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The Stability of Currency Boards (Volume 8.0)
The Stability of Currency Boards (Volume 8.0)
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The Stability of Currency Boards (Volume 8.0)

Kai Stukenbrock
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📖 Book - PDF

The Stability of Currency Boards (Volume 8.0)

Kai Stukenbrock
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About This Book

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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Publisher
Peter Lang International Academic Publishers
Year
2018
ISBN
9783631520314
Topic
Economics
Subtopic
Economic Theory

Table of contents