Currency Board Arrangements
Issues and Experiences
  • 1 https://isni.org/isni/0000000404811396, International Monetary Fund

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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