currency board system

基本解释

In the recent round of attacks on the Hong Kong dollar, the currency board system has proven to be most effective.
不过，正因为我们奉行货币发行局制度，港元一旦受到冲击，利率便会自动攀升。
When Hong Kong’s Financial Secretary decided to adopt the currency board system and peg the Hong Kong dollar to the US dollar in 1983, I was involved in the discussions.
一九八三年香港的财政司考虑港元采用钞票局的制度，让港元与美元挂钩，我参与了讨论。
The currency board system is a confident system, so government can take measures to charge the loss function and stick to currency board system better.
因此，政府可以采取措施，改变政府的损失函数，更好地坚持货币局制度。

The Bulgarian lev is reliably linked to the euro via a currency-board system.
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One reason for this is that Hong Kong's currency-board system (see article) is forcing the former colony to confront its past financial excesses swiftly.
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Not even the two-party opposition Alliance, critical as it is of unemployment, still around 13%, dares to suggest printing money (the currency-board system forbids it) as a cure.
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