The stability of currency boards
著者
書誌事項
The stability of currency boards
（CeGE-Schriften, Bd. 8）
Peter Lang, c2004
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注記
Includes bibliographical references (p. [223]-237)
内容説明・目次
内容説明
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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