BNET Business Dictionary
Business Definition for: Currency
- the money in circulation in a particular country
Wiktionary Definition for: Currency
- Money or other item used to facilitate transactions.
- Ex: ''wampum was used as a '''currency''' by Amerindians.''
- a countable unit which symbolize real value
- Acceptance or use.
- Ex: ''The jargon jargon's '''currency'''.''
- The state of being current.
Additional Resources
- Pricing Currency Risk: Facts and Puzzles from Currency Boards
- Hard pegs, such as currency boards, intend to reduce or even eliminate currency risk. This paper investigates the patterns and determinants of the currency risk premium in two currency boards -- Argentina and Hong Kong. Despite the presumed rigidity of currency boards, the currency premium is almost always positive and...
- White papers 2003-01-01
- The Dollar as a Reserve Currency
- Bob Mcteer submits: Much hand-wringing is taking place over the reduction or possible loss of the dollar’s reserve currency status. That’s a bit ironic since the whole concept of a reserve currency is no longer valid in a system of floating exchange rates. Under the...
- External links 2009-10-23
- WisdomTree Files For a Slew of New Currency ETFs
- Roger Nusbaum submits: Here is the list of currency ETFs filed for by WisdomTree, according to IndexUniverse:WisdomTree Dreyfus Chilean Peso FundWisdomTree Dreyfus Czech Koruna FundWisdomTree Dreyfus Hong Kong Dollar FundWisdomTree Dreyfus Hungarian Forint FundWisdomTree Dreyfus Israeli Shekel FundWisdomTree Dreyfus Icelandic Krona FundWisdomTree Dreyfus Indonesian Rupiah FundWisdomTree Dreyfus Malaysian Ringgit...
- External links 2008-08-31
- The Complete List of Currency ETFs
- Chance Carson submits: The number of Foreign Currency ETFs and ETNs has exploded in the past year. Our readers at AboutETFs.com have asked us repeatedly to publish an updated list of all currency ETFs and currency ETNs. So, by popular demand, here they are as of September 1, 2008: INDIVIDUAL CURRENCY...
- External links 2008-09-03
- A Running Summary of Facebook's Virtual Currency Tests
- Facebook has been conducting a variety of virtual currency-related tests over the last few months – so many that it can be hard to keep track of them all. So we've pulled them all together into one list so you can easily find the details you're looking for. Check out...
- News items 2009-08-27
- IMF Head Eyes Global Currency Change
- By Alan Wheatley and Simon RabinovitchBEIJING (Reuters UK) - The imperative of greater global currency stability means the world can no longer rely, as it has done since the end of the gold standard, on a currency issued by a single country, the head of the IMF said on Tuesday.Dominique...
- News items 2009-11-17
- IMF Head Eyes Global Currency Change, Presses on Yuan
- By Alan Wheatley and Simon RabinovitchBEIJING (Reuters) - The imperative of greater global currency stability means the world can no longer rely, as it has done since the end of the gold standard, on a currency issued by a single country, the head of the IMF said on Tuesday.Dominique Strauss-Kahn,...
- News items 2009-11-17
- The Interactions Between Debt and Currency Crises -Common Causes or Contagion?
- In contrast to the well-known twin currency and banking crises the literature has so far neglected a second type of twin crises, the simultaneous occurrence of currency and debt crises. This empirical analysis finds some evidence that one-year lagged debt crisis strongly Granger causes currency crisis and two-year lagged currency...
- White papers 2004-12-01
- Currency Management - Time to Act
- UK pension schemes continue to increase their allocation to overseas assets. In doing so, they expose themselves to an additional risk factor, namely currency risk. Some of the largest schemes have implemented currency management programmes, which are used to reduce currency risks or, because the currency markets are inefficient, provide...
- White papers 2005-04-01
- FOREIGN CURRENCY COUNTRY CEILINGS
- Moody's Investors Service has today placedBulgaria's Ba1 and Not Prime foreign currency country ceilings as well asthe Ba1 foreign and local currency government bond ratings, as well asthe Ba1 local currency deposit ceiling on review for possible upgrade.Moody's Investors Service has today placedBulgaria's Ba1 and Not Prime foreign currency country...
