What Role for Currency Boards? (Paperback)

To help overcome its financial crisis, Russia is being urged to create a currency board, which has met with success in other countries such as Argentina, Estonia, and Hong Kong. This study explains what a currency board is and how it differs from a central bank, and examines the advantages and disadvantages of each type of arrangement. The author concludes that currency boards may be quite attractive to small, open economies and a useful prop for those emerging from a very deep macroeconomic crisis, but that their disadvantages outweigh these attractions in most large countries.

General

Imprint:	The Peterson Institute for International Economics
Country of origin:	United States
Release date:	September 1995
First published:	September 1995
Authors:	John Williamson
Dimensions:	229 x 152 x 15mm (L x W x T)
Format:	Paperback
Pages:	104
ISBN-13:	978-0-88132-222-4
Categories:	Books > Business & Economics > Economics > Political economy Books > Business & Economics > Economics > Macroeconomics > Monetary economics
LSN:	0-88132-222-9
Barcode:	9780881322224

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