concepts
type: Collection
type: ConceptGroup
member: currency zone

currency zone
type: Concept
broader: international monetary system
definition: A currency zone or optimum currency area is defined as a geographical region in which there is a single currency or several currencies that are pegged to each other so that the currencies can fluctuate only against the rest of the world. Currency zones eliminate exchange rate uncertainties and maximize economic stability within that area. [Source: Encyclopedia of Business in Today's World; Currency Zone]

international monetary system
type: Concept
narrower: currency zone