Currency board arrangements : issues and experiences / by a staff team led by Tomás J.T. Baliño and Charles Enoch and comprising Alain Ize, Veerathai Santiprabhob, Peter Stella.
| Other author | Baliño, Tomás J. T. |
| Other author | Enoch, Charles. |
| Other author | International Monetary Fund. |
| Format | Book |
| Publication Info | Washington, DC : International Monetary Fund, 1997. |
| Description | v, 52 pages : illustrations ; 28 cm. |
| Subjects |
| Series | Occasional paper ; 151 Occasional paper (International Monetary Fund) ; no. 151. ^A174758 |
| Contents | Definitions and basic features. What is a currency board arrangement? -- What distinguishes a currency board arrangement from other pegged exchange rate arrangements? -- How do currency board arrangements function? -- Considerations for adopting a currency board. Strengths of a currency board arrangement -- Currency stability, interest rate convergence, and financial intermediation -- Weaknesses of currency board arrangements -- Implications for entry conditions -- Determination of the exchange rate -- Scope for monetary policy and lender-of-last-resort support. Scope for day-to-day monetary operations -- Prudential issues and lender of last resort -- Implications for public debt management -- Duration of a currency board arrangement -- Should currency board arrangements be viewed as transitory or permanent? -- Legal issues in exiting a currency board arrangement -- Exit strategies -- Exit conditions -- Implications of currency board arrangements for the design of IMF-supported programs. Use of IMF resources -- Targeting in IMF-supported programs. |
| Bibliography note | Includes bibliographical references (p. 48-50). |
| LCCN | 97031294 |
| ISBN | 1557756686 |
Availability
| Library | Location | Call Number | Status | Item Actions |
|---|---|---|---|---|
| Joyner | General Stacks | HG230.5 .C867 1997 | ✔ Available | Place Hold |