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What Role for Currency Boards?

What Role for Currency Boards?

Paperback

Series: Policy Analyses in International Economics, Book 40

EconomicsInvesting & Finance

ISBN10: 0881322229
ISBN13: 9780881322224
Publisher: Peterson Inst For Intl Economi
Published: Sep 1 1995
Pages: 104
Weight: 0.20
Height: 0.24 Width: 6.03 Depth: 9.01
Language: English
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.

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