What role for currency boards? /

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 disad...

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Bibliographic Details
Main Author: Williamson, John, 1937-
Format: Book
Language:English
Published: Washington, D.C. : Institute for International Economics, 1995
Series:Policy analyses in international economics ; 40
Subjects:
Description
Summary: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.
Physical Description:44 p.
Bibliography:Bibliografía: p. 43-44.
ISBN:0881322229