English version


From Longman Business Dictionarystabilizationsta‧bi‧li‧za‧tion /ˌsteɪbəlaɪˈzeɪʃən-lə-/ (also stabilisation British English) noun [uncountable]1the process of becoming firm, steady, or unchangingThe government’s reforms have failed to produce the desired price stabilization.2ECONOMICS when a government changes its tax or MONETARY POLICY in order to prevent large or sudden movements in the level of prices, unemployment etcThe economic stabilization plan resulted in higher interest rates and taxes.Ministers have talked about shifting economic policy from one of stabilization to one of growth.3ECONOMICS when a country buys and sells its own currency on FOREIGN EXCHANGE MARKETs in order to control its valuePressure on exchange rates resulted in calls by the leading industrialized countries for currency stabilization.
Pictures of the day
What are these?
Click on the pictures to check.