GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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19:45 Sep 11, 2011 |
English language (monolingual) [PRO] Social Sciences - International Org/Dev/Coop | |||||||
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| Selected response from: Jack Doughty United Kingdom Local time: 07:18 | ||||||
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SUMMARY OF ALL EXPLANATIONS PROVIDED | ||||
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4 +4 | nominate a hard currency in which the assessed contributions are stipulated |
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4 | Tie in |
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4 | apply an indexation system |
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index Tie in Explanation: Index-link I suppose would be the full term. They are proposing to tie the contributions to stable currencies, ie they would be linked to a stable currency that doesn't fluctuate that much, such that the contributions would remain stable and, crucially, predictable, over the long term, rather than wavering with unstable exchange rates. |
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index nominate a hard currency in which the assessed contributions are stipulated Explanation: E.g. the assessed contributions for someone living in Zaire could be nominated in Swiss francs rather than Zaire dollars, so the contribution would be whatever number of Zaire dollars was necessary to make up the Swiss-france amount, even if the Zaire dollar had devalued a thousandfold since the last payment was made. |
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