What role for currency boards?
著者
書誌事項
What role for currency boards?
（Policy analyses in international economics, 40）
Institute for International Economics, 1995
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注記
Includes bibliographical references and index
内容説明・目次
内容説明
To help overcome its financial crisis, Russia is being urged to create a currency board, which has met with success in other countries such as Argentina, Estonia, and Hong Kong. This study explains what a currency board is and how it differs from a central bank, and examines the advantages and disadvantages of each type of arrangement. The author concludes that currency boards may be quite attractive to small, open economies and a useful prop in those emerging from a very deep macroeconomic crisis, but that their disadvantages outweigh these attractions in most large countries.
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