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Currency crisis |
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Currency 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.Similar MatchesForeign currency optionForeign currency optionAn option that conveys the right (but not the obligation) to buy or sell a specified amount of foreign currency at a specified price within a specified time period. Currency diversificationCurrency diversificationUsing more than one currency as an investing or financing strategy. Exposure to a diversified currency portfolio typically entails less exchange rate risk than if all the portfolio exposure were in a single foreign currency. Foreign currency forward contractForeign currency forward contractAgreement that obligates its parties to exchange given quantities of currencies at a prespecified exchange rate on a certain future date. Currency selectionCurrency selectionAsset allocation in which the investor chooses among investments denominated in different currencies. Convertible currencyConvertible currencyA currency that can legally be exchanged for another or for gold. In times of crisis, governments sometimes restrict such exchange, giving rise to black market exchange rates. Further SuggestionsStrong CurrencyReporting currency Canonical model of currency crises Eurocurrency deposit Optimal currency area Currency reallignment Currency basket Currency risk Currency risk Vehicle currency Currency Board currency loan Currency call option Currency area Currency revaluation Currency hedge Under-valued currency Currency in circulation Currency Multicurrency clause Currency futures contract currency conversion European Currency Unit Base currency Foreign currency futures contract |
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