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...
| Otros Autores: | |
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| Formato: | Libro electrónico |
| Idioma: | Inglés |
| Publicado: |
Bern
Peter Lang International Academic Publishing Group
2018
Frankfurt am Main, Germany: [2004] Frankfurt am Main, Germany: [2018] |
| Edición: | 1st ed |
| Colección: | CeGE-Schriften,
8. |
| Materias: | |
| Ver en Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009422491906719 |
| Sumario: | 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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| Notas: | Originally presented as the author’s doctoral thesis: Gottingen, 2003. |
| Descripción Física: | 1 online resource (237 pages) : illustrations, charts; digital, PDF file(s) Also available in print form |
| Bibliografía: | Includes bibliographical references. |
| ISBN: | 9783631756997 |
