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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...
|a What role for currency boards? /
|c John Williamson.
260
|a Washington, D.C. :
|b Institute for International Economics,
|c 1995
300
|a 44 p.
490
0
|a Policy analyses in international economics ;
|v 40
504
|a Bibliografía: p. 43-44.
520
3
|a 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.
