TY  - BOOK
AU  - Kai Stukenbrock
PY  - 2004
CY  - Berlin, Germany
PB  - Peter Lang Verlag
SN  - 9783631756997
TI  - The Stability of Currency Boards
DO  - 10.3726/b14167
UR  - https://www.peterlang.com/document/1068660
N2  - The 1990s saw a revival of the currency board system, and proponents have advocated it as an easy-to-set-up exchange rate arrangement providing effective stabilization of the economy. However, the experience of Argentina has highlighted the risks of having a currency board. This study presents both the potential benefits, as well as the risks, of having a currency board by examining the stability of the currency board arrangement and identifying factors affecting the stability. The analysis is based on second-generation currency crisis models, extended to incorporate currency-board specific features and to account for particular aspects often found in currency-board economies.
KW  - Stabilitätspolitik, Argentina, Lithuania, Hong Kong, Estonia, Exchange Rate, Foreign-Currency Debt, Currency Crisis, Currency Board
LA  - English
ER  -