The Stability of Currency Boards
Book Details
Format
Paperback / Softback
Book Series
Cege-Schriften
ISBN-10
363152031X
ISBN-13
9783631520314
Publisher
Peter Lang GmbH
Imprint
Peter Lang GmbH
Country of Manufacture
DE
Country of Publication
GB
Publication Date
Feb 24th, 2004
Print length
238 Pages
Weight
320 grams
Dimensions
15.00 x 21.00 x 1.40 cms
Ksh 8,500.00
Manufactured on Demand
0 in stock
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Quality
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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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