Search results: Found 2

Listing 1 - 2 of 2
Sort by
The Stability of Currency Boards

Author:
Book Series: cege-Schriften ISBN: 9783631520314 Year: Pages: 238 DOI: 10.3726/b14167 Language: English
Publisher: Peter Lang International Academic Publishing Group
Subject: Economics --- Political Science
Added to DOAB on : 2019-01-15 13:32:14
License:

Loading...
Export citation

Choose an application

Abstract

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.

Hyperinflation, Currency Board, and Bust

Author:
Book Series: Hohenheimer volkswirtschaftliche Schriften ISBN: 9783631556085 Year: Pages: 290 DOI: 10.3726/b13965 Language: English
Publisher: Peter Lang International Academic Publishing Group
Subject: Environmental Sciences --- Economics
Added to DOAB on : 2019-01-15 13:32:22
License:

Loading...
Export citation

Choose an application

Abstract

This book focuses on «Convertibilidad», the latest Argentine experience of exchange rate based stabilisation, and aims at isolating the main causes for its tragic collapse in 2001-2002. The characteristics of Argentina’s high and hyperinflation during the 1980s are analysed, and the theory of currency boards is expounded. The stabilisation tool, an institutionally highly credible currency board arrangement (CBA), though highly effective, could not be an optimal long-term solution, given the country’s structural and trade characteristics. The analysis of the causes of the CBA’s collapse yields a complex picture of interacting factors, among them invaliding ones that had created multiple vulnerabilities over years, and triggering ones that unfolded their worst potential in meeting such vulnerable conditions.

Listing 1 - 2 of 2
Sort by
Narrow your search

Publisher

Peter Lang International Academic Publishing Group (2)


License

CC by (2)


Language

english (2)


Year
From To Submit

2018 (2)

-->