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Investing Glossary:
Price-specie flow mechanism
Copyright 2010,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Term: |
| Price-specie flow mechanism
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| Definition: |
| Adjustment mechanism under the classic Gold standard allowing disturbances in the price level in one country to 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.
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