currency board

A. There is nothing wrong with the currency board system concept.

"The currency board system was only an alternative," he said.

A currency board system is automatic, like a gold standard.

During the second half of 2001, the pressure mounted on the currency board but there was no clear way out.

At around this time Lithuania also established a currency board.

The Government announced that it would move ahead to establish a currency board system.

"The currency board is one way of overcoming the crisis."

A currency board works to maintain a fixed exchange rate.

Still, a currency board would expose the economy's most vulnerable side.

Economists, however, doubt that a currency board would work in Russia.

Most analysts concede, though, that a currency board might work.

"Indonesia really doesn't have the characteristics that one would look for when they think of a currency board."

He was not involved in the launching of the currency board."

The central bank in a country with a currency board is reduced to a clerical role.

The present-day currency board, however, has certain advantages over the gold standard.

If successful, a currency board could prove useful in restoring confidence.

Currency board arrangements are the most widespread means of fixed exchange rates.

"It effectively means they're going to implement a currency board but don't want to give a timetable," he said.

A currency board is a way to stabilize economically shaky nations.

Q. So the currency board is not to blame?

This is proposed for countries which have currency boards.

Currency boards have been successful in restoring economic discipline when used at a time of stability.

A system based on a currency board goes one step further than a system of fixed exchange rates.

Testing the resolve of the nation with a currency board could prove a recipe for disaster.

Argentina abandoned its currency board in January 2002 after a severe recession.