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Common currency |
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Common currencyA currency that is shared by more than one country. Thus the currency of a currency area.Similar MatchesCurrency areaCurrency areaA group of countries that share a common currency. Originally defined by Mundell (1961) as a group that have fixed exchange rates among their national currencies. Currency basketCurrency basketA group of two or more currencies that may be used as a unit of account, or to which another currency may be pegged. Currency swapCurrency swapAn agreement to swap a series of specified payment obligations denominated in one currency for a series of specified payment obligations denominated in a different currency. Currency unionCurrency unionA group of countries that agree to peg their exchange rates and to coordinate their monetary policies so as to avoid the need for currency reallignments. Currency blocCurrency bloc1. A group of countries that share a common currency; a currency area. 2. A group of countries that peg their different national currencies to a single currency. Further SuggestionsCurrency devaluationCurrency reserves Over-valued currency Foreign currency forward contract Currency factor Currency depreciation Convertible currency Eurocurrency Currency crisis Foreign currency option Currency overvaluation Vehicle currency Reserve currency Multicurrency loans Currency board Currency call option Currency in circulation Currency Board Foreign currency translation Currency Comptroller of the Currency Blocked currency Currency swap Currency hedge Foreign currency mortgage |
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