Exchange Currency

currency board

An organization which is tasked with keeping the value of a currency level with another currency. This requires the maintenance of a certain exchange rate in respect to the other currency. A currency board often serves a similar function to a central bank, and is designed to remove the central bank from its discretionary role of adjusting money supply and interest rates. By using a currency board a country is no longer in control of its monetary policy.

Related information about currency board:
  1. Currency board - Wikipedia, the free encyclopedia
    A currency board is a monetary authority which is required to maintain a fixed exchange rate with a foreign currency. This policy objective requires the ...
     
  2. Argentine Currency Board - Wikipedia, the free encyclopedia
    The Argentine Currency Board pegged the Argentine peso to the U.S. dollar between 1991 and 2002 in an attempt to eliminate hyperinflation and stimulate ...
     
  3. Currency Board Definition | Investopedia
    A monetary authority that makes decisions about the valuation of a nation's currency, specifically whether to peg the exchange rate of the local currency to a ...
     
  4. The Currency Board: Understanding The Government's Bank
    Jul 2, 2011 ... Currency board, central bank - what's the difference? Find out more about this little-known monetary authority.
     
  5. Chapter Five: Currency Boards - Institute for International Economics
    A currency board regime is one where the domestic currency (M0 money) is backed ... and where the currency board is obligated to convert domestic currency ...
     
  6. Currency Boards - Cato Institute
    has played a role in the design and establishment of the currency board systems estab- lished in the 1990s (Hanke and Schuler 1991a, 1991b; Hanke, Jonung, ...
     
  7. What is currency board? definition and meaning
    Definition of currency board: An organization which is tasked with keeping the ... By using a currency board a country is no longer in control of its monetary policy.
     
  8. CURRENCY BOARD OR CENTRAL BANK? Lessons ... - Eircom.net
    A currency board is an institutional arrangement for managing a currency with a fixed ... The currency board is much more constrained than the central bank, and ...