TY  - BOOK
TI  - The Stability of Currency Boards
T2  - cege-Schriften
SN  - 9783631756997
PY  - 2018///
CY  - Bern
PB  - Peter Lang International Academic Publishing Group
KW  - Economic history
KW  - bicssc
KW  - Economic theory & philosophy
KW  - Monetary economics
KW  - Politics & government
KW  - Argentina
KW  - Boards
KW  - Currency
KW  - Currency Board
KW  - Currency Crisis
KW  - Estonia
KW  - Exchange Rate
KW  - Foreign-Currency Debt
KW  - Hong Kong
KW  - Lithuania
KW  - Stabilitätspolitik
KW  - Stability
KW  - Stukenbrock
N1  - Open Access
N2  - 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
UR  - https://directory.doabooks.org/handle/20.500.12854/28980
UR  - https://library.oapen.org/bitstream/20.500.12657/26710/1/1003350.pdf
ER  -