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Definition of 'Joint Float'
Two or more countries agreeing to keep their currencies at a same exchange rate relative to one another, but not relative to other countries. The countries involved in a joint float agreement form a sort of partnership where their currencies move jointly. The central banks of the countries participating in this agreement maintain the joint float by buying and selling each others currencies.
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Investopedia explains 'Joint Float'
Countries that decide to link their currencies do it for various reasons. For example, a small country next to a larger one will be affected more severely by currency exchange rates. In this case, a minimal shift from one currency to another will impact the price of the currency in the smaller country more than it would impact the larger country. The goal is that if the countries form a joint float by linking their currencies to form a fixed exchange rate, their currencies become stronger and better able to withstand currency fluctuations. West Germany, France, Italy, the Netherlands, Belgium and Luxembourg created a European joint float in 1972.
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Search results for 'Joint Float'
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http://stocks.investopedia.com/stock-analysis/2012/Eurozone-Recession-DRYS-NXPI-TRNX-VPRT0223.aspx
... device company that designs, manufactures, and markets devices for joint replacement
and ... a decrease which represents about 1.4% of the company's float of 12.42 ...
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http://www.investopedia.com/articles/exchangetradedfunds/08/index-debate.asp
... Company, Float Adjusted Market Cap (Billions of dollars), Index Weight. ... Affiliates,
a new concept in indexing was introduced in 2005, as a joint venture between ...
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http://www.investopedia.com/articles/stocks/08/due-diligence.asp
... a high proportion of shares, and what amount of the float is held by ... the industry
and company specific details about partnerships, joint ventures, intellectual ...
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http://www.investopedia.com/exam-guide/cfa-level-1/securities-markets/domestic-versus-global-indexes.asp
... Skew And Kurtosis; 2.13 Basic Probability Concepts; 2.14 Joint Probability;
2.15 Advanced Probability Concepts; 2.16 Common Probability ...
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