释义 |
international liquidity international liquidity see INTERNATIONAL RESERVES.international liquidity or international money monetary assets that are generally acceptable as a means of financing INTERNATIONAL TRADE and/or as an INTERNATIONAL RESERVE asset with which to finance BALANCE OF PAYMENTS deficits. For example, the US DOLLAR is used as the NUMERAIRE of the oil trade and also serves as an important reserve asset; the SPECIAL DRAWING RIGHT is used only as a reserve asset. |