What Role for Currency Boards?

What Role for Currency Boards? PDF Author: John Williamson
Publisher: Peterson Institute for International Economics
ISBN:
Category : Business & Economics
Languages : en
Pages : 68

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Book Description
Explains what a currency board is and how it differs from a central bank. Examines the advantages and disadvantages of each type of arrangement.

Currency Boards for Developing Countries

Currency Boards for Developing Countries PDF Author: Steve H. Hanke
Publisher:
ISBN:
Category : Currency boards
Languages : en
Pages : 140

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Book Description


Straining at the Anchor

Straining at the Anchor PDF Author: Gerardo della Paolera
Publisher: University of Chicago Press
ISBN: 0226645584
Category : Business & Economics
Languages : en
Pages : 296

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Book Description
The "Argentine disappointment"—why Argentina persistently failed to achieve sustained economic stability during the twentieth century—is an issue that has mystified scholars for decades. In Straining the Anchor, Gerardo della Paolera and Alan M. Taylor provide many of the missing links that help explain this important historical episode. Written chronologically, this book follows the various fluctuations of the Argentine economy from its postrevolutionary volatility to a period of unprecedented prosperity to a dramatic decline from which the country has never fully recovered. The authors examine in depth the solutions that Argentina has tried to implement such as the Caja de Conversión, the nation's first currency board which favored a strict gold-standard monetary regime, the forerunner of the convertibility plan the nation has recently adopted. With many countries now using—or seriously contemplating—monetary arrangements similar to Argentina's, this important and persuasive study maps out one of history's most interesting monetary experiments to show what works and what doesn't.

One Currency for Bosnia

One Currency for Bosnia PDF Author: Warren L. Coats
Publisher: Jameson Books (IL)
ISBN:
Category : Business & Economics
Languages : en
Pages : 376

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Book Description
This is both a fascinating personal narrative of the often colorful warriors rebuilding a part of war-torn Yugoslavia, and a detailed inside look at how experts can stabilize a nation's currency and banking system. Written by an American who has led International Monetary Fund advisory missions to the central banks of more than twenty countries, this book, crafted in layman's language - but of immense value to specialists in monetary and foreign policy initiatives - is an account of the behind-the-headlines work American and other economists do to bring peace and prosperity to former failed states.Coats was involved in the creation of the Central Bank of Bosnia from before the Dayton Peace Accords. His "currency board" rules for monetary policy, and the creation of the bank, have resulted in the most successful state institution in the country.Marking the tenth anniversary of the bank, the technical world of economics comes alive as the book unfolds like a mystery novel full of colorful and determined people determined to escape the disaster of a bloody civil war.

What Role for Currency Boards?

What Role for Currency Boards? PDF Author: John Williamson
Publisher: Peterson Institute for International Economics
ISBN:
Category : Business & Economics
Languages : en
Pages : 90

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Book Description
Explains what a currency board is and how it differs from a central bank. Examines the advantages and disadvantages of each type of arrangement.

The Role of the Currency Board in Bulgaria's Stabilization

The Role of the Currency Board in Bulgaria's Stabilization PDF Author: Ms.Anne Marie Gulde
Publisher: International Monetary Fund
ISBN: 1451974108
Category : Business & Economics
Languages : en
Pages : 22

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Book Description
This paper focuses on the process leading to the choice of a currency board as a stabilization instrument, and its specific design. The use of a currency board was complicated and controversial because of serious structural problems, including a systemic banking crisis. It argues that the arrangement was well designed for the task at hand, combining a traditional rule-based exchange arrangement with a number of legal and structural measures to address the pressing bank sector and fiscal issues. In light of the interdependence of the measures, the success of Bulgaria’s currency board stabilization must be attributed to a combination of elements, of which the currency board was a crucial, but not the only determining factor. Structural problems, most notably in the banking sector, were equally severe. The banking crisis had been smoldering since at least 1995. A 1996 review found that out often state banks, which still accounted for more than 80 percent of banking sector assets, nine had negative capital and more than half of all state banks' portfolios were nonperforming.

Dollar Overvaluation and the World Economy

Dollar Overvaluation and the World Economy PDF Author: C. Fred Bergsten
Publisher: Peterson Institute
ISBN: 9780881323511
Category : Business & Economics
Languages : en
Pages : 334

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Book Description
This report provides alternative views of how large a dollar depreciation would be needed to restore a sustainable position; analyzes the impact of currency misalignments on each of the three major economies; and discusses the role of exchange market intervention in addressing the issues.

The Federal Reserve System Purposes and Functions

The Federal Reserve System Purposes and Functions PDF Author: Board of Governors of the Federal Reserve System
Publisher:
ISBN: 9780894991967
Category : Banks and Banking
Languages : en
Pages : 0

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Book Description
Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.

What Role for Currency Boards?

What Role for Currency Boards? PDF Author: John Williamson
Publisher: Peterson Institute for International Economics
ISBN:
Category : Business & Economics
Languages : en
Pages : 68

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Book Description
Explains what a currency board is and how it differs from a central bank. Examines the advantages and disadvantages of each type of arrangement.

Handbook of the History of Money and Currency

Handbook of the History of Money and Currency PDF Author: Stefano Battilossi
Publisher: Springer
ISBN: 9789811305955
Category : Business & Economics
Languages : en
Pages : 0

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Book Description
This handbook provides a comprehensive overview of state-of-the-art research in the field of monetary and financial history. The authors comprise different generations of leading scholars from universities worldwide. Thanks to its unrivaled breadth both in time (from antiquity to the present) and geographical coverage (from Europe to the Americas and Asia), the volume is set to become a key reference for historians, economists, and social scientists with an interest in the subject. The handbook reflects the existing variety of scholarly approaches in the field, from theoretically driven macroeconomic history to the political economy of monetary institutions and the historical evolution of monetary policies. Its thematic sections cover a wide range of topics, including the historical origins of money; money, coinage, and the state; trade, money markets, and international currencies; money and metals; monetary experiments; Asian monetary systems; exchange rate regimes; monetary integration; central banking and monetary policy; and aggregate price shocks.

Gaining Currency

Gaining Currency PDF Author: Eswar Prasad
Publisher: Oxford University Press
ISBN: 0190631058
Category : Business & Economics
Languages : en
Pages : 345

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Book Description
China's currency, the renminbi, has taken the world by storm. This book documents the renminbi's impressive rise to global prominence in a short period but also shows how much further it has to go before becoming a major international currency. The hype about its inevitable ascendance to global dominance is overblown.