Currency board arrangements : issues and experiences /

This paper provides a comprehensive analysis of the attractions and disadvantages of currency board arrangements in their various institutional configurations. It asks what defines a currency board arrangement, what are their strengths and weaknesses, and what constraints they place on macroeconomic...

• Other Authors: Baliño, Tomás J. T. (Tomás José Teodoro)
• Format: Book
• Language: English
• Published: Washington, D.C. : International Monetary Fund, 1997
• Series: Occasional paper (Fondo Monetario Internacional) 151
• Subjects: POLITICA MONETARIA; CAJA DE CONVERSION; TIPO DE CAMBIO; CAMBIO EXTERIOR

Table of Contents:

• 1. Definitions and basic featues
• 2. Considerations for adopting a currency borad
• 3. Scope for monetary policy and lender-of-last-resort support
• 4. Implications of currency board arrangements for the design of IMF-supported programs
• Appendix.