0 the fact of being able to exchange one type of currency, share, etc. for another: --
currency convertibility
It is perhaps the exchange of these exotics that made the use of cattle and currency possible and enabled their convertibility.
The government's decision to suspend convertibility was earth-shattering.
The following decade would see moves to formalise the convertibility of agricultural to non-agricultural land within a larger policy of land liberalisation.
On the one hand, there was the need to obtain the financial support required by the convertibility plan.
Under the gold standard, as noted, convertibility was an outcome of convergence in domestic monetary practices across countries.
Both calculi are however isomorphic if we consider terms up to renaming/simplification (and consequently up to convertibility).
As a preliminary result towards soundness, we show that the interpretation is sound with respect to subtyping and convertibility.
The progress of sterling towards convertibility had immense consequences for macroeconomic policy and broader, domestic political economy.
