Currency Board System

GPTKB entity

Statements (48)
Predicate Object
gptkbp:instanceOf gptkb:currency
gptkbp:abolished Argentina (2002)
Estonia (2011)
Lithuania (2015)
gptkbp:advantage credibility
low inflation
vulnerability to external shocks
currency stability
limited response to crises
no lender of last resort
gptkbp:alsoKnownAs currency board arrangement
gptkbp:anchorCurrencyExample gptkb:US_dollar
gptkb:euro
gptkb:British_pound
Singapore dollar
gptkbp:connectsTo anchor currency
gptkbp:contrastsWith central banking system
gptkbp:feature fixed exchange rate
automatic convertibility
full foreign reserve backing
no discretionary monetary policy
https://www.w3.org/2000/01/rdf-schema#label Currency Board System
gptkbp:issuedBy gptkb:currency
gptkbp:limitation monetary policy flexibility
gptkbp:notableExample gptkb:Bulgarian_National_Bank
gptkb:Hong_Kong_Monetary_Authority
Brunei Currency and Monetary Board
Gibraltar Currency Board
gptkbp:originatedIn gptkb:British_colonies
19th century
gptkbp:purpose maintain currency stability
control inflation
promote confidence in currency
gptkbp:regulates currency issuance
money supply
gptkbp:requires foreign currency reserves
gptkbp:usedIn gptkb:Bermuda
gptkb:Brunei
gptkb:Bulgaria
gptkb:Estonia
gptkb:Falkland_Islands
gptkb:Gibraltar
gptkb:Hong_Kong
gptkb:Isle_of_Man
gptkb:Lithuania
Argentina (1991-2002)
gptkbp:bfsParent gptkb:Linked_Exchange_Rate_System
gptkbp:bfsLayer 7