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The 1990s saw a revival of the currency board system, and proponents have advocated it as an easy-to-set-up exchange rate arrangement providing effective stabilization of the economy. However, the experience of Argentina has highlighted the risks of having a currency board. This study presents both the potential benefits, as well as the risks, of having a currency board by examining the stability of the currency board arrangement and identifying factors affecting the stability. The analysis is based on second-generation currency crisis models, extended to incorporate currency-board specific features and to account for particular aspects often found in currency-board economies.
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Stability of Currency Boards
2018, Lang GmbH, Internationaler Verlag der Wissenschaften, Peter
in English
3631756992 9783631756997
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The Stability of Currency Boards
May 2004, Peter Lang Pub Inc
Paperback
in English
363152031X 9783631520314
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Open Access Unrestricted online access
Creative Commons https://creativecommons.org/licenses/by/4.0/legalcode
English
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Feedback?July 21, 2020 | Edited by MARC Bot | import existing book |
April 28, 2010 | Edited by Open Library Bot | Linked existing covers to the work. |
December 11, 2009 | Created by WorkBot | add works page |