The Stability of Currency Boards
Produktnummer:
187c35241f38314864a99810a31f5186ee
Autor: | Stukenbrock, Kai |
---|---|
Themengebiete: | Argentina Currency Board Currency Crisis Estonia Exchange Rate Foreign-Currency Debt Hong Kong Lithuania Stabilitätspolitik |
Veröffentlichungsdatum: | 24.02.2004 |
EAN: | 9783631520314 |
Sprache: | Englisch |
Produktart: | Kartoniert / Broschiert |
Verlag: | Peter Lang GmbH, Internationaler Verlag der Wissenschaften |
Produktinformationen "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 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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