|
|
Reserve currency |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Reserve currencyA currency that is used as international reserves, often because it is an intervention currency. See also seigniorage.Reserve currencyA foreign currency held by a central bank or monetary authority for the purposes of exchange intervention and the settlement of intergovernmental claims.Reserve currency Similar MatchesCurrency reservesCurrency reservesThis usually means international reserves. Currency arbitrageCurrency arbitrageTaking advantage of divergences in exchange rates in different money markets by buying a currency in one market and selling it in another market. Optimal currency areaOptimal currency areaThe optimal grouping of regions or countries within which exchange rates should be held fixed. First defined (as "optimum currency areas") by Mundell (1961). Virtual currency optionVirtual currency optionA new option contract introduced by the PHLX in 1994 that is settled in US dollars rather than in the underlying currency. These options are also called 3-Ds (dollar-denominated delivery). Common currencyCommon currencyA currency that is shared by more than one country. Thus the currency of a currency area. Further SuggestionsOver-valued currencycurrency loan Currency devaluation Currency factor Currency futures contract Currency risk sharing Currency future Strong Currency Currency eurocurrency currency swap Currency speculation Currency in circulation Currency option Currency bloc currency conversion Currency area Currency depreciation Currency Currency in circulation Foreign currency translation Intervention currency Under-valued currency Foreign currency option Comptroller of the Currency |
|
|
|