| What Role for Currency Boards? Contributor(s): Williamson, John (Author) |
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ISBN: 0881322229 ISBN-13: 9780881322224 Publisher: Peterson Institute for International Economic OUR PRICE: $12.82 Product Type: Paperback Published: September 1995 Annotation: 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 for those emerging from a very deep macroeconomic crisis, but that their disadvantages outweigh these attractions in most large countries. |
| Additional Information |
| BISAC Categories: - Business & Economics | Inflation - Business & Economics | Money & Monetary Policy - Business & Economics | Economics - Macroeconomics |
| Dewey: 332.414 |
| LCCN: 95035023 |
| Series: Policy Analyses in International Economics |
| Physical Information: 0.24" H x 6.03" W x 9.01" (0.20 lbs) 104 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: 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. |