Product Details: What Role for Currency Boards?
| Author: | John B. Williamson |
| Format: | Paperback: 64 pages. |
| Publisher: | Inst For Intl Economics (09/01/1995) |
| ISBN: | 0881322229 |
| ISBN13: | 9780881322224 |
| Reading Level: |
Publisher Notes: 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 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.
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