And in the event of a financial emergency a currency board has less freedom than a central bank to act as lender of last resort, because the board cannot boost the money supply to aid troubled banks.

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Whereas a currency union has a central bank to act as lender of last resort, a country with a currency board does not.

ECONOMIST: One world, one money

Hong Kong entertainment czar Allan Zeman, whose advice and contacts in the Hong Kong business world helped casino magnate Steve Wynn open the posh Wynn Macau resort in 2006, has resigned from the board of Wynn Resorts this month.

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Captain Jeff Stevens--an affable, dry-witted Brit who's sailed these waters for 16 years--spent three years handcrafting this traditional-style boat, using native woods from the Grenadines and working with master shipwrights from the island of Carriacou. (The name Jambalaya is an anagram of their initials.) Since 2002 he's lived on board and taken guests of the private island resort Petit St.

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But it wasn't until he got out of his Atlanta office, traveled to the Costa Rican rain forest (at the Tourism Board's invitation) and relaxed on his patio at a resort that he got the idea of making an ad based on something other than words.

WSJ: Tactics to Spark Creativity

Also, a classic currency board, unlike a central bank, cannot act as a lender of last resort.

ECONOMIST: The ABC of a currency board

"We regret that Craigslist felt compelled to resort to unfounded and unsubstantiated claims in order to divert attention from actions by Craigslist's board that unfairly diluted our minority interest, " eBay spokeswoman Kim Rubey said in a statement.

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