What Role for Currency Boards?Institute for International Economics, 1995 - 44 pagina's 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. |
Inhoudsopgave
A Consideration of the Pros and Cons | 13 |
Where Do Currency Boards Help? | 31 |
References | 43 |
Copyright | |
Overige edities - Alles bekijken
Veelvoorkomende woorden en zinsdelen
1994 ISBN paper adopt a currency advocates of currency arbitrage Argentina Argentine peso argue balance of payments billion central bank colonies commercial banks convertibility cost credibility currency board arrangement currency board rule currency board system debt deposits deutsche mark devaluation domestic assets economic policy establish a currency Estonia financial crisis fiscal authority fiscal discipline fiscal policy fixed exchange rate foreign exchange foreign reserves Fred Bergsten Gary Clyde Hufbauer gold-standard adjustment mechanism Hanke and Schuler Hong Kong dollar Hufbauer and Jeffrey interest rates International Economics ISBN cloth issue John Williamson Jonung kroon large countries last resort Latvia lender of last ment Mexico monetary base monetary policy money supply nominal anchor open economies Osband and Villanueva payments adjustment percent of GDP pressures productivity bias rency board reserve center reserve currency reserve-currency assets Russia Russia and Ukraine seigniorage Singapore small countries Soviet tion Ukraine undervalued World Economy
Verwijzingen naar dit boek
Global Economic Leadership and the Group of Seven C. Fred Bergsten,C. Randall Henning Geen voorbeeld beschikbaar - 1996 |
International Economic Policy Review. 2000 Paul Masson,International Monetary Fund,Timothy D. Lane,Padma Gotur Geen voorbeeld beschikbaar - 2001 |