Band of fluctuation

The band of fluctuation is the range within which the market value of a national currency is permitted to fluctuate by international agreements, or by unilateral decision by the central bank.[1]

Notes and references
  1. Burda, Wyplosz (1997). Macroeconomics: A European Text (2nd ed.). Oxford University Press. ISBN 0199264961.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.