货币局制度及其基本运行特征

On the Currency Board Institution and the Fundamental Characteristics of its Operation Mechanism

货币局制度是一种不同于中央银行制度的特殊货币金融制度安排。货币局的内涵、基本特征、运行机制都与中央银行制度存在较大的区别。

Currency board institution is a special currency and financial arrangement different from the central bank institu- tion. The connotation, fundamental characteristics, operation mechanism of currency board are all different form those under the central bank system.