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Appendix I. Interest Rate Convergence in Countries with a Currency Board Arrangement

Appendix I. Interest Rate Convergence in Countries with a Currency Board Arrangement »

Source: Currency Board Arrangements : Issues and Experiences

Series: Occasional Papers

Author(s): Charles Enoch , and Tomás Baliño

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 September 1997

ISBN: 9781557756688

Keywords: exchange rate, central bank, inflation, foreign exchange, reserve requirements

One main benefit of a CBA is to facilitate the convergence of domestic interest rates to international levels. This appendix describes interest rate convergence processes in Argenti...

Appendix II. Lender of Last Resort and Banking Crisis Management

Appendix II. Lender of Last Resort and Banking Crisis Management »

Source: Currency Board Arrangements : Issues and Experiences

Series: Occasional Papers

Author(s): Charles Enoch , and Tomás Baliño

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 September 1997

ISBN: 9781557756688

Keywords: exchange rate, central bank, inflation, foreign exchange, reserve requirements

Although currency boards during the colonial period were constrained from providing LOLR support, major commercial banks, which were foreign owned, could rely on their headquarters...

Appendix III. Monetary Policy Implementation

Appendix III. Monetary Policy Implementation »

Source: Currency Board Arrangements : Issues and Experiences

Series: Occasional Papers

Author(s): Charles Enoch , and Tomás Baliño

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 September 1997

ISBN: 9781557756688

Keywords: exchange rate, central bank, inflation, foreign exchange, reserve requirements

As noted in the main body of the paper, experience suggests that monetary operations can play a useful role in smoothing day-to-day monetary conditions or accelerating adjustment to...

Appendix IV. Background Tables

Appendix IV. Background Tables »

Source: Currency Board Arrangements : Issues and Experiences

Series: Occasional Papers

Author(s): Charles Enoch , and Tomás Baliño

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 September 1997

ISBN: 9781557756688

Keywords: exchange rate, central bank, inflation, foreign exchange, reserve requirements

Table 1. Basic Description of Eight Currency Board Arrangements...

The Baltic Countries
			: From Economic Stabilization to EU Accession

The Baltic Countries : From Economic Stabilization to EU Accession »

Series: Occasional Papers

Author(s): Françoise Le Gall , L. Psalida , Pietro Garibaldi , Julian Berengaut , Jerald Schiff , Kerstin Westin , Augusto López-Claros , Richard Stern , and Dennis Jones

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 November 1998

DOI: http://dx.doi.org/10.5089/9781557757388.084

ISBN: 9781557757388

Keywords: banking, privatization, exchange rate, private sector development, banking system

Are the three Baltic countries, Latvia, Estonia, and Lithuania, ready for accession to the European Union? Have their economies overcome the problems of transition? The answers to these questions and their implicat...

Currency Board Arrangements
			: Issues and Experiences

Currency Board Arrangements : Issues and Experiences »

Series: Occasional Papers

Author(s): Charles Enoch , and Tomás Baliño

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 September 1997

DOI: http://dx.doi.org/10.5089/9781557756688.084

ISBN: 9781557756688

Keywords: exchange rate, central bank, inflation, foreign exchange, reserve requirements

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, wha...

Front Matter

Front Matter »

Source: Currency Board Arrangements : Issues and Experiences

Series: Occasional Papers

Author(s): Charles Enoch , and Tomás Baliño

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 September 1997

ISBN: 9781557756688

Keywords: exchange rate, central bank, inflation, foreign exchange, reserve requirements

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, wha...

I. Definitions and Basic Features

I. Definitions and Basic Features »

Source: Currency Board Arrangements : Issues and Experiences

Series: Occasional Papers

Author(s): Charles Enoch , and Tomás Baliño

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 September 1997

ISBN: 9781557756688

Keywords: exchange rate, central bank, inflation, foreign exchange, reserve requirements

Currency board arrangements (CBAs) have undergone a revival. 1 Four countries have undertaken IMF-supported adjustment programs with a CBA, Argentina, Djibouti, Estonia, and Lithu...

I Introduction

I Introduction »

Source: The Baltic Countries : From Economic Stabilization to EU Accession

Series: Occasional Papers

Author(s): Françoise Le Gall , L. Psalida , Pietro Garibaldi , Julian Berengaut , Jerald Schiff , Kerstin Westin , Augusto López-Claros , Richard Stern , and Dennis Jones

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 November 1998

ISBN: 9781557757388

Keywords: banking, privatization, exchange rate, private sector development, banking system

The process of adjustment and reforms in the Baltics deserves attention for three overarching reasons: (1) the extent and speed of transformation from the central plan and political repression to the market...

I Stabilization in the Baltic Countries: Early Experience

I Stabilization in the Baltic Countries: Early Experience »

Source: Road Maps of the Transition : The Baltics, the Czech Republic, Hungary, and Russia

Series: Occasional Papers

Author(s): Michael Marrese , Mark Lutz , Tapio Saavalainen , Vincent Koen , Biswajit Banerjee , and Thomas Krueger

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 September 1995

ISBN: 9781557755193

Keywords: inflation, exchange rate, monetary policy, monetary fund, capital inflows

In mid-1992, each of the Baltic countries adopted comprehensive stabilization and reform programs. Economic conditions were very difficult; real output was falling sharply, and prices were soaring. To a larg...