Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/182695 
Year of Publication: 
2004
Series/Report no.: 
cege-Schriften No. 8
Publisher: 
Peter Lang International Academic Publishers, Berlin
Abstract: 
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.
Persistent Identifier of the first edition: 
ISBN: 
978-3-631-75699-7
Creative Commons License: 
cc-by Logo
Document Type: 
Book
Document Version: 
Digitized Version

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.