|
|
Currency Board |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Currency boardAn extreme form of pegged exchange rate in which management of both the exchange rate and the money supply are taken away from the central bank and given to an agency with instructions to back every unit of circulating domestic currency with a specified amount of foreign currency. Operates similar to the gold standard.Currency BoardEntity charged with maintaining the value of a local currency with respect to some other specified currency.Currency Board Similar MatchesCurrency speculationCurrency speculationTo buy or sell a currency in anticipation of its appreciation or depreciation respectively, the intent being to make a profit or avoid a loss. See speculation. Over-valued currencyOver-valued currencyThe situation of a currency whose value on the exchange market is higher than is believed to be sustainable. This may be due to a pegged or managed rate that is above the market-clearing rate, or, under a floating rate, it may be due to speculative capital inflows. Contrasts with under-valued currency. Currency appreciationCurrency appreciationAn increase in the value of one currency relative to another currency. Appreciation occurs when, because of a change in exchange rates, a unit of one currency buys more units of another currency. Common currencyCommon currencyA currency that is shared by more than one country. Thus the currency of a currency area. Currency selectionCurrency selectionAsset allocation in which the investor chooses among investments denominated in different currencies. Further SuggestionsCurrency reservesMulticurrency clause Foreign currency mortgage Soft currency Foreign currency translation Foreign currency option Currency in circulation Currency swap Foreign currency futures contract Currency devaluation Optimal currency area Currency Currency diversification Reporting currency Foreign currency forward contract Moscow Interbank Currency Exchange (MICEX) Currency swap currency loan Net currency exposure Currency call option Base currency Currency depreciation Convertible currency Currency risk sharing European Currency Unit (ECU) |
|
|
|