Currency Board Arrangements
Issues and Experiences

Abstract

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 policies. It also reviews country experiences with these arrangements.

Author:
Mr. Charles Enoch
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Mr. Tomás J. T. Baliño https://isni.org/isni/0000000404811396 International Monetary Fund

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