Currency Board Arrangements: Issues and Experiences
( Occasional Papers )
Publication series ： Occasional Papers
Author： Mr. Charles Enoch Mr. Tomás J. T. Baliño
Publisher： INTERNATIONAL MONETARY FUND
Publication year： 1997
E-ISBN: 9781451990249
P-ISBN(Paperback): 9781557756688
Subject： F821.6 international monetary relations
Language： ENG
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Description
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.