International Money

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August 31, 2024 4 min read Definitions
European Currency Unit: A Historical Overview
Finance Economics Ecu European Economic Community European Monetary System Euro International Money
The European Currency Unit (Ecu) was a pivotal unit of account introduced by the European Economic Community in 1979. It played a critical role in shaping the modern Euro before being replaced in 1999.
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August 31, 2024 4 min read Definitions
Special Drawing Rights: A Form of International Money
Finance Economics International Finance IMF Currency International Money SDR Balance of Payments
Special Drawing Rights (SDRs) are an international monetary resource in the International Monetary Fund (IMF), defined as a weighted average of various convertible currencies. This article covers the historical context, types, key events, mathematical models, and their importance and applicability in modern finance.
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