally prevailed over mercantilism and Marxism in academic and policy debates regarding the international political economy. The global expansion in international trade, busines…