Are Currency Boards a Cure for All Monetary Problems?

Topics:
Inflation
Tags:
Board,
Business Operations,
Corporate Governance,
Corporate Law,
Currency Board
Source:
Equade Internet

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Overview: Currency board arrangements may be coming back into fashion. What recent successes have countries had with currency boards and in what circumstances are they most likely to be effective? The article explains about economic credibility, low inflation, and lower interest rates are the immediately obvious advantages of a currency board. But currency boards may prove limiting, especially for countries that have weak banking systems or are prone to economic shocks. With a currency board in place, the central bank can no longer be an unlimited lender of last resort to banks in financial trouble. For detailed insight, render a look on article.

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Format: HTML | Date: Dec 1998 | Pages: 1

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