Cover Currency Board Arrangements
Currency Board Arrangements
Issues and Experiences
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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.

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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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Series:
Occasional Papers
Publisher:
International Monetary Fund
Language:
English
Publication Date:
05 Sep 1997
DOI:
https://doi.org/10.5089/9781557756688.084
ISBN:
9781557756688
ISSN:
0251-6365
Pages:
43
Keywords:
OP; deposit; bank; CBA.; exchange rate; Banco de la Nacion Argentina; money market rate; appendix I. interest rate convergence; CBA country; U.S. dollar; Exchange rates; Currencies; Currency boards; Commercial banks; Caribbean; Baltics; Central Asia; Europe; Global; CBA framework; IMF support; balance of payments target; convertibility rule; International reserves; Exchange rate arrangements
Legal-disclaimer:
The views expressed in this book are those of the authors and should not be reported as or attributed to the International Monetary Fund, its Executive Board, or the governments of any of its member countries.
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