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Currency Board |
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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 overvaluationCurrency overvaluationApplies mainly to international equities: (1) consideration that a currency is overvalued if private demand for the currency at the going exchange rate is less than total private supply (i.e., central banks are buying up the difference, supporting the value of the currency through foreign exchange intervention); (2) currency value exceeding purchasing power parity. Net currency exposureNet currency exposureExposure to foreign exchange risk> after netting all intracompany cash flows. Currency no longer issuedCurrency no longer issuedOld and new series gold and silver certificates, Federal Reserve notes, national bank notes, and 1890 Series Treasury notes. Currency loanCurrency loanA term used when money is borrowed in a foreign currency. Currency in circulationCurrency in circulationPaper money, coins, and demand deposits that constitute all the money circulating in the economy. Further SuggestionsCurrency futures contractCurrency appreciation Asian Currency Units (ACU) Moscow Interbank Currency Exchange (MICEX) Currency reserves Multicurrency clause Currency selection eurocurrency Currency risk sharing Hard currency Currency arbitrage Canonical model of currency crises Foreign currency translation Blocked currency Currency risk Vehicle currency Currency future Convertible currency hard currency Currency area Reporting currency Multicurrency loans Currency revaluation Currency call option Reserve currency |
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