Series: IMF Working Papers
Author(s): Marie-Therese Camilleri
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 September 2004
Keywords: Precommitment, Credibility, Institutional Design, exchange rate, inflation, central bank, monetary fund,
This paper offers an in-depth review of the institutional arrangements underlying existing currency boards (CBAs) in Argentina (until 2001), Eastern Europe, and Asia. An index of precommitment is derived from an an...