Kai Stukenbrock
The Stability of Currency Boards
Paperback EN 2004 9783631520314Levertijd ongeveer 16 werkdagen
Gratis verzonden
Samenvatting
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.
Specificaties
ISBN13:9783631520314
Taal:EN
Bindwijze:Paperback
Aantal pagina's:240
Uitgever:Peter Lang AG
Hoofdrubriek:Geschiedenis, Financieel management, Personal finance, Strategisch management
Serie:cege-Schriften
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