Currency Board Arrangements : Issues and Experiences

This paper provides a comprehensive analysis of the attractions and disadvantages of currency board arrangements in their various institutional configurations. It asks what defines a currency board arrangement, what are their strengths and weaknesses, and what constraints they place on macroeconomic policies. It also reviews country experiences with these arrangements.
Publication date: September 1997
ISBN: 9781557756688
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Topics covered in this book

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Banks and Banking , Money and Monetary Policy , exchange rate , central bank , inflation , foreign exchange , reserve requirements

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