PRICE-SPECIE-FLOW MECHANISM


Meaning of PRICE-SPECIE-FLOW MECHANISM in English

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 into balance.

Campbell R. Harvey. Hypertextual finance English glossary.      Английский словарь гипертекстовых финансов.