The phrase "monetary rectitude" is correct and usable in written English.
It means the quality of being honest and correct in financial matters. Example: The company's success can be attributed to its strict adherence to monetary rectitude, as they always pay their bills on time and never engage in fraudulent activities.
It has even risen against that traditional icon of monetary rectitude, the Swiss franc.
The U.S. call for coordinated fiscal stimulus may justifiably rankle in parts of Europe where fiscal and monetary rectitude are article of faith.
For southern Europe as a whole, the single currency has proved to be a golden cage, forcing greater fiscal and monetary rectitude but removing the exchange rate as a critical cushion against unexpected shocks.
Unfortunately, that old-time economic religion, with its narrow-minded insistence on monetary rectitude at the expense of every other consideration, has had a revival in recent years, thanks largely to the promotional efforts of right-wing think tanks.
To the dismay of markets, Ms Rousseff has yet to name Mr Mantega's replacement, who would be implementing the cuts.Even if it is sincere, the government's new-found monetary and fiscal rectitude should thus be taken with caution, for two reasons.
Ms Silva pledges fiscal rectitude (with a new budgetary watchdog); monetary rigour (by granting the Central Bank autonomy); and a freely floating exchange rate.
A country that had just lost the trust of investors in its fiscal rectitude could scarcely build a credible monetary system from scratch.
In the short run, so long as creditor countries (and that means principally Germany) insist only on budgetary rectitude and reject all proposals for further monetary and fiscal stimulus, that performance seems unlikely to improve.
ANOTHER month, another review by the International Monetary Fund of Argentina's economy and another gesture of fiscal rectitude by the Peronist government of Néstor Kirchner.
The central-bank governor, Haruhiko Kuroda, was formerly at the Ministry of Finance, where raising the tax to bring the country's finances back onto the path of rectitude is a quasi-religious tenet; and he may have calculated that his monetary easing gave Mr Abe the leeway to raise the tax.
In Strasbourg José Manuel Barroso, the European commission president, said the EU economic and monetary affairs commissioner Olli Rehn would be given extra powers to police the euro – and enforce fiscal rectitude under revised economic governance.
