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Definition of Reserve Currency
A currency, frequently the U.S. dollar, that is used by other countries to denominate the assets they hold as international reserves.
A foreign currency held by a central bank or monetary authority for the purposes of
Dollar deposits held in Singapore or other Asian centers.
A currency that is not freely convertible to other currencies due to exchange controls.
An overly aggressive accrual of operating expenses and the creation of
Taking advantage of divergences in exchange rates in different money markets by
The value of a portfolio of specific amounts of individual currencies, used as the basis for
A financial future contract for the delivery of a specified foreign currency.
An option to buy or sell a foreign currency.
Related: Exchange rate risk
An agreement by the parties to a transaction to share the currency risk associated with
Asset allocation in which the investor chooses among investments denominated in
An agreement to swap a series of specified payment obligations denominated in one currency
Eurobonds that pay coupon interest in one currency but pay the principal in a different
A short-term fixed rate time deposit denominated in a currency other than the local
The money market for borrowing and lending currencies that are held in the form of
European Currency Unit (ECU)
An index of foreign exchange consisting of about 10 European currencies,
Any excess of actual reserves above required reserves.
reserves of commercial banks in excess of those they are legally required to hold.
Federal Reserve Banks
The twelve district banks in the Federal reserve System.
Federal Reserve Board
Board of Governors of the Federal reserve System.
Federal Reserve System
The central bank of the U.S., established in 1913, and governed by the Federal
Federal Reserve System
The central banking authority responsible for monetary policy in the United States.
Federal Reserve (the Fed)
The central bank in the United States, responsible for setting interest rates.
Foreign currency option
An option that conveys the right to buy or sell a specified amount of foreign
Foreign currency translation
The process of restating foreign currency accounts of subsidiaries into the
Foreign Exchange Reserves
A fund containing the central bank's holdings of foreign currency or claims thereon.
Fractional Reserve Banking
A banking system in which banks hold only a fraction of their outstanding deposits in cash or on deposit with the central bank.
Excess reserves minus member bank borrowings at the Fed.
A freely convertible currency that is not expected to depreciate in value in the foreseeable future.
See foreign exchange reserves.
Legal Reserve Requirement
See reserve requirement.
Such a clause on a Euro loan permits the borrower to switch from one currency to
Give the borrower the possibility of drawing a loan in different currencies.
Holdings of gold and foreign currencies by official monetary institutions.
The currency in which the parent firm prepares its own financial statements; that is, U.S.
The dollar amounts based on reserve ratios that banks are required to keep on deposit at a Federal reserve Bank.
reserves that the central bank requires commercial banks to hold.
An accounting entry that properly reflects the contingent liabilities.
See reserve requirement.
This calculation is used by states to determine the unemployment contribution rate to charge employers. The ongoing balance of a firm’s unclaimed
Specified percentages of deposits, established by the Federal reserve Board, that banks must
Fraction of total deposits that a commercial bank is required by the central bank to hold in the form of reserves.
The percentage of different types of deposits that member banks are required to hold
Material that has been reserved for a specific purpose.
Commercial banks' reserves consist of their holdings of cash and their balances in deposits with the central bank. See also foreign exchange reserves, excess reserves, required reserves, reserve requirement.
A currency that is expected to drop in value relative to other currencies.
Virtual currency option
A new option contract introduced by the PHLX in 1994 that is settled in US$ rather
International Monetary Fund
An organization founded in 1944 to oversee exchange arrangements of
In the balance of payments, other capital is a residual category that groups all the capital
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