The Stability of Currency Boards
ISBN:
978-3-631-52031-4
Verlag:
Peter Lang GmbH, Internationaler Verlag der Wissenschaften
Land des Verlags:
Deutschland
Erscheinungsdatum:
24.02.2004
Bearbeiter:
Reihe:
cege-Schriften
Format:
Softcover
Seitenanzahl:
240
Lieferung in 3-4 Werktagen
Versandkostenfrei ab 40 Euro in Österreich
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.
Schlagwörter
Biografische Anmerkung
The Author: Kai Stukenbrock was born in Bremen in 1971. Starting in 1992, he studied economics at the University of Göttingen and the University of California, Los Angeles. In 1997 he became a research fellow at the University of Göttingen, where he earned his doctorate. Since 2002 the author has been working as a rating specialist in sovereign ratings for a financial service provider in London.
