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The Stability of Currency Boards

By: Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Series: cege-SchriftenPublisher: Bern : Peter Lang International Academic Publishing Group, 2018Description: 1 Online-Ressource (238 p.)ISBN:
  • 9783631756997
Subject(s): Online resources: Summary: 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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