Exact(3)
For this reason, most barter exchanges operate some sort of shadow currency.
Today, the mile has become a sort of shadow currency, awarded or honored by many businesses, including hotels, car rental agencies and even phone companies and credit card issuers.
Bitcoin has been something of a shadow currency in that it's difficult to buy and sell it.
Similar(56)
But none of these methods works perfectly: eventually domestic credit takes off and inflation accelerates.That is particularly likely when there is a large divergence in economic conditions between the anchor country (in this case America) and those that shadow its currency.
It is their habit of shadowing America's currency, however loosely, that obliges emerging economies to ease monetary policy whenever he does.Policymakers may heed Mr Bernanke's words freeing them to ignore his decisions sooner than he thinks.
Several central banks have bought up asset-backed securities, the basic currency of shadow banking.
It is only nervy investors who see a connection between a failed Chinese shadow bank and tumbling currencies elsewhere.If enough investors get nervous, money will flood out, currencies will fall and a gradual tightening could become a sudden rout.
While George Osborne, the chancellor, and Ed Balls, the shadow chancellor, have said a currency union would be highly unlikely, Jones has said Wales would likely try to block a currency pact because it would threaten the Welsh economy.
In Britain, the single currency cast a shadow over the recent election.
And with the Christmas shopping season officially under way, the shadow economy, with its ersatz currency, is a growing force in the Bay Area.
Where do they now stand on the hamburger standard?In this section Mind your bottom Cliffhanger on Wall Street Asia's spreading shadow The ABC of a currency board The Big Mac index goes east A rubbery sort of economy Burning nicely Tigers' revenge ReprintsDividing the local-currency price of a Big Mac in Thailand by its American price gives a dollar PPP of 20 baht.
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