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... > social science subjects > business and management > finance > international finance > international monetary system > currency zone
... > social science subjects > business and management > international business > international finance > international monetary system > currency zone
... > social science subjects > business and management > finance > monetary systems > international monetary system > currency zone
... > social science subjects > economics > macroeconomics > monetary theory > monetary systems > international monetary system > currency zone

Preferred term

currency zone  

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]

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https://concepts.sagepub.com/social-science/concept/currency_zone

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