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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| Formato: | Libro electrónico |
| Idioma: | Inglés |
| Publicado: |
Frankfurt a.M. :
Peter Lang GmbH, Internationaler Verlag der Wissenschaften
2018, c2004.
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| Edición: | 1st, New ed |
| Colección: | Peter Lang Open Access ebooks.
cege-Schriften 8. |
| Acceso en línea: | Conectar con la versión electrónica |
| Ver en Universidad de Navarra: | https://innopac.unav.es/record=b45105777*spi |
| 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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| Descripción Física: | 1 recurso electrónico, 238 páginas |
| Formato: | Forma de acceso: World Wide Web. |
| ISBN: | 9783631756997 |
