The Stability of Currency Boards

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...

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Bibliographic Details
Main Author: Stukenbrock, Kai (auth)
Format: Electronic Book Chapter
Language:English
Published: Bern Peter Lang International Academic Publishers 2018
Series:cege-Schriften 8
Subjects:
Online Access:OAPEN Library: download the publication
OAPEN Library: description of the publication
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520 |a 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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653 |a Stabilitätspolitik 
653 |a Stability 
653 |a Stukenbrock 
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