Series: IMF Policy Discussion Papers
Author(s): Adam Bennett
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 September 1994
Keywords: Argentina, Estonia, Hong Kong Special Administrative Region of China, currency board, exchange rate, currency boards, central bank, foreign exchange
This paper discusses some of the issues that concern the operation of currency boards, by comparison to conventional exchange rate pegs, and looks at the experiences of three examples of this type of arrangement: A...