Historically, there were also periods of bimetallism, when the gold standard was combined with a silver standard, and currencies were fixed in terms of both gold and silver.
"His work, and his colleagues', laid to rest the idea that the brain is fixed in terms of its composition; that's now regarded as nonsense," said James McGaugh, a professor of neurobiology and behavior at the University of California, Irvine.
In the late 19th and early 20th centuries, currencies' values were fixed in terms of gold, which meant that monetary policy could not be used to smooth out swings in demand.
No, being a goldbug means asserting that gold offers unique security in troubled times; it also means asserting that all would be well if we abolished the Federal Reserve and returned to the good old gold standard, in which the value of the dollar was fixed in terms of gold and that was that.
Operational variables used in the simulation, such as reaction temperature, pressure and oxidant excess, have been fixed in terms of experimental results obtained in the pilot plant of the Chemical Engineering Department at the University of Valladolid (Spain).
The thermal boundary conditions used in this study are as follows: At the vertical boundaries of the model box, the temperature depth profile is fixed in terms of time.
Due to the nature of high altitude winds, these SST tracks were fixed in terms of their co-ordinates, unlike the North Atlantic Tracks at lower altitudes whose co-ordinates alter daily according to forecast weather patterns (jetstreams).
Debt levels are fixed in nominal terms whereas asset prices can go up or down.
Since loans are fixed in nominal terms, falling wages and prices increase the burden of paying them.
Bonds and loans that are fixed in nominal terms become less attractive to investors than assets like commodities and buildings whose prices move with inflation.