- Research articles 2005-12-21
- At deadline.(Somerset County Council Pension Fund contracts with Record Currency Management Ltd.)(Franklin Resources Inc.'s James Baio resigning)(Bear Stearns Companies Inc. reported 50.2 billion assets)
- Somerset adds overlay The Somerset County Council Pension Fund hired Record Currency Management to run a nominal [pounds sterling]400 million ($752.7 million) in an active pure-alpha currency strategy, along with a passive currency overlay on abou Somerset adds overlay The...
- Research articles 2006-09-18
- TURKEY: MOODY'S ASSIGNS BAA1/PRIME-2 LOCAL CURRENCY DEPOSIT RATINGS TO TURK EKONOMI BANKASI.
- Moody's Investors Service has assigned local currency deposit ratings of Baa1/Prime-2 to Turk Ekonomi Bankasi TEB. The outlook on the Baa1 long-term local currency deposit rating is positive. TEB's Baa1 local currency deposit rating is derived f Moody's Investors Service has assigned local...
- Research articles 2007-05-27
- BULGARIA: FOREIGN CURRENCY COUNTRY CEILINGS.
- Moody's Investors Service has today placed Bulgaria's Ba1 and Not Prime foreign currency country ceilings as well as the Ba1 foreign and local currency government bond ratings, as well as the Ba1 local currency deposit ceiling on review for possib Moody's Investors Service...
- Research articles 2005-12-20
- MOLDOVA: MOODY'S UPGRADES MOLDOVA'S FOREIGN CURRENCY COUNTRY CEILING.(Brief Article)
- Moody's Investors Service has upgraded the foreign-currency country ceiling and the one outstanding foreign-currency government bond of the Republic of Moldova to Caa1 from Ca. The foreign currency ceiling for bank deposits was upgraded to Caa2 fr Moody's Investors Service has upgraded the...
- Research articles 2003-05-08
- Currency Wars: Swiss Franc Edition
- Avery Goodman submits: On March 12th, 2009, there was panic in the currency streets. Safe haven investors and speculators alike were hiding from canon fire being launched out of the Swiss National Bank (SNB). Meanwhile, they were selling every Swiss franc in sight....
- External links 2009-03-16
- Are Currency Boards a Cure for All Monetary Problems?
- Currency board arrangements may be coming back into fashion. What recent successes have countries had with currency boards and in what circumstances are they most likely to be effective? The article explains about economic credibility, low inflation, and lower interest rates are the immediately obvious advantages of a currency...
- White papers 1998-12-01
- MOODY'S ASSIGNS AAA FOREIGN CURRENCY AND AA1 LOCAL CURRENCY ISSUER RATINGS TO CITY OF NAGOYA
- Moody's Investors Service has assigned Aaa foreign currency and Aa1 local currency issuer ratings to City of Nagoya. The outlook for the City's rating is stable. This is the first time that Moody's has assigned a rating to City of Nagoya. The ratings are Moody's Investors Service has assigned Aaa...
- Research articles 2007-11-07
- MOODY'S DOWNGRADES CYPRIOT BANKS' FOREIGN CURRENCY DEPOSIT AND FOREIGN CURRENCY BOND RATINGS
- Moody's Investors Service has downgraded the foreign currency deposit and foreign currency bond ratings of Cypriot banks, concluding a review for a possible downgrade on Bank of Cyprus and Hellenic Bank. Moody's further notes that while it is downgrading Moody's Investors Service has downgraded the foreign currency deposit and foreign...
- Research articles 2003-08-06
- MOODY'S ASSIGNS AAA FOREIGN CURRENCY AND AA1 LOCAL CURRENCY ISSUER RATINGS TO JAPAN'S NIIGATA PREFECTURE
- Moody's Investors Service has assigned Aaaforeign currency and Aa1 local currency issuer ratings to NiigataPrefecture. The outlook for the prefecture's ratings is stable. This isthe first time that Moody's has assigned a rating to Niigata Prefecture. The Moody's Investors Service has assigned Aaaforeign currency and Aa1 local currency issuer ratings...
- Research articles 2007-10-25
- JAPAN: MOODY'S ASSIGNS AAA FOREIGN CURRENCY AND AA1 LOCAL CURRENCY ISSUER RATINGS TO CITY OF NAGOYA.
- Moody's Investors Service has assigned Aaa foreign currency and Aa1 local currency issuer ratings to City of Nagoya. The outlook for the City's rating is stable. This is the first time that Moody's has assigned a rating to City of Nagoya. The ratings Moody's Investors Service...
- Research articles 2007-11-07
