Currency System
(2,358 words)

In contrast to the monetary system, the currency system is here defined as the totality of all the institutional arrangements which serve to shape the monetary relationships to foreign currency areas, and to determine the value of a currency. The most important elements are the exchange-rate system and the complex of currency convertibility, as well as participation in supranational regulatory systems such as the gold or silver standard, or the Bretton-Woods system.

In China, right up to th…

Cite this page
Taube, Markus, “Currency System”, in: Brill’s Encyclopedia of China, Managing Editor English Edition: Daniel Leese. Consulted online on 21 October 2017
First published online: 2008
First print edition: ISBN: 9789004168633, 20121018



▲   Back to top   ▲