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Currency Board
(redirected from Currency Boards)

    Also found in: Wikipedia 0.01 sec.
Currency Board
Entity charged with maintaining the value of a local currency with respect to some other specified currency.
Currency Board
An agency of a government that determines the value of the domestic currency. Specifically, the currency board decides whether to peg the currency to another or to allow it to float. Theoretically, it may also peg the currency to the value of some commodity, such as gold, but that is exceedingly rare. In most developed countries, central banks perform the duties of currency boards. As separate entities, they are found mainly in developing countries.
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He then proposes a formal model for integrating these approaches and applies it to analysis of the theory and empirical evidence on fiscal institutions, addressing budgetary rules and procedures, fiscal decentralization, central bank independence, currency boards, monetary unions, inflation targeting, and bank regulation and supervision.
Macroeconomic institutions and development by Reference & Research Book News
The three eastern European economies with currency boards would do better to focus on improving competitiveness than joining the euro, said Hanke, a professor at Johns Hopkins University and a senior fellow at the Cato Institute in Washington, in a phone interview from Baltimore yesterday.
Hanke Sees 'No Rush' on Euro* by Sofia News Agency
the euro is likely to raise the risk of competitive devaluations of other currency pegs in Central Eastern Europe (CEE), including the currency boards of Estonia, Lithuania and, to a lesser extent, the CBA of Bulgaria.
Euro path: what will the future bring? Possible exchange rate and ... by Hardouvells, Gikas A.; Monokrousos, Platon / The Sofia Echo (Sofia, Bulgaria)
 
 
 
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