What Role for Currency Boards?

What Role for Currency Boards?
Author: John Williamson
Publisher: Peterson Institute for International Economics
Total Pages: 68
Release: 1995
Genre: Business & Economics
ISBN:

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 Stability of Currency Boards

The Stability of Currency Boards
Author: Kai Stukenbrock
Publisher: Peter Lang Pub Incorporated
Total Pages: 237
Release: 2004
Genre: Business & Economics
ISBN: 9783631520314

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.

Straining at the Anchor

Straining at the Anchor
Author: Gerardo della Paolera
Publisher: University of Chicago Press
Total Pages: 296
Release: 2007-12-01
Genre: Business & Economics
ISBN: 0226645584

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.

Hyperinflation, Currency Board, and Bust

Hyperinflation, Currency Board, and Bust
Author: Jutta Maute
Publisher: Peter Lang Publishing
Total Pages: 296
Release: 2006
Genre: Currency boards
ISBN:

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

The SAGE Encyclopedia of Business Ethics and Society

The SAGE Encyclopedia of Business Ethics and Society
Author: Robert W. Kolb
Publisher: SAGE Publications
Total Pages: 8802
Release: 2018-03-27
Genre: Business & Economics
ISBN: 1483381536

Thoroughly revised, updated, and expanded, The SAGE Encyclopedia of Business Ethics and Society, Second Edition explores current topics, such as mass social media, cookies, and cyber-attacks, as well as traditional issues including accounting, discrimination, environmental concerns, and management. The new edition also includes an in-depth examination of current and recent ethical affairs, such as the dangerous work environments of off-shore factories for Western retailers, the negligence resulting in the 2010 BP oil spill, the gender wage gap, the minimum wage debate and increasing income disparity, and the unparalleled level of debt in the U.S. and other countries with the challenges it presents to many societies and the considerable impact on the ethics of intergenerational wealth transfers. Key Features Include: Seven volumes, available in both electronic and print formats, contain more than 1,200 signed entries by significant figures in the field Cross-references and suggestions for further readings to guide students to in-depth resources Thematic Reader's Guide groups related entries by general topics Index allows for thorough browse-and-search capabilities in the electronic edition

Russian Currency and Finance

Russian Currency and Finance
Author: Steve H. Hanke
Publisher: Psychology Press
Total Pages: 222
Release: 1993
Genre: Business & Economics
ISBN: 0415096510

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.

Currency Boards in Retrospect and Prospect

Currency Boards in Retrospect and Prospect
Author: Holger C. Wolf
Publisher: MIT Press
Total Pages: 279
Release: 2008
Genre: Business & Economics
ISBN: 0262232650

Employing economic theory, cross-country empirical comparison and case studies, this work analyses the effect of currency boards on inflation, output growth and macroeconomic performance. The case studies come from Argentina, Estonia Lithuania, Bulgaria and Bosnia and Herzegovina.

International Reserves and Foreign Currency Liquidity

International Reserves and Foreign Currency Liquidity
Author: International Monetary Fund. Statistics Dept.
Publisher: International Monetary Fund
Total Pages: 258
Release: 2015-01-07
Genre: Business & Economics
ISBN: 1484350162

This update of the guidelines published in 2001 sets forth the underlying framework for the Reserves Data Template and provides operational advice for its use. The updated version also includes three new appendices aimed at assisting member countries in reporting the required data.

Proceedings of a Conference on Currency Substitution and Currency Boards

Proceedings of a Conference on Currency Substitution and Currency Boards
Author: Nissan Liviatan
Publisher: World Bank Publications
Total Pages: 132
Release: 1993-01-01
Genre: Business & Economics
ISBN: 9780821325216

Eighteen well-known policymakers and economists discuss the rising use of currency substitution in Latin America. They examine the effects of currency boards on substitute currencies and on national stabilization programs. Latin American countries including Argentina, Bolivia, Peru, and Uruguay increasingly use dollars as a substitute for domestic currency. The experts debate whether the region should encourage or resist this trend. Topics include the effects of substitution on inflation, liquidity, and exchange rates. The discussions on Argentina, Peru, and Brazil focus on the ways in which currency boards have affected stabilization in these countries. They consider whether such boards can strengthen fiscal discipline and speed economic adjustment. A currency board issues money that is converted into a foreign reserve currency at a fixed exchange rate. This independent institution takes over the central bank's role as the sole issuer of base money. It also manages the exchange rate to keep the currency stable and convertible.