The Stability of Currency Boards

Von:

Stukenbrock, Kai [VerfasserIn]

Resource type: Ressourcentyp: Buch (Online)Buch (Online)Sprache: Englisch Reihen: cege-SchriftenVerlag: Bern : Peter Lang International Academic Publishing Group, 2018Beschreibung: 1 Online-Ressource (238 p.)ISBN:

9783631756997

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Online-Ressourcen:

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Zusammenfassung: 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 economiesPPN: PPN: 1778546846Package identifier: Produktsigel: ZDB-94-OAB

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