Currency board

Currency board
A means by which some countries try to defend their currency from speculative attack. A country that introduces a currency board commits itself to converting its domestic currency on demand at a fixed EXCHANGE RATE.

Currency Board
Entity charged with maintaining the value of a local currency with respect to some other specified currency.

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In practice, the effects of a hard peg are achieved only through a currency board or by adopting another country's currency, e.g. dollarization.
Harmful externality
Negative externality.
Harmonization
1.

In other terms, the existence of some successful experiences with fixed exchange rate regimes, including Currency Board arrangements (CB As) prior to EU accession needed to be revisited, even if compatible with the ERM II, ...

In an attempt to control the volatile, exponential growth of the money supply, some countries have created a currency board, or granted independence to their central bank.

Monetary policy is the management of a nation's money supply to achieve economic goals by a central bank or currency board. Monetary policy objectives can include control of inflation, control of exchange rates, or even simply economic stability.

Currency Board
An exchange rate system that means a country has pegged its currency to another, with the board guaranteeing convertibility at a fixed rate ...(Read more)
Currency Conversion ...

Monetary Policy
The actions of a central bank, currency board, or other regulatory committee, that determine the size and rate of growth of the money supply, which in turn affects interest rates.

issuer of Singaporean currency Board of Currency Commissioners: the sole currency issuing authority in Singapore, established in 1967.

The first successful stabilizations, in Poland and Estonia, were based on pegged (temporarily fixed) exchange rates or currency boards with fixed exchange rates.

See also: Banks, Central banks, Saving, Economic Indicator, Crisis