What Role for Currency Boards?
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Book Overview
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.
Format:Paperback
Language:English
ISBN:0881322229
ISBN13:9780881322224
Release Date:September 1995
Publisher:Peterson Institute for International Economic
Length:104 Pages
Weight:2.10 lbs.
Dimensions:0.2" x 6.0" x 9.0"
Grade Range:Postsecondary and higher
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