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Currency area |
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Currency 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.Similar MatchesBlocked currencyBlocked currencyA currency that is not freely convertible to other currencies due to exchange controls. Foreign currency mortgageForeign currency mortgageIt is possible to get a mortgage for your home in the UK in a mortgage denominated in a foreign currency. It sometimes gives you the opportunity to borrow money at a lower rate of interest than is possible in the UK. You do this by choosing a currency whose country has lower interest rates than we have here. Lower interest rates should mean lower repayments of both capital and interest or a shorter mortgage term. The mortgage does not have to be in any single currency. There are lenders who will allow you to spread your mortgage across a range of different currencies. This could be seen as spreading the risk Currency crisisCurrency crisisThe crisis that occurs when particpants in an exchange market come to percieve that an attempt to maintain a pegged exchange rate is about to fail, causing speculation against the peg that hastens the failure and forces a devaluation. Currency hedgeCurrency hedgeApplies mainly to international equities. Hedging technique to guard against foreign exchange fluctuations (i.e., short Euro l00 mm when holding a long position of Euro l00 mm in stocks). CurrencyCurrencyMoney. Further SuggestionsReserve currencyCurrency basket currency loan Eurocurrency currency conversion Reporting currency Currency revaluation Base currency currency Foreign currency translation Currency no longer issued Virtual currency option Vehicle currency Currency devaluation Currency diversification Hard currency Common currency Currency risk sharing Convertible currency eurocurrency Currency option Currency put option Currency factor Foreign currency option Strong Currency |
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