This is a mechanism identical to today's currency boards, which is why I say that a gold standard system is like a "currency board linked to gold.

这一机制跟今天的货币发行局作用相同，这也是为什么我说金本位制度就像是一个“与黄金挂钩的货币发行局”。

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Recently the Argentina Financial Crisis caused the world to focus the attention on the macroeconomic effect of currency board system.

阿根廷爆发的金融危机再次引起人们对货币发行局制度的宏观经济效应的关注。

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This paper USES interest rate premium and term premium to measure currency risk under currency board system.

本文用利率升水和期限升水来衡量货币局制度下的货币风险。

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What about China and Hong Kong, where the currencies are pegged to the dollar through a managed float and currency board system, respectively?

CNN: Emerging Asia can cope with the coming slide

The Bulgarian lev is reliably linked to the euro via a currency-board system.

FORBES: Austerity In Greece? Sure, And There's Snow In Mykonos Too

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.

ECONOMIST: Hong Kong