Stukenbrock, Kai <br/><br/>
The Stability of Currency Boards 

 - Bern  Peter Lang International Academic Publishing Group  2018 
 - 1 electronic resource (238 p.) 
<br/><br/> Open Access 
<br/><br/> 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. 
<br/><br/><br/>Creative Commons 
<br/><br/><br/>English 
<br/><br/><label>ISBN: </label>b14167 
<br/><br/><label>Standard No.: </label>10.3726/b14167  doi 
<br/><br/><label>Subjects--Topical Terms: </label><br/>Politics & government<br/>Economic theory & philosophy<br/>Monetary economics<br/>Economic history
<br/><br/><label>Subjects--Index Terms: </label>Argentina Boards Currency Currency Board Currency Crisis Estonia Exchange Rate Foreign-Currency Debt Hong Kong Lithuania Stabilitätspolitik Stability Stukenbrock