The Stability of Currency Boards

The Stability of Currency Boards PDF Author: Kai Stukenbrock
Publisher: Peter Lang Pub Incorporated
ISBN: 9783631520314
Category : Business & Economics
Languages : en
Pages : 237

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Book Description
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.

The Stability of Currency Boards

The Stability of Currency Boards PDF Author: Kai Stukenbrock
Publisher: Peter Lang Pub Incorporated
ISBN: 9783631520314
Category : Business & Economics
Languages : en
Pages : 237

Get Book Here

Book Description
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

Hyperinflation, Currency Board, and Bust PDF Author: Jutta Maute
Publisher: Peter Lang Publishing
ISBN:
Category : Currency boards
Languages : en
Pages : 296

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Book Description
Originally presented as the author's thesis (doctoral)--Universiteat Hohenheim, 2006.

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.

Russian Currency and Finance

Russian Currency and Finance PDF Author: Steve H. Hanke
Publisher: Psychology Press
ISBN: 0415096510
Category : Business & Economics
Languages : en
Pages : 222

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Book Description
As the new Russian state struggles with the transition to a market economy, the need for radical monetary reform becomes increasingly urgent. The choice of reform is crucial, for it will largely determine Russia's future economic performance. In order to break free of the lingering effects of Soviet central planning, the new Russian state needs a stable, convertible currency. Steve H. Hanke, Lars Jonung and Kurt Schuler propose that Russia establishes a currency board which would issue a Russian currency fully convertible with international currency, backed 100 per cent by international bonds. The international community would aid in establishing the currency board by providing the initial reserves. Early supplies of this new Russian currency would be distributed free to Russian citizens. The authors give detailed explanations of how the currency board could be established and how it would work.

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.

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.

Should Developing Countries Have Central Banks?

Should Developing Countries Have Central Banks? PDF Author: Kurt Schuler
Publisher: Research Monograph Institute o
ISBN:
Category : Business & Economics
Languages : en
Pages : 140

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Book Description
Gathers evidence to determine whether or not countries with central banks can claim superior economic performance to those with other monetary systems (such as currency boards, monetary institutes, free banking, or 'dollarisation').

Finance & Development, December 1996

Finance & Development, December 1996 PDF Author: International Monetary Fund. External Relations Dept.
Publisher: International Monetary Fund
ISBN: 1451951892
Category : Business & Economics
Languages : en
Pages : 60

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Book Description
For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe to Finance & Development (F&D). This lively quarterly magazine brings you in-depth analyses of these and other subjects by the IMF’s own staff as well as by prominent international experts. Articles are written for lay readers who want to enrich their understanding of the workings of the global economy and the policies and activities of the IMF.

Legal Foundations of International Monetary Stability

Legal Foundations of International Monetary Stability PDF Author: Rosa María Lastra
Publisher: Oxford University Press, USA
ISBN: 9780199269341
Category : Banks and banking, Central
Languages : en
Pages : 0

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Book Description
Legal Foundations of International Monetary Stability which appeals to both practitioners and academics, is a book on monetary law and related aspects of financial regulation providing a systematic and thorough study of how national, supra-national and international developments have dramatically changed the dynamic field of monetary law over the last two decades. Beginning with the notion of monetary sovereignty, its attributes and limitations, the author goes on to analyze the concept of monetary stability and the institutional developments to promote it, such as independent central banks and currency boards. Since a sound banking system is essential for maintaining monetary stability, the book also presents a legal study of the design of supervision and of the mechanisms available to the national authorities to confront banking crises and to maintain financial stability. The monetary law reform process in emerging economies is also examined. The second part of the book covers European monetary law, the history of monetary integration in Europe, the institutions of Monetary Union (the European System of Central Banks and the Euro) and the functioning and challenges confronted by this new institutional arrangement, with particular regard to the governance structure for financial regulation and supervision. The international monetary system, its history and institutions, with emphasis on the law of the International Monetary Fund, is also examined. This new text fills a gap in the current public international law literature for a systematic and comprehensive text on the international monetary and financial system and is essential reading for academics and practitioners in the field of monetary law.

Inflation

Inflation PDF Author: Robert E. Hall
Publisher: University of Chicago Press
ISBN: 0226313255
Category : Business & Economics
Languages : en
Pages : 302

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Book Description
This volume presents the latest thoughts of a brilliant group of young economists on one of the most persistent economic problems facing the United States and the world, inflation. Rather than attempting an encyclopedic effort or offering specific policy recommendations, the contributors have emphasized the diagnosis of problems and the description of events that economists most thoroughly understand. Reflecting a dozen diverse views—many of which challenge established orthodoxy—they illuminate the economic and political processes involved in this important issue.